Appendix: Market Imperfections and Biases in TFP Measurement
Cite this article as:
Goldar, Bishwanath. 2022. “Appendix: Market Imperfections and Biases in TFP Measurement.” International Productivity Monitor, No. 43 (Fall 2022): 1–9. https://www.csls.ca/ipm-archive/ipm-issue-43/appendix-market-imperfections-and-biases-in-tfp-measurement/
Abstract
Appendix to IPM-43-7 reviewing how markups and labour unionization create biases in TFP measurement (Solow residual vs. true technical change), and the implications for interpreting India’s pre- and post-reform TFP growth comparison, drawing on Dobbelaere (2005), Harrison (1994), and related literature.