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33-732: MFP may refer to: Politics [ edit ] Member of the Flemish Parliament Political parties [ edit ] Marematlou Freedom Party , a political party in Lesotho Magyar Függetlenségi Párt or Hungarian Independence Party, a Hungarian political party after World War II Matabeleland Freedom Party , a separatist political party in Matabeleland, Zimbabwe Montenegrin Federalist Party ,

66-516: A certain amount of inputs. It accounts for part of the differences in cross-country per-capita income. For relatively small percentage changes, the rate of TFP growth can be estimated by subtracting growth rates of labor and capital inputs from the growth rate of output. Technology growth and efficiency are regarded as two of the biggest sub-sections of total factor productivity, the former possessing "special" inherent features such as positive externalities and non-rivals which enhance its position as

99-750: A certain initiative is admissible and thus can be put to parliament at all. The Flemish Ministers take the oath before the Speaker of the Flemish Parliament. Only the head of the Flemish government, the Flemish Minister-President, takes the oath before the King . The current Speaker of the Flemish Parliament is Liesbeth Homans of the New Flemish Alliance (N-VA). The Speaker of the Flemish Parliament

132-658: A decree of the Flemish Community or as a decree of the Flemish Region (or often as a decree combining provisions for both entities). Regional legislation is only applicable to all persons in the Flemish Region whereas community legislation also applies to Flemish institutions or services in Brussels (and thus to persons in Brussels who choose to make use of these institutions or services, such as schools). No hierarchy exists between (federal) laws and Flemish decrees, as each level

165-772: A designation offered by the American Academy of Financial Management Malay Film Productions , a defunct film studio in Singapore Mayors for Peace (MfP), an organisation promoting world peace Mechanical fuel pump , a common type of fuel pump Military Foot Police, a precursor to the Royal Military Police Minimum Foundation Program , the formula that determines the cost to educate students at public elementary and secondary schools in Louisiana Multifactor productivity ,

198-453: A driver of economic growth. Total factor productivity (TFP) is often considered the primary contributor to GDP growth rate. Other contributing factors include labor inputs, human capital, and physical capital. Total factor productivity measures residual growth in total output of a firm, industry or national economy that cannot be explained by the accumulation of traditional inputs such as labor and capital. Since this cannot be measured directly

231-604: A federation. This competence includes development cooperation and foreign trade. A regular legislative session starts in September, when the Government presents its "September Declaration" ( Septemberverklaring ), a kind of State of the Union . Plenary sessions are usually held on Wednesdays. The Flemish Parliament largely functions like its federal, community and regional counterparts, mutatis mutandis . Bills are usually introduced by

264-533: A measure of the change in output per unit of input in an economic system Music for People (organization) , a non-profit organization dedicated to music-making and music improvisation as a means of self-expression Multifunction platform , a diesel generator for use in Africa Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title MFP . If an internal link led you here, you may wish to change

297-459: A parliament for the Flemish Region. Flanders decided as early as 1980 to merge the Flemish Community with the Flemish Region. As a result, Flanders now has a single parliament and a single government with competence over community as well as over regional matters. This Parliament was called the Vlaamse Raad until it was officially renamed Vlaams Parlement (Flemish Parliament) on 13 June 1995. Over

330-610: A political party representing Montenegrins in the Kingdom of Yugoslavia Move Forward Party , a center-left political party in Thailand Software and hardware [ edit ] Macromedia Flash Player, now known as Adobe Flash Player MyFitnessPal , a free app and website that tracks diet and exercise Multifunction printer , an office machine that incorporates the functionality of multiple devices in one Science, Medicine [ edit ] Membrane fusion protein ,

363-519: A protein which makes membranes combine Mean free path , in kinetic theory, a term describing the path of molecules, atoms or photons Sodium monofluorophosphate , an ingredient in toothpastes Art [ edit ] Mystery Flesh Pit National Park Music [ edit ] Music for People (album) , a 2000 album by the band VAST Music for Pleasure (record label) , a record label from England Places [ edit ] Muzaffarpur Junction railway station (station code: MFP),

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396-689: A railway station in India Multifunction Polis , a proposed technology city in Australia Others [ edit ] Marinefährprahm , a World War II German landing craft Macassar Malay (ISO 639 code: mfp), a Malay trade language Main Force Patrol , an Australian Federal Police unit in the Mad Max movies Management Frame Protection, the name used by Cisco Systems to refer to IEEE 802.11w-2009 Master Financial Professional,

429-477: A residual, TFP is also dependent on estimates of the other components. In 2001, William Easterly and Ross Levine estimated that for an average country the TFP accounts for 60 percent of growth of output per worker. A 2005 study on human capital attempted to correct for weaknesses in estimations of the labour component of the equation, by refining estimates of the quality of labour. Specifically, years of schooling

462-451: Is assisted by the Bureau, which consists of the Speaker, four Deputy Speakers and three Secretaries. The Bureau is responsible for the day-to-day activities of the Flemish Parliament and meets at least once every two weeks. The Extended Bureau, which consists of the Bureau and the floor leaders of the recognised political fractions in the Flemish Parliament coordinates the political activities of

495-541: Is often taken as a proxy for the quality of labour (and stock of human capital), which does not account for differences in schooling between countries. Using these re-estimations, the contribution of TFP was substantially lower. Robert Ayres and Benjamin Warr have found that the model can be improved by using the efficiency of energy conversion, which roughly tracks technological progress . The word "total" suggests all inputs have been measured. Official statisticians tend to use

528-525: Is often used to represent total output (Y) as a function of total-factor productivity (A), capital input (K), labour input (L), and the two inputs' respective shares of output (α and β are the share of contribution for K and L respectively). As usual for equations of this form, an increase in either A, K or L will lead to an increase in output. Y = A × K α × L β {\displaystyle Y=A\times K^{\alpha }\times L^{\beta }} As

561-621: Is supposed to have clearly defined subject-matter jurisdiction. The basis for the community subject-matter jurisdiction is defined in the Belgian Constitution, but the Special Law on Institutional Reform defines all matters in high detail. They can be summarised as follows: For all areas within its sphere of competence (both vis-à-vis community or regional competences), the Flemish region can conclude international treaties with other states, whether they are national states or member states of

594-529: The Cambridge critique . Therefore, some economists believe that the method and its results are invalid or need to be carefully interpreted and used along with other alternative approaches. On the basis of dimensional analysis , TFP has been criticized as lacking meaningful units of measurement . The units of the quantities in the Cobb–Douglas equation are: In this construction the units of A would not have

627-645: The legislative power in Flanders for matters which fall within the competence of Flanders, both as a geographic region and as a cultural community of Belgium (unlike the French Community and Wallonia , which each have separate legislatures: the Parliament of the French Community and the Parliament of Wallonia ). The Flemish Parliament approves decrees , which are Flemish laws , applicable to all persons in

660-512: The European Parliament. Thus, de facto the European decision-makers determine when the Flemish Parliament elections occur. This table shows the distribution of seats following the 2024 regional election : The following table lists each legislative term since 1995, when the Flemish Parliament was first directly elected following the fourth state reform . The parties are ordered by size in

693-459: The Flemish Movement would like the Flemish Parliament to acquire certain sovereign powers in addition to those concerning language, culture and education. Furthermore, among the broader Flemish population a consensus has emerged that the Flemish Parliament should also acquire much larger financial and fiscal autonomy. The Flemish Parliament enacts decrees , which are Flemish laws , either as

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726-400: The Flemish Parliament and sets the agenda for the plenary session. It usually meets every week on Monday. Much of the work of the Flemish Parliament is done in committee. The Flemish Parliament currently has eleven standing committees. Each committee is specialised in a particular subject area and consists of 15 Members of the Flemish Parliament. The primary task of the committees is to examine

759-720: The Flemish Region, and to Flemish institutions in Brussels; it appoints and supervises the Flemish Government ; and it approves the Flemish budget. The Flemish Parliament meets in the Flemish Parliament building in central Brussels , and its members and staff are housed in the House of the Flemish Representatives. From 1830 until 1970 Belgium was a unitary state with a single government and a bicameral national parliament. The laws issued by Parliament applied to all Belgians, and government ministers exercised their authority across

792-504: The Flemish Region. They have voting rights for both regional and community competencies. Six members are directly elected in the Brussels-Capital Region by those voters who voted for a Dutch-speaking party in the Brussels regional elections. They have no voting rights for the regional competencies. The elections take place every five years, simultaneously with the elections for the other regional and community parliaments and for

825-446: The Government ( ontwerp van decreet ), but members of parliament can also propose bills ( voorstel van decreet or private member's bill ). Bills are first considered in committee, after which they are put to a vote in the plenary. Votes are usually recorded electronically. For example during the 2009–14 legislature, 407 government bills were adopted, while only 102 private member's bills were made law. 118 members are directly elected in

858-724: The last thirty years, Flanders has thus developed into a separate state within the federalised Belgium. Members are called " Vlaamse Volksvertegenwoordigers ". In English , they are referred to as "Members of the Flemish Parliament" (MFPs), like the MSPs in Scotland and the MEPs in the European Union . The title "Flemish Representative" is also used in English. Since 1995 members of the Flemish Parliament have been directly elected. Currently, many voices in

891-604: The length and breadth of the country. Between 1970 and 2001 the Belgian Parliament approved five successive constitutional reforms. Slowly they changed Belgium from a unitary into a federal state. Part of this was to give the communities and later the regions, their own parliaments. On 7 December 1971 the Cultural Council for the Dutch-speaking Cultural Community held its first meeting; later followed

924-513: The link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=MFP&oldid=1240411989 " Category : Disambiguation pages Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages Flemish Parliament Opposition (59) The Flemish Parliament ( Dutch : Vlaams Parlement , formerly called Flemish Council or Vlaamse Raad ) constitutes

957-454: The process of calculating derives TFP as the residual which accounts for effects on total output not caused by inputs. It has been shown that there is a historical correlation between TFP and energy conversion efficiency . Also, it has been found that integration (among firms for example) has a causal positive impact on total factor productivity. The equation below (in Cobb–Douglas form)

990-470: The production technology, growth in TFP becomes the portion of growth in output not explained by growth in traditionally measured inputs of labour and capital used in production. TFP is calculated by dividing output by the weighted geometric average of labour and capital input, with the standard weighting of 0.7 for labour and 0.3 for capital. Total factor productivity is a measure of productive efficiency in that it measures how much output can be produced from

1023-484: The respective term. Green coloured parties indicate the government majority, whereas red parties form the opposition. 1995–1999 1999–2004 2004–2009 2009–2014 2014–2019 2019–2024 2024–present At the beginning of each parliamentary year, on the fourth Monday in September, the Flemish Parliament elects its Speaker . The Speaker chairs the plenary sessions of the Flemish Parliament and acts as its official representative. The speaker determines whether

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1056-399: The term "multifactor productivity" (MFP) instead of TFP because some inputs such as energy are usually not included. External costs including attributes of the workforce, public infrastructure such as highways and environmental sustainability costs such as mineral depletion and pollution are not traditionally included. Growth accounting exercises and total factor productivity are open to

1089-613: The texts of decree proposals and organise hearings and discussions on decree proposals. There are usually also ad hoc committees, such as the Digital Flanders Committee and the Flemish Constitution Committee. Multifactor productivity 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. Under some simplifying assumptions about

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