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Priorities and Directions for Future Productivity Research: An OECD Perspective

Author

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  • Paul Schreyer

Abstract

This article puts forward three priority areas for future productivity research. It first identifies important data gaps related to non-produced, non-financial assets such as land and sub-soil assets as the exclusion of these assets can lead to biased multifactor productivity growth estimates. It then highlights the health and education sectors as a focus for future productivity research, given the challenges of capturing quality change in these sectors as well as the public provision of much of the output and absence of market prices. Finally, it points out that research is needed on the implications of globalization on productivity measurement, giving the example of intellectual property, which is produced in one country, but used in many.

Suggested Citation

  • Paul Schreyer, 2014. "Priorities and Directions for Future Productivity Research: An OECD Perspective," International Productivity Monitor, Centre for the Study of Living Standards, vol. 27, pages 7-9, Fall.
    • Handle: RePEc:sls:ipmsls:v:27:y:2014:1
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    File URL: http://www.csls.ca/ipm/27/27-ps.pdf
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    Citations

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    Cited by:

    1. Norman Gemmell & Patrick Nolan & Grant Scobie, 2017. "Public sector productivity: Quality adjusting sector-level data on New Zealand schools," Working Papers 2017/02, New Zealand Productivity Commission.
    2. Diewert, W. Erwin & Fox, Kevin J., 2019. "Money and the Measurement of Total Factor Productivity," Journal of Financial Stability, Elsevier, vol. 42(C), pages 84-89.

    More about this item

    Keywords

    Productivity; Productivity Research; Data; Assets; Globalization; Productivity Measurement; Intellectual Property; Multifactor Productivity Growth; Multifactor Productivity; OECD;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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