Sense and sustainability revisited : the limits of total factor productivity measures of sustainable agricultural systems

  title={Sense and sustainability revisited : the limits of total factor productivity measures of sustainable agricultural systems},
  author={Derek Byerlee and Rinku Murgai},
Many economists have advocated and applied total social factor productivity (TSFP) (i.e., total factor productivity estimated with both market and non-market inputs and externalities, and with all factors valued at social prices) as a single all-embracing measure of agricultural sustainability. This paper reviews the conceptual and practical issues in measuring TSFP and shows that no one measure alone will be theoretically or empirically robust as an indicator of sustainability. TSFP is a… CONTINUE READING

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