The OECD Productivity Manual: A Guide to the Measurement of Industry-Level and Aggregate Productivity
AbstractThe measurement of productivity is a complex task. The OECD has recently released a comprehensive manual or guide to the measurement of industry-level and aggregate productivity. In the fifth article, Paul Schreyer from the OECD and the author of the OECD productivity manual provides an overview of the manual. He highlights a number of the key issues addressed in the manual, including: the choice of gross output versus value added productivity measures; the need for independence of output from input measures; the importance of adjusting for quality change in existing goods and accounting for new goods in price indices; methods of capturing the skill composition of labour; measurement of capital input; and the interpretation of productivity measures. In terms of the research and development agenda for productivity statistics, Schreyer identifies four priorities: better price indices for output measures by industry, particularly for high technology industries and difficult-to-measure services industries; better data on hours worked by industry; improvement in the quality of data on capital input; and improved input-output tables.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Centre for the Study of Living Standards in its journal International Productivity Monitor.
Volume (Year): 2 (2001)
Issue (Month): (Spring)
Find related papers by JEL classification:
- B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
- C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
- C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Stefano Scarpetta & Andrea Bassanini & Dirk Pilat & Paul Schreyer, 2000. "Economic Growth in the OECD Area: Recent Trends at the Aggregate and Sectoral Level," OECD Economics Department Working Papers 248, OECD Publishing.
- Charles R. Hulten, 2001. "Total Factor Productivity. A Short Biography," NBER Chapters, in: New Developments in Productivity Analysis, pages 1-54 National Bureau of Economic Research, Inc.
- Diewert, W E, 1992. "The Measurement of Productivity," Bulletin of Economic Research, Wiley Blackwell, vol. 44(3), pages 163-98, July.
- Nicholas Oulton, 2005.
"Ex Post Versus Ex Ante Measures of the User Cost of Capital,"
CEP Discussion Papers
dp0698, Centre for Economic Performance, LSE.
- Nicholas Oulton, 2007. "Ex Post Versus Ex Ante Measures Of The User Cost Of Capital," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 53(2), pages 295-317, 06.
- Nicholas Oulton, 2005. "Ex post versus ex ante measures of the user cost of capital," LSE Research Online Documents on Economics 19885, London School of Economics and Political Science, LSE Library.
- W. Erwin Diewert, 2003. "Measuring Capital," NBER Working Papers 9526, National Bureau of Economic Research, Inc.
- Dale W. Jorgenson & Mun S. Ho & Kevin J. Stiroh, 2005.
"Growth of U.S. Industries and Investments in Information Technology and Higher Education,"
in: Measuring Capital in the New Economy, pages 403-478
National Bureau of Economic Research, Inc.
- Dale Jorgenson & Mun Ho & Kevin Stiroh, 2003. "Growth of US Industries and Investments in Information Technology and Higher Education," Economic Systems Research, Taylor & Francis Journals, vol. 15(3), pages 279-325.
- Nicholas Oulton & Sylaja Srinivasan, 2005. "Productivity growth in UK industries, 1970-2000: structural change and the role of ICT," Bank of England working papers 259, Bank of England.
- Dirk Pilat, 2001. "Productivity Growth in the OECD Area: Some Recent Findings," International Productivity Monitor, Centre for the Study of Living Standards, vol. 3, pages 32-44, Fall.
- Edquist, Harald, 2005.
"The Swedish ICT miracle -- myth or reality?,"
Information Economics and Policy,
Elsevier, vol. 17(3), pages 275-301, July.
- Edquist, Harald, 2004. "The Swedish ICT Miracle - Myth or Reality," Working Paper Series in Economics and Finance 556, Stockholm School of Economics, revised 29 Mar 2004.
- Edquist, Harald, 2004. "The Swedish ICT miracle: myth or reality?," GGDC Research Memorandum 200472, Groningen Growth and Development Centre, University of Groningen.
- Diewert, Erwin, 2007. "The Paris OECD-IMF Workshop on Real Estate Price Indexes: Conclusions and Future Directions," Economics working papers diewert-07-01-03-08-12-12, Vancouver School of Economics, revised 31 Jan 2007.
- Diewert, Erwin, 2008. "Changes in the Terms of Trade and Canada's Productivity Performance," Economics working papers diewert-08-03-11-11-03-49, Vancouver School of Economics, revised 18 Jul 2008.
- Nicholas Oulton & Sylaja Srinivasan, 2003. "Capital stocks, capital services, and depreciation: an integrated framework," Bank of England working papers 192, Bank of England.
- Haskel, J & Corrado, C & Jona-Lasinio, C & Iommi, M, 2013. "Innovation and intangible investment in Europe, Japan and the US," Working Papers 11139, Imperial College, London, Imperial College Business School.
- Diewert, Erwin & Shimizu, Chihiro, 2014. "Alternative Approaches to Commercial Property Price Indexes for Tokyo," Economics working papers erwin_diewert-2014-34, Vancouver School of Economics, revised 14 Jul 2014.
- John R. Baldwin & Tarek Harchaoui, 2005.
"The Integration of the Canadian Productivity Accounts within the System of National Accounts: Current Status and Challenges Ahead,"
NBER Working Papers
11107, National Bureau of Economic Research, Inc.
- John R. Baldwin & Tarek M. Harchaoui, 2006. "The Integration of the Canadian Productivity Accounts within the System of National Accounts: Current Status and Challenges Ahead," NBER Chapters, in: A New Architecture for the U.S. National Accounts, pages 439-470 National Bureau of Economic Research, Inc.
- Baldwin, John R. & Harchaoui, Tarek, 2005. "The Integration of the Canadian Productivity Accounts Within the System of National Accounts: Current Status and Challenges Ahead," Economic Analysis Methodology Paper Series: National Accounts 2005004e, Statistics Canada, Economic Analysis.
- Jeremy Smith, 2003. "International Productivity Comparisons: An Examination of Data Sources," International Productivity Monitor, Centre for the Study of Living Standards, vol. 6, pages 64-71, Spring.
- Troy Matheson, 2006. "A more flexible decomposition of productivity growth," Applied Economics Letters, Taylor & Francis Journals, vol. 13(11), pages 695-698.
- Jeremy Smith, 2004. "Aggregate Labour Productivity Growth in Canada and the United States: Definitions, Trends and Measurement Issues," CSLS Research Reports 2004-04, Centre for the Study of Living Standards.
- Tarkhani, Faouzi & Jean, Jimmy & Harchaoui, Tarek, 2003. "Prosperity and Productivity: A Canada-Australia Comparison," Economic Analysis (EA) Research Paper Series 2003018e, Statistics Canada, Analytical Studies Branch.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Whitney Hamilton) The email address of this maintainer does not seem to be valid anymore. Please ask Whitney Hamilton to update the entry or send us the correct address.
If references are entirely missing, you can add them using this form.