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Productivity measurement issues in services industries: "Baumol's disease" has been cured

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Author Info
Jack E. Triplett
Barry P. Bosworth
Abstract

This paper was presented at the conference "Economic Statistics: New Needs for the Twenty-First Century," cosponsored by the Federal Reserve Bank of New York, the Conference on Research in Income and Wealth, and the National Association for Business Economics, July 11, 2002. The authors document that labor productivity growth in the services industries after 1995 was a broad acceleration, not just confined to one or two industries, as has sometimes been supposed. They also examine the sources of labor productivity growth: a great expansion in services industry multifactor productivity (MFP) after 1995, information technology (IT) investment, and purchased intermediate inputs.

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Article provided by Federal Reserve Bank of New York in its journal Economic Policy Review.

Volume (Year): (2003)
Issue (Month): Sep ()
Pages: 23-33
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Handle: RePEc:fip:fednep:y:2003:i:sep:p:23-33:n:v.9no.3

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Related research
Keywords: Labor productivity ; Service industries ; Industrial productivity - Measurement;

References listed on IDEAS
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  1. Baumol, William J, 1972. "Macroeconomics of Unbalanced Growth: Reply," American Economic Review, American Economic Association, vol. 62(1), pages 150, March.
  2. Martin Neil Baily & Robert J. Gordon, 1988. "The Productivity Slowdown, Measurement Issues, and the Explosion of Computer Power," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 19(1988-2), pages 347-432. [Downloadable!]
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Cited by:
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  1. Jochen Hartwig, 2005. "Sind unsere gesamtwirtschaftlichen Probleme überhaupt lösbar?," Working papers 05-112, KOF Swiss Economic Institute, ETH Zurich. [Downloadable!]
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This page was last updated on 2009-6-30.

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