Total factor productivity and multifactor productivity are basically same thing; the latter just happened to be the term Gordon used in that paper. Elsewhere, Gordon has called TFP “the best available ...

As important as productivity growth is to the health of the economy, much remains to be understood about how and why its trend growth rate changes. This Economic Letter discusses some of the points of ...

As Canada moves into 2025, its productivity still lags, despite efforts by the federal government to address the issue in the 2024 federal budget. Canada’s productivity has declined in nine of the ...

Labour productivity – which is the output each person produces in the economy – matters hugely for every Australian. As Nobel Prize-winner Paul Krugman famously said, “Productivity isn't everything, ...