How to pronounce“tfp”in English
But that's one key conceptual thing to keep in mind that those are not the same thing.
Aggregate TFP is decreasing in the dispersion of these wedges, that's misallocation.
And if you just look at it this way, you can imagine a data set where you had a measure of this variance, and you had an estimate of this elasticity,
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Definitions of “tfp”
Initialism of time for print: a photographer's arrangement where the model is paid with a selection of prints from the shoot, and a limited licence to use them.
Initialism of total factor productivity.
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