Can Measurement Error Explain the Productivity Paradox?
AbstractWhile it is widely acknowledge that enormous productivity gains have been achieved through the use of modern technology such as computers, measured productivity growth has been lower in industrialized countries in the last 25 years compared to the previous 50 years. Many authors have argued that measurement error cannot possibly explain this productivity paradox. We give several reasons why it can, including an explanation for the rapid productivity slowdown in the early 1970s, and the lack of a subsequent recovery of measured productivity growth.
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Bibliographic InfoPaper provided by UBC Department of Economics in its series UBC Departmental Archives with number 98-04.
Length: 31 pages
Date of creation: 1998
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- W. Erwin Diewert & Kevin J. Fox, 1999. "Can measurement error explain the productivity paradox?," Canadian Journal of Economics, Canadian Economics Association, vol. 32(2), pages 251-280, April.
- C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
- M41 - Business Administration and Business Economics; Marketing; Accounting - - Accounting - - - Accounting
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