Total factor productivity in the B.C. manufacturing sector, 1961-1988
Date
1989
Authors
Hallin, Lillian Grace
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Abstract
Total factor productivity (TFP) is a measure of the relationship between growth in output and growth in a composite measure of factor inputs. Estimates of total factor productivity for the manufacturing sector of British Columbia, and for selected manufacturing industries, are calculated for the period between 1961 and 1988. The technique used is based on the Tornquist approximation to a Divisia index. Tornquist indices are consistent with a model of production which is based on a translog aggregate production function. Estimates of TFP in B.C. manufacturing indicate that there has been a general shift towards more capital-intensive production technologies, and that a slowdown in productivity growth occurred after 1973.