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Total Factor Productivity with Chinese Characteristics
Author: fan xin and liu wei

FAN XIN and LIU Wei

SCHOOL of Economics, renmin university of China

  bet365 Play online games Although Total Factor Productivity (TFP) is a Common Concept in Mainstream Western Economics, ITS Origins are actually embedded in Marx ’s UNDERSTANDINGIVING Labor Productivity. AS An Important Element of Labor Productivity Under S Ocialized Production Conditions, TFP Is FURTHER Reflecting in the Category of "Socially Necessary Labor Time" in Two Distinct Senses. Olictical Economy and Incorporation It Incorpoating It Into the theoretical System of Polical Economy of Socialism with Chinese Characteristics Vividly Illustrates The Essence of "Adhering to Original Principles, assimilating foreign concepts, And Embracing A Forward-LOOKING VISION "within Polictical Economy of Socialism with Chinese Characteristics. In Practice, It Is NECESSARY to Start with Marx ’s theory of Productive Labor and Delineate The Security in Productive Labor So THAT TFP and ITS IONS can be met in a more release way. In the context of the new Era and the New Journey, as the key to the achieving high-Quality Economic Development in China, Efforts Are Needed to Increase TFP. This Requires Balancing Economic Factors Such as the Long Term and Short Term, Supply and Demand, And GROSS Quantity and Structure, And Promoting Transformative Changes in the Quality, Efficience, and dynamism of economic development.

 Keywords: Total Factor Productivity (TFP), Technology Progress, Technology Efficience, High-Quality Development

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