en>Yobot: clean up /fixed checkwiki error 18 using AWB (8717)

2012-12-01T15:19:15Z

clean up /fixed checkwiki error 18 using AWB (8717)

← Older revision		Revision as of 17:19, 1 December 2012
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	~~Hi there~~, ~~I am Andrew Berryhill~~. ~~I am presently~~ a ~~travel agent~~. ~~What me~~ and ~~my family members adore~~ is ~~doing ballet but I've been using on new issues recently~~. ~~For years he's been living~~ in ~~Mississippi and he doesn't plan on changing it~~.<br><br>~~Also visit my webpage -~~ [http://~~Www~~.~~Onbizin~~.Co.kr/xe/~~?document_srl~~=~~320614 free psychic~~]		'''Multifactor productivity''' (MFP) measures the changes in output per unit of combined inputs. In the United States, Indices of MFP are produced for the private business, private nonfarm business, and manufacturing sectors of the economy. MFP is also developed for 2-and 3-digit Standard Industrial Classification (SIC) through 1987, and NAICS (North Atlantic Industrial Classification System) through 2005 for manufacturing industries, the railroad transportation industry, the air transportation industry, and the utility and gas industry.

			Multifactor productivity measures reflect output per unit of some combined set of inputs. A change in multifactor productivity reflects the change in output that cannot be accounted for by the change in combined inputs. As a result, multifactor productivity measures reflect the joint effects of many factors including new technologies, economies of scale, managerial skill, and changes in the organization of production.

			Whereas [[labor productivity]] measures the output per unit of labor input, multifactor productivity looks at a combination of production inputs (or factors): labor, materials, and capital. In theory, it’s a more comprehensive measure than labor productivity, but it’s also more difficult to calculate.

			(1) <math>\textrm{Labor~Productivity~(output~per~hour)}={\textrm{Output}\over\textrm{Labor ~Inputs}}</math>

			(2) <math>\textrm{Multifactor~Productivity}={\textrm{Output}\over{(KLEMS)}}</math>

			Multi-factor productivity is the same as [[total factor productivity]], a certain type of [[Solow residual]].

			<math>MFP = {{d(ln f)}\over{dt}} = {{d(ln Y)}\over{dt}} - {{s_L \cdot d(ln L)}\over{dt}} - {{s_K\cdot d(ln K)}\over{dt}}</math>

			where:
			* <math>f</math> is the global production function;
			* <math>Y</math> is output;
			* <math>t</math> is time;
			* <math>s_L</math> is the share of input costs attributable to labor expenses;
			* <math>s_K</math> is the share of input costs attributable to capital expenses;
			* <math>L</math> is a dollar quantity of labor
			* <math>K</math> is a dollar quantity of capital
			* <math>M</math> is a dollar quantity of materials
			* <math>S</math> is a dollar quantity of [business] services
			* <math>E</math> is energy or [[exergy]], only used in some models.<ref name ="Ayres-Warr2004">{{Cite journal
			\| last1 = Ayres
			\| last2 = Warr
			\| first1 = Robert U.
			\| first2 = Benjamin
			\| author1-link =
			\| title = Accounting for Growth: The Role of Physical Work
			\| year = 2004
			\| url =http://www.fraw.org.uk/files/economics/ayres_2005.pdf
			\| postscript = <!--None-->
			}}</ref>

			== References ==
			{{reflist}}

			== External links ==
			* {{cite web\|title=Multifactor Productivity\|url=http://www.bls.gov/mfp/home.htm\|publisher=[[U.S. Department of Labor]], [[Bureau of Labor Statistics]]\|accessdate=24 June 2012}}
			* {{cite web\|title=What is productivity?\|url=http://www.bostonfed.org/education/ledger/ledger04/winter/whatisprod.pdf \|publisher=Federal Reserve Bank of Boston\|accessdate=24 June 2012}}
			* {{cite web\|title=Multi-Factor Productivity\|url=http://economics.about.com/library/glossary/bldef-multi-factor-productivity.htm\|work=About.com > Education > Economics\|publisher=The New York Times Company\|accessdate=24 June 2012}}

			[[Category:Production economics]]

en>RJFJR: remove {{Cleanup|date=February 2007}}

2011-12-14T21:58:29Z

remove {{Cleanup|date=February 2007}}

New page

Hi there, I am Andrew Berryhill. I am presently a travel agent. What me and my family members adore is doing ballet but I've been using on new issues recently. For years he's been living in Mississippi and he doesn't plan on changing it.<br><br>Also visit my webpage - [http://Www.Onbizin.Co.kr/xe/?document_srl=320614 free psychic]

Retention uniformity - Revision history

en>Yobot: clean up /fixed checkwiki error 18 using AWB (8717)

en>RJFJR: remove {{Cleanup|date=February 2007}}