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Accounting for Growth and Productivity: Finnish Multi-Factor Productivity 1975-99

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Author Info
Jukka Jalava (National Accounts, Statistics Finland, Finland)

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Abstract

This 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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File URL: http://www.taloustieteellinenyhdistys.fi/images/stories/fep/f2002_2b.pdf
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Publisher Info
Article provided by Finnish Economic Association in its journal Finnish Economic Papers.

Volume (Year): 15 (2002)
Issue (Month): 2 (Autumn)
Pages: 76-86
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Handle: RePEc:fep:journl:v:15:y:2002:i:2:p:76-86

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Web page: http://www.taloustieteellinenyhdistys.fi
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Find related papers by JEL classification:
O3 - Economic Development, Technological Change, and Growth - - Technological Change
O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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  1. Olli Haltia & Mikko Leppämäki, 2000. "Do shareholders care about corporate investment returns?," Finnish Economic Papers, Finnish Economic Association, vol. 13(1), pages 19-27, Spring. [Downloadable!]
  2. Jalava, Jukka & Pohjola, Matti, 2002. "Economic growth in the New Economy: evidence from advanced economies," Information Economics and Policy, Elsevier, vol. 14(2), pages 189-210, June. [Downloadable!] (restricted)
    Other versions:
  3. Moses Abramovitz, 1956. "Resource and Output Trends in the United States Since 1870," NBER Chapters, in: Resource and Output Trends in the United States Since 1870, pages 1-23 National Bureau of Economic Research, Inc. [Downloadable!]
  4. Mika Maliranta, 2001. "Productivity Growth and Micro-level Restructuring. Finnish experiences during the turbulent decades," Discussion Papers 757, The Research Institute of the Finnish Economy. [Downloadable!]
  5. Hulten, Charles R. & Wykoff, Frank C., 1981. "The estimation of economic depreciation using vintage asset prices : An application of the Box-Cox power transformation," Journal of Econometrics, Elsevier, vol. 15(3), pages 367-396, April. [Downloadable!] (restricted)
  6. Tom Björkroth & Anders Kjellman, 2000. "Public capital and private sector productivity - a Finnish perspective," Finnish Economic Papers, Finnish Economic Association, vol. 13(1), pages 28-44, Spring. [Downloadable!]
  7. Eric J. Bartelsman & Mark Doms, 2000. "Understanding Productivity: Lessons from Longitudinal Microdata," Journal of Economic Literature, American Economic Association, vol. 38(3), pages 569-594, September. [Downloadable!] (restricted)
    Other versions:
  8. Diewert, W. E., 1976. "Exact and superlative index numbers," Journal of Econometrics, Elsevier, vol. 4(2), pages 115-145, May. [Downloadable!] (restricted)
  9. Berndt, Ernst R. & Fuss, Melvyn A., 1986. "Productivity measurement with adjustments for variations in capacity utilization and other forms of temporary equilibrium," Journal of Econometrics, Elsevier, vol. 33(1-2), pages 7-29. [Downloadable!] (restricted)
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