Some new international comparisons of productivity performance at the sectoral level
We present several new measures of gross-output-based total factor productivity (TFP) at the sectoral level for manufacturing industries in the G-7 economies. We calculate measures of both TFP growth and comparative levels. These are obtained by combining conventional Organisation for Economic Co-operation and Development sectoral data on labour and capital inputs with data on intermediate inputs from national input-output tables. Additionally, we derive cyclically corrected measures of TFP growth. Our evidence shows that the considerable gap in TFP between the USA and other G-7 economies is closing but remains significant. Copyright 2003 Royal Statistical Society.
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Volume (Year): 166 (2003)
Issue (Month): 1 ()
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