A consistent accounting of U.S. productivity growth
AbstractThis paper is an exploration in the relative performance and sources of productivity growth of U.S. private businesses across industries and legal structure. In order to assemble the disparate data from various sources to develop a coherent productivity database, we developed a general system to manage data. The paper describes this system and then applies it by building such a database. The paper presents updated estimates of gross output, intermediate input use, and value added using the BEA's GPO data set. It supplements these data with estimates of missing data on intermediate input use and prices for the 1977-1986 period, and it concords these data, which are organized on a 1972 SIC basis, to the 1987 SIC in order to have consistent time series covering the last twenty-four years. It further refines these data by disaggregating them by legal form of organization. The paper also presents estimates of labor hours, labor quality, investment, capital services and, consequently, multifactor productivity disaggregated by industry and legal form of organization, and it analyzes the contribution of various industries and business organizations to aggregate productivity. The paper also reconsiders these estimates in light of the surge in spending in advance of the century-date change.
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 InfoPaper provided by Board of Governors of the Federal Reserve System (U.S.) in its series Finance and Economics Discussion Series with number 2004-55.
Date of creation: 2004
Date of revision:
Other versions of this item:
- Eric J. Bartelsman & J. Joseph Beaulieu, 2007. "A Consistent Accounting of U.S. Productivity Growth," NBER Chapters, in: Hard-to-Measure Goods and Services: Essays in Honor of Zvi Griliches, pages 449-482 National Bureau of Economic Research, Inc.
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.:
- Dale W. Jorgenson & Kevin J. Stiroh, 2000.
"Raising the Speed Limit: US Economic Growth in the Information Age,"
OECD Economics Department Working Papers
261, OECD Publishing.
- Dale W. Jorgenson & Kevin J. Stiroh, 2000. "Raising the Speed Limit: U.S. Economic Growth in the Information Age," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 31(1), pages 125-236.
- Jeffrey A. Miron & Stephen P. Zeldes, .
"Production, Sales and the Change in Inventories: An Identity that Doesn't Add Up,"
Rodney L. White Center for Financial Research Working Papers
20-87, Wharton School Rodney L. White Center for Financial Research.
- Miron, Jeffrey A. & Zeldes, Stephen P., 1989. "Production, sales, and the change in inventories : An identity that doesn't add up," Journal of Monetary Economics, Elsevier, vol. 24(1), pages 31-51, July.
- Jeffrey A. Miron & Stephen P. Zeldes, 1989. "Production, Sales, and the Change in Inventories: An Identity That Doesn`t Add Up," NBER Working Papers 2765, National Bureau of Economic Research, Inc.
- Hulten, Charles R, 1978. "Growth Accounting with Intermediate Inputs," Review of Economic Studies, Wiley Blackwell, vol. 45(3), pages 511-18, October.
- Eric J. Bartelsman & Wayne Gray, 1996. "The NBER Manufacturing Productivity Database," NBER Technical Working Papers 0205, National Bureau of Economic Research, Inc.
- L. Slifman & C. Corrado, 1996.
"Decomposition of productivity and unit costs,"
1, Board of Governors of the Federal Reserve System (U.S.).
- Golan, Amos & Judge, George & Robinson, Sherman, 1994. "Recovering Information from Incomplete or Partial Multisectoral Economic Data," The Review of Economics and Statistics, MIT Press, vol. 76(3), pages 541-49, August.
- Weale, Martin, 1985. "Testing Linear Hypotheses on National Account Data," The Review of Economics and Statistics, MIT Press, vol. 67(4), pages 685-89, November.
- Griliches, Zvi, 1986. "Economic data issues," Handbook of Econometrics, in: Z. Griliches† & M. D. Intriligator (ed.), Handbook of Econometrics, edition 1, volume 3, chapter 25, pages 1465-1514 Elsevier.
- Daniel Aaronson & Daniel Sullivan, 2002.
"Growth in worker quality,"
Chicago Fed Letter,
Federal Reserve Bank of Chicago, issue Feb.
- Parikh, Ashok, 1979. "Forecasts of Input-Output Matrices Using the R.A.S. Method," The Review of Economics and Statistics, MIT Press, vol. 61(3), pages 477-81, August.
- J. Joseph Beaulieu & Eric J. Bartelsman, 2006.
"Integrating Expenditure and Income Data: What to Do with the Statistical Discrepancy?,"
in: A New Architecture for the U.S. National Accounts, pages 309-354
National Bureau of Economic Research, Inc.
- J. Joseph Beaulieu & Eric J. Bartelsman, 2004. "Integrating Expenditure and Income Data: What to do with the Statistical Discrepancy?," Tinbergen Institute Discussion Papers 04-078/3, Tinbergen Institute.
- J. Joseph Beaulieu & Eric J. Bartelsman, 2004. "Integrating expenditure and income data: what to do with the statistical discrepancy?," Finance and Economics Discussion Series 2004-39, Board of Governors of the Federal Reserve System (U.S.).
- Desmet, Klaus & Rossi-Hansberg, Esteban, 2009.
"Spatial growth and industry age,"
Open Access publications from Universidad Carlos III de Madrid
info:hdl:10016/4804, Universidad Carlos III de Madrid.
- Hugh Rockoff, 2008. "Great Fortunes of the Gilded Age," NBER Working Papers 14555, National Bureau of Economic Research, Inc.
- Carol Corrado & Paul Lengermann & Larry Slifman, 2009.
"The Contribution of Multinational Corporations to U.S. Productivity Growth, 1977-2000,"
in: International Trade in Services and Intangibles in the Era of Globalization, pages 331-360
National Bureau of Economic Research, Inc.
- Carol Corrado & Paul Lengermann & Larry Slifman, 2007. "The contribution of multinational corporations to U.S. productivity growth, 1977-2000," Finance and Economics Discussion Series 2007-21, Board of Governors of the Federal Reserve System (U.S.).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Kris Vajs) The email address of this maintainer does not seem to be valid anymore. Please ask Kris Vajs to update the entry or send us the correct address.
If references are entirely missing, you can add them using this form.