Term:
KLEMS multi-factor productivity
Definition:
KLEMS multi-factor productivity (MFP) is a productivity measure that relates gross output to primary (capital and labour) and intermediate inputs (energy, other intermediate goods, services)
Domain:
Economics & National Accounts
Source:
OECD Productivity Manual: A Guide to the Measurement of Industry-Level and Aggregate Productivity Growth, OECD, Paris, March 2001, Annex 1 – Glossary
