Total Factor Productivity and Relative Prices: the case of Italy

TitleTotal Factor Productivity and Relative Prices: the case of Italy
Publication TypeWorking Paper
Year of Publication2020
AuthorsGarau, G, Deriu, S
Number2020_03
ISBN Number978 88 68512 989
Keywordsinput-output, Relative Price, Total Factor Profuctivity Surplus
Abstract

Fontela in his seminal work (1989) set up the distributional rule of productivity gain in the Input–Output context (Total Factor Productivity Surplus, TFPS). Garau (1996) proposed an extension to identify a measure of surplus, called Purchasing Power Transfer (PPT). This measure is given by the productivity gains and the market surplus generated by extra–profits conditions derived from rental position detained by agents. Such a decomposition is very useful from our point of view since it would provide information about the degree of non–competitiveness in di

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