Using indices to measure changes in total factor productivity (TFP) gives rise to the popular TFP index. A wide range of indices are used to calculate total factor productivity, among which the Divisia index, Törnqvist index, Fisher index, and Malmquist index are widely used.

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The Index Method

  • Binlei Gong,
  • Shurui Zhang,
  • Shuo Wang,
  • Lingran Yuan,
  • Qizheng Zhang

摘要

Using indices to measure changes in total factor productivity (TFP) gives rise to the popular TFP index. A wide range of indices are used to calculate total factor productivity, among which the Divisia index, Törnqvist index, Fisher index, and Malmquist index are widely used.