IDEAS home Printed from https://ideas.repec.org/h/nbr/nberch/0886.html
   My bibliography  Save this book chapter

A Consistent Accounting of U.S. Productivity Growth

In: Hard-to-Measure Goods and Services: Essays in Honor of Zvi Griliches

Author

Listed:
  • Eric J. Bartelsman
  • J. Joseph Beaulieu

Abstract

This paper is an exploration in the relative performance and sources of productivity growth of U.S. private businesses across industries and legal structure. In order to assemble the disparate data from various sources to develop a coherent productivity database, we developed a general system to manage data. The paper describes this system and then applies it by building such a database. The paper presents updated estimates of gross output, intermediate input use, and value added using the BEA's GPO data set. It supplements these data with estimates of missing data on intermediate input use and prices for the 1977-1986 period, and it concords these data, which are organized on a 1972 SIC basis, to the 1987 SIC in order to have consistent time series covering the last twenty-four years. It further refines these data by disaggregating them by legal form of organization. The paper also presents estimates of labor hours, labor quality, investment, capital services and, consequently, multifactor productivity disaggregated by industry and legal form of organization, and it analyzes the contribution of various industries and business organizations to aggregate productivity. The paper also reconsiders these estimates in light of the surge in spending in advance of the century-date change.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Eric J. Bartelsman & J. Joseph Beaulieu, 2007. "A Consistent Accounting of U.S. Productivity Growth," NBER Chapters,in: Hard-to-Measure Goods and Services: Essays in Honor of Zvi Griliches, pages 449-482 National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberch:0886
    as

    Download full text from publisher

    File URL: http://www.nber.org/chapters/c0886.pdf
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    as
    1. Weale, Martin, 1985. "Testing Linear Hypotheses on National Account Data," The Review of Economics and Statistics, MIT Press, vol. 67(4), pages 685-689, November.
    2. Daniel Aaronson & Daniel G. Sullivan, 2002. "Growth in worker quality," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue Feb.
    3. Parikh, Ashok, 1979. "Forecasts of Input-Output Matrices Using the R.A.S. Method," The Review of Economics and Statistics, MIT Press, vol. 61(3), pages 477-481, August.
    4. Miron, Jeffrey A. & Zeldes, Stephen P., 1989. "Production, sales, and the change in inventories : An identity that doesn't add up," Journal of Monetary Economics, Elsevier, vol. 24(1), pages 31-51, July.
    5. Lawrence Slifman & Carol Corrado, 1999. "Decomposition of Productivity and Unit Costs," American Economic Review, American Economic Association, vol. 89(2), pages 328-332, May.
    6. Richard Stone & D. G. Champernowne & J. E. Meade, 1942. "The Precision of National Income Estimates," Review of Economic Studies, Oxford University Press, vol. 9(2), pages 111-125.
    7. Charles R. Hulten, 1978. "Growth Accounting with Intermediate Inputs," Review of Economic Studies, Oxford University Press, vol. 45(3), pages 511-518.
    8. Eric J. Bartelsman & Wayne Gray, 1996. "The NBER Manufacturing Productivity Database," NBER Technical Working Papers 0205, National Bureau of Economic Research, Inc.
    9. Dale W. Jorgenson & Kevin J. Stiroh, 2000. "Raising the Speed Limit: U.S. Economic Growth in the Information Age," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 31(1), pages 125-236.
    10. Golan, Amos & Judge, George & Robinson, Sherman, 1994. "Recovering Information from Incomplete or Partial Multisectoral Economic Data," The Review of Economics and Statistics, MIT Press, vol. 76(3), pages 541-549, August.
    11. Griliches, Zvi, 1986. "Economic data issues," Handbook of Econometrics,in: Z. Griliches† & M. D. Intriligator (ed.), Handbook of Econometrics, edition 1, volume 3, chapter 25, pages 1465-1514 Elsevier.
    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.
    as


    Cited by:

    1. J. Joseph Beaulieu & Eric J. Bartelsman, 2006. "Integrating Expenditure and Income Data: What to Do with the Statistical Discrepancy?," NBER Chapters,in: A New Architecture for the U.S. National Accounts, pages 309-354 National Bureau of Economic Research, Inc.
    2. Desmet, Klaus & Rossi-Hansberg, Esteban, 2009. "Spatial growth and industry age," Journal of Economic Theory, Elsevier, vol. 144(6), pages 2477-2502, November.
    3. Carol Corrado & Paul Lengermann & Larry Slifman, 2009. "The Contribution of Multinational Corporations to U.S. Productivity Growth, 1977-2000," NBER Chapters,in: International Trade in Services and Intangibles in the Era of Globalization, pages 331-360 National Bureau of Economic Research, Inc.
    4. Hugh Rockoff, 2008. "Great Fortunes of the Gilded Age," NBER Working Papers 14555, National Bureau of Economic Research, Inc.
    5. Strobel, Thomas, 2016. "ICT intermediates and productivity spillovers—Evidence from German and US manufacturing sectors," Structural Change and Economic Dynamics, Elsevier, vol. 37(C), pages 147-163.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nbr:nberch:0886. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (). General contact details of provider: http://edirc.repec.org/data/nberrus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.