Productivity measurement issues in services industries: "Baumol's disease" has been cured
AbstractThis 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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Bibliographic InfoArticle provided by Federal Reserve Bank of New York in its journal Economic Policy Review.
Volume (Year): (2003)
Issue (Month): Sep ()
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