Question: Provide the Computation of the Total Factor Productivity (TFP) for the years 1993 to 2015 and Conclusion.
Total Employment, capital formation and GDP output from 1993 to 2015
| YEARS |
EMPLOYMENT (Million) |
CAPITAL FORMATION (Million pesos) |
GDP (Million pesos) |
| 2015 |
38741 |
1,780,932 |
7,579,940 |
| 2014 |
38837 |
1,568,346 |
7,164,017 |
| 2013 |
38537 |
1,487,902 |
6,750,079 |
| 2012 |
37668 |
1,152,067 |
6,312,174 |
| 2011 |
38545 |
1,216,884 |
5,910,201 |
| 2010 |
36488 |
1,183,650 |
5,701,539 |
| 2009 |
35478 |
899,333 |
5,297,240 |
| 2008 |
34533 |
984,810 |
5,237,101 |
| 2007 |
33672 |
798,320 |
5,028,288 |
| 2006 |
33188 |
802,113 |
4,716,231 |
| 2005 |
32875 |
945,024 |
4,481,279 |
| 2004 |
31741 |
917,875 |
4,276,941 |
| 2003 |
31553 |
938,864 |
4,008,469 |
| 2002 |
30251 |
943,086 |
3,818,667 |
| 2001 |
30085 |
815,374 |
3,684,340 |
| 2000 |
27775 |
657,691 |
3,580,714 |
| 1999 |
27762 |
650,557 |
3,429,434 |
| 1998 |
26968 |
748,344 |
3,326,902 |
| 1997 |
26533 |
878,162 |
3,346,200 |
| 1996 |
27442 |
791,165 |
3,181,241 |
| 1995 |
25698 |
708977 |
3,005,541 |
| 1994 |
25166 |
690478 |
2,871,206 |
| 1993 |
24443 |
640448 |
2,750,524 |