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Priorities and Directions for Future Productivity Research: Health Care, Intangible Capital and High-tech

Author

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  • Dan Sichel

Abstract

This article identifies health care, intangible capital, and the high-tech sector as priority areas for productivity research. In terms of health care, it highlights the importance of getting prices right and the key role that a satellite account for health care can play for productivity measurement. Regarding intangible capital, it stresses the importance of developing better price deflators for investment in tangible capital as well as better depreciation rates. Finally, it notes that because of the rapidly changing nature of the hightech sector measurement issues remain a priority.

Suggested Citation

  • Dan Sichel, 2014. "Priorities and Directions for Future Productivity Research: Health Care, Intangible Capital and High-tech," International Productivity Monitor, Centre for the Study of Living Standards, vol. 27, pages 14-16, Fall.
    • Handle: RePEc:sls:ipmsls:v:27:y:2014:3
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    File URL: http://www.csls.ca/ipm/27/27-ds.pdf
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    More about this item

    Keywords

    Health Care; Intangible Capital; High-tech Sector; Productivity; Productivity Research; Productivity Measurement;
    All these keywords.

    JEL classification:

    • I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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