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Productivity: An International Comparison

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  • Hyvärinen, Jari
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    Abstract

    This study conducts an international comparison of productivity and profitability. First, the level and growth of productivity are compared in OECD countries for the period from 1975 to 2009. According to this comparison, productivity growth has been faster in the key Finnish sectors com-pared with Finland’s competitors. One of the main engines of growth since 1995 has been the ICT revolution. Second, the profitability of industries is calculated for 2007. Profitability is divided into productivity, prices and labour compensation. The results show that profitability in Finnish manufacturing is competitive because of the high productivity level in 2007. However, the measurement of profitability and the quality of price components require further research.

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    File URL: http://www.etla.fi/wp-content/uploads/2012/09/dp1264.pdf
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    Bibliographic Info

    Paper provided by The Research Institute of the Finnish Economy in its series Discussion Papers with number 1264.

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    Length: 24 pages
    Date of creation: 2012
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    Handle: RePEc:rif:dpaper:1264

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    Keywords: productivity; profitability; prices; labour compensation;

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    1. Maliranta, Mika & Rouvinen, Petri, 2004. "Informational Mobility and Productivity - Finnish Evidence," Discussion Papers, The Research Institute of the Finnish Economy 919, The Research Institute of the Finnish Economy.
    2. Timmer, Marcel P. & Ypma, Gerard, 2006. "Productivity Levels in Distributive Trades: A New ICOP Dataset for OECD Countries," GGDC Research Memorandum GD-83, Groningen Growth and Development Centre, University of Groningen.
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