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Article: Multifactor productivity: cotton and synthetic broadwoven fabrics.(Cover Story)
- Article from:
- Monthly Labor Review
- Article date:
- July 1, 1995
- Author:
CopyrightCOPYRIGHT 1995 U.S. Bureau of Labor Statistics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Multifactor productivity, an indicator of economic performance that relates output to the combined inputs of labor, capital, and intermediate purchases, rose by an average 0.8 percent per year between 1972 and 1991 in the cotton and synthetic broadwoven fabrics industry. Growth in multifactor productivity can result from numerous influences such as technological change, economies of scale, changes in the skills of the work force, and changes in the organization of production. In the broadwoven fabrics industry, technological change was perhaps the most important factor underlying multifactor productivity growth in the period, as there was widespread adoption of technological ...