Introduction

The temporal movement of inclusive wealth paths can estimated as an indicator of sustainability, with a focus on the adjustment for total factor productivity (TFP). TFP is considered to be a residual, namely the remainder of the output change explained by inputs such as capital and labor The methodology for estimating inclusive wealth-based TFP, which thus considers both technological progress and efficiency change, and evaluates the contribution of TFP to sustainable development. Manufactured goods are closely related to the depletion of natural capital, it is possible for GDP-based TFP to indicate good performance in sustainability and IW-based TFP to indicate poor performance. GDP-based TFP may lead to either overestimation or underestimation due to the exclusion of natural capital. The Malmquist index is suitable for assessing the connection between inputs and outputs under multivariate input inefficiency. GDP-based TFP to indicate good performance in sustainability and IW-based TFP to indicate poor performance.