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“Addressing the Negative Multifactor Productivity Conundrum.”–This working paper urges efforts to resolve partially the negative MFP conundrum by: (i) Revising methods for estimating the nominal value of nonmarket gross output of Health and Education services when current measures are based on cost; (ii) incorporating quality adjustments into estimates of real gross output and materials factor inputs for these services; and (iii) recognizing that humans have at least three, not two, roles in multifactor productivity and economic measurement broadly.
When the BlackEconomics.org website was first developed in 2005, it included a page entitled Long-Term and Strategic Plan (LTSP) for Black America. In 2008 we made an appeal for the development of an LTSP. However, the goal of developing such a plan was not achieved until 2022 and 2023, when a “grassroots” LTSP Panel produced a Long-Term Strategic Plan for Black America. BlackEconomics.org’s chief contributors participated as members of the LTSP Panel. At a minimum, please consider the Executive Summary.
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