Abstract
The aggregate rate of total factor productivity growth (TFPG) when there are intermediate inputs, can be expressed either as a weighted average or as a weighted sum of the sectoral rates depending on the choice of sectoral rates being weighted. The agrument that there is a magnification effect due to the transmission of TFPG through the intersectoral flows among sectors, is therefore to be more illusory than real.
| Original language | English |
|---|---|
| Pages (from-to) | 17-23 |
| Number of pages | 7 |
| Journal | Journal of Development Economics |
| Volume | 26 |
| Issue number | 1 |
| DOIs | |
| State | Published - Jun 1987 |
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