MEASUREMENT AND DETERMINANTS OF MULTI‐FACTOR PRODUCTIVITY: A SURVEY OF LITERATURE
综述了多要素生产率测度的三种方法(增长核算、指数法与前沿技术、增长回归与计量方法),评估其优缺点,并梳理了生产率增长的决定因素,对政策制定者有用。
Abstract This paper surveys and synthesizes fast‐growing literature on the measurement and determinants of multi‐factor productivity (MFP). We identify three strands of the literature to measure MFP: the first is growth accounting, which decomposes observed economic growth into the contribution of factor inputs and technological change, called the Solow Residual; the second is index number methods, accompanied by frontier techniques; the third is growth regressions and econometric methods used to estimate productivity across countries and regions. We keep our focus on assessing the major strengths and weaknesses of commonly used methods for MFP measurement and categorize existing literature on the determinants of MFP growth into macroeconomic and institutional factors. We attempt to provide a reassessment and thematic survey of literature on the drivers of aggregate productivity, enabling policymakers to formulate effective economic policy.