ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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TFPG in Manufacturing: The 80s Revisited

Establishing accelerated productivity growth in the 1980s is contingent on the use of single deflation, a procedure flawed in principle. There is no credible option to double deflation when working with value added as the output measure in physical terms.

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