Define total factor productivity how is total factor, Microeconomics

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Define total factor productivity how is total factor

Assignment

Essay: "What is total factor productivity growth and why is it important?" byRichard G. Lipsey and Kenneth Carlaw.

Article: Total Factor Productivity - Lessons from the Past and Directions for the Future by Bart van Ark, 16 October 2014 .

The above essay must be in undergraudate standard.

Length: 2000 words essay

Essay should include the following:

Define Total Factor Productivity.

How is Total Factor Productivity measured?

How does Total Factor Productivity relate to long-term ecnomic growth?

What are the determinants of Total Factor Productivity?

Criticisim of Total Factor Productivity for long-term ecnomic growth

Conclusion.

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Microeconomics: Define total factor productivity how is total factor

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Microeconomics: Define total factor productivity how is total factor

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