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What Is To Be Done for Better productivity Measurement

Author

Listed:
  • Erwin Diewert

Abstract

The first section of the article reviews general measurement problems associated with measuring sectoral total factor productivity. Secondly, the article argues that the production accounts in the present System of National Accounts (SNA) need to be extended somewhat in order to be suitable as a data base for measuring sectoral productivity growth rates. In particular, the treatment of exports, imports and indirect taxes is not completely adequate for productivity measurement purposes in the present SNA. Finally, the article makes some specific suggestions to statistical agencies that would lead to better productivity measurement. In particular, balance sheet information needs to be improved and made available to the public. Moreover, the balance sheet information needs to be integrated with sectoral measures of capital service inputs.

Suggested Citation

  • Erwin Diewert, 2008. "What Is To Be Done for Better productivity Measurement," International Productivity Monitor, Centre for the Study of Living Standards, vol. 16, pages 40-52, Spring.
  • Handle: RePEc:sls:ipmsls:v:16:y:2008:3
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    References listed on IDEAS

    as
    1. Jorgenson, Dale W & Fraumeni, Barbara M, 1992. " Investment in Education and U.S. Economic Growth," Scandinavian Journal of Economics, Wiley Blackwell, vol. 94(0), pages 51-70, Supplemen.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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    Cited by:

    1. Robert Inklaar & Marcel P. Timmer, 2012. "Productivity Convergence Across Industries and Countries: The Importance of Theory-based Measurement," Chapters,in: Industrial Productivity in Europe, chapter 11 Edward Elgar Publishing.
    2. repec:dgr:rugggd:gd-102 is not listed on IDEAS
    3. Susanto Basu & Robert Inklaar & J. Christina Wang, 2011. "The Value Of Risk: Measuring The Service Output Of U.S. Commercial Banks," Economic Inquiry, Western Economic Association International, vol. 49(1), pages 226-245, January.
    4. Robert Inklaar, 2010. "The Sensitivity Of Capital Services Measurement: Measure All Assets And The Cost Of Capital," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 56(2), pages 389-412, June.
    5. repec:dgr:rugggd:gd-109 is not listed on IDEAS
    6. repec:rss:jnljms:v5i3p4 is not listed on IDEAS
    7. repec:dgr:rugggd:gd-137 is not listed on IDEAS
    8. López-Pueyo, Carmen & Mancebón, María-Jesús, 2010. "Innovation, accumulation and assimilation: Three sources of productivity growth in ICT industries," Journal of Policy Modeling, Elsevier, vol. 32(2), pages 268-285, March.
    9. Marcel P. Timmer & Ilya B. Voskoboynikov, 2014. "Is Mining Fuelling Long-Run Growth in Russia? Industry Productivity Growth Trends Since 1995," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 60(S2), pages 398-422, November.
    10. repec:dgr:rugggd:gd-103 is not listed on IDEAS
    11. Robert Inklaar & Marcel P. Timmer & Bart van Ark, 2008. "Data for Productivity Measurement in Market Services: An International Comparison," International Productivity Monitor, Centre for the Study of Living Standards, vol. 16, pages 72-81, Spring.
    12. Vicente Royuela & Jordi Suriñach, 2013. "Quality of Work and Aggregate Productivity," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 113(1), pages 37-66, August.

    More about this item

    Keywords

    National accounts; SNA; Sectoral productivity; Productivity growth; economic measurements; input-output tables; Growth accounting;

    JEL classification:

    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • F19 - International Economics - - Trade - - - Other
    • J82 - Labor and Demographic Economics - - Labor Standards - - - Labor Force Composition
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O51 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada

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