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Growth accounting

Caselli, Francesco (2008) Growth accounting. In: Durlauf, Steven N. and Blume, Lawrence E., (eds.) The New Palgrave Dictionary of Economics. Palgrave Macmillan, Basingstoke, UK. ISBN 9780333786765

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Abstract

Growth accounting consists of a set of calculations resulting in a measure of output growth, a measure of input growth, and their difference, most commonly referred to as total factor productivity (TFP) growth. It can be performed at the level of the plant, firm, industry, or aggregate economy. This article discusses the theoretical interpretation of the growth-accounting exercise, problems of measurement, and main empirical results. It concludes with a (very selective) history of the field.

Item Type: Book Section
Official URL: http://www.palgrave.com/home/
Additional Information: © 2008 Palgrave Macmillan
Library of Congress subject classification: H Social Sciences > HF Commerce > HF5601 Accounting
Journal of Economic Literature Classification System: D - Microeconomics > D9 - Intertemporal Choice and Growth > D92 - Intertemporal Firm Choice and Growth, Investment, or Financing
Sets: Departments > Economics
Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 04 Apr 2011 13:46
URL: http://eprints.lse.ac.uk/33837/

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