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What Is To Be Done for Better productivity Measurement

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  • Erwin Diewert

Abstract

The first section of the article reviews general measurement problems associated with measuring sectoral total factor productivity. Secondly, the article argues that the production accounts in the present System of National Accounts (SNA) need to be extended somewhat in order to be suitable as a data base for measuring sectoral productivity growth rates. In particular, the treatment of exports, imports and indirect taxes is not completely adequate for productivity measurement purposes in the present SNA. Finally, the article makes some specific suggestions to statistical agencies that would lead to better productivity measurement. In particular, balance sheet information needs to be improved and made available to the public. Moreover, the balance sheet information needs to be integrated with sectoral measures of capital service inputs.

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File URL: http://www.csls.ca/ipm/16/IPM-16-diewert-e.pdf
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Bibliographic Info

Article provided by Centre for the Study of Living Standards in its journal International Productivity Monitor.

Volume (Year): 16 (2008)
Issue (Month): (Spring)
Pages: 40-52

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Handle: RePEc:sls:ipmsls:v:16:y:2008:3

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Related research

Keywords: National accounts; SNA; Sectoral productivity; Productivity growth; economic measurements; input-output tables; Growth accounting;

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  1. Jorgenson, Dale W & Fraumeni, Barbara M, 1992. " Investment in Education and U.S. Economic Growth," Scandinavian Journal of Economics, Wiley Blackwell, vol. 94(0), pages S51-70, Supplemen.
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Cited by:
  1. Vicente Royuela & Jordi Suriñach, 2013. "Quality of Work and Aggregate Productivity," Social Indicators Research, Springer, vol. 113(1), pages 37-66, August.
  2. Robert Inklaar & Marcel P. Timmer & Bart van Ark, 2008. "Data for Productivity Measurement in Market Services: An International Comparison," International Productivity Monitor, Centre for the Study of Living Standards, vol. 16, pages 72-81, Spring.
  3. Susanto Basu & Robert Inklaar & J. Christina Wang, 2011. "The Value Of Risk: Measuring The Service Output Of U.S. Commercial Banks," Economic Inquiry, Western Economic Association International, vol. 49(1), pages 226-245, 01.
  4. López-Pueyo, Carmen & Mancebón, María-Jesús, 2010. "Innovation, accumulation and assimilation: Three sources of productivity growth in ICT industries," Journal of Policy Modeling, Elsevier, vol. 32(2), pages 268-285, March.
  5. Timmer , Marcel P. & Voskoboynikov , Ilya B., 2013. "Is mining fuelling long-run growth in Russia? Industry productivity growth trends since 1995," BOFIT Discussion Papers 19/2013, Bank of Finland, Institute for Economies in Transition.

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