Accounting for Growth and Productivity: Finnish Multi-Factor Productivity 1975-99
AbstractThis paper presents new calculations for the multi-factor productivity of the nonresidential market production in Finland. The new methodology entails quality corrected measures of capital and labour services. The results reinforce the view of a shift taking place in the Finnish growth pattern after the early 1990s recession, from extensive to intensive growth. The exception is the extensive contribution of information and communication capital. Multi-factor productivity has been the engine of growth during the whole observation period from 1975 to 1999, but it experienced a significant step-up in the 1990s.
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Bibliographic InfoArticle provided by Finnish Economic Association in its journal Finnish Economic Papers.
Volume (Year): 15 (2002)
Issue (Month): 2 (Autumn)
Find related papers by JEL classification:
- O3 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
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