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Definition: Multifactor productivity
Category: OECD terminology
Relates a change in output to several types of inputs. MFP is often measured residually as that change in output that cannot be accounted for by the change in combined inputs. http://ec.europa.eu/eurostat/ramon/statmanuals/files/oecd_measuring_productivity_2001_en.pdf
Source:
Organization for Economic Cooperation and Development (OECD), "Measuring Productivity - OECD Manual: Measurement of Aggregate and Industry-Level Productivity Growth", Paris, 2001
Organization for Economic Cooperation and Development (OECD), "Measuring Productivity - OECD Manual: Measurement of Aggregate and Industry-Level Productivity Growth", Paris, 2001
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