total factor productivity

Energy and Productivity - Part 1: What is productivity and why should we care?

Energy and Productivity - Part 1: What is productivity and why should we care?

The word ‘productivity’ gets thrown around quite a bit by policymakers and economists, but is it really that important to our everyday lives? In this introductory piece in a series about energy and productivity, Research Analyst Oliver Forsyth explores how productivity relates to measures of welfare and economic performance.