Assignment
Essay: "What is total factor productivity growth and why is it important?" byRichard G. Lipsey and Kenneth Carlaw.
Article: Total Factor Productivity - Lessons from the Past and Directions for the Future by Bart van Ark, 16 October 2014 .
The above essay must be in undergraudate standard.
Length: 2000 words essay
Essay should include the following:
Define Total Factor Productivity.
How is Total Factor Productivity measured?
How does Total Factor Productivity relate to long-term ecnomic growth?
What are the determinants of Total Factor Productivity?
Criticisim of Total Factor Productivity for long-term ecnomic growth
Conclusion.