Productivity Measurement with Natural Capital
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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Traditional measures of multi-factor productivity (MFP) growth generally do not recognise natural capital as inputs into the production process. Since productivity growth is measured as the residual between output and input growth, it will pick up the growth in unmeasured inputs, which can lead to a bias. The purpose of this paper is to gain a...
