XIE Fusheng,ZHANG Tianxiao,ZHANG Junfu
Journal of Renmin University of China.
Based on the existing research on the accounting identity problem,this article discusses the accounting identity,the aggregate production function and the true meaning of total factor productivityFirstly,this article summarizes the relationship between several types of aggregate production functions and the accounting identity,then gives a general method for constructing the aggregate production function through accounting identityNext,we explore the relationship between the method of measuring total factor productivity,such as parameter method and nonparametric method,and accounting identityFinally,the macroeconomic data of China from 1993 to 2016 is used to verify the true meaning of total factor productivity measured by Solow residual method,and as an example,the method of measuring technology with total factor productivity is questioned