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In economics, total-factor productivity (TFP), also called multi-factor productivity, is usually measured as the ratio of aggregate output (e.g., GDP) to aggregate inputs. [1] Under some simplifying assumptions about the production technology, growth in TFP becomes the portion of growth in output not explained by growth in traditionally ...
Medan Kota is one of 21 districts in the city of Medan, North Sumatra, Indonesia. Boundaries of the district (Indonesian: kecamatan): To the north : Medan Area, Medan Perjuangan, Medan Timur; To the south : Medan Amplas; To the east : Medan Denai, Medan Area; To the west : Medan Maimun; In 2004, it had a population of 84.530 inhabitants.
The Statistics Indonesia (Badan Pusat Statistik) derives GRP for a province as the sum of the GRP Nominal originating in all the industries in the province at current prices market. [ 2 ] GRP are the amount of remuneration received by factors of production participating in the production process in a region within a certain period of time ...
Muhammad Bobby Afif Nasution (born 5 July 1991) is an Indonesian businessman and politician currently serving as the governor of North Sumatra. He was previously Medan's mayor between 2021 and 2025. He is the son-in-law of former President Joko Widodo.
The Solow residual measures total factor productivity, but the productivity variable is normally attached to the labor variable in the Solow-Swan model to make technological growth labor-augmenting. This type of productivity growth is required mathematically to keep the shares of national income accruing to the factors of production constant ...
The Total Economy Database was developed at the Groningen Growth and Development Centre (GGDC) in the University of Groningen in the Netherlands in the early 1990s. . Starting in the late 1990s, it began to be produced jointly by GGDC and The Conference Board, a nonprofit founded in 1916 that works on the relationship between business and labor in 60 c
The accounting result is obtained by subtracting the weighted growth rates of the inputs from the growth rate of the output. In this case the accounting result is 0.015 which implies a productivity growth by 1.5%. We note that the productivity model reports a 1.4% productivity growth from the same production data.
The Greater Medan metropolitan area, known locally as Mebidangro (an acronym of Medan–Binjai–Deli Serdang–Karo) is a metropolitan area in North Sumatra, Indonesia, which consists of Medan City, Binjai City, Deli Serdang Regency and part (4 districts) of Karo Regency. The metropolitan area was established by a presidential decree in 2011. [3]