Estimated Growth of Output, Inputs, and Total Factor Productivity
|Growth of value added||5.4||6.3|
|Total factor input||51||69|
|Total factor productivity||49||31|
|Rate of growth of:|
|Total factor input||2.7||4.3|
|Total factor productivity||2.7||2.0|
Averages relate to a number of studies on 12 developed countries and 20 developing countries covering a variety of sample periods ranging from the late 1940s to the mid-1970s. Accordingly, these averages do not correspond to specific time periods.