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Productivity: An International Comparison

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  • Hyvärinen, Jari

Abstract

This study conducts an international comparison of productivity and profitability. First, the level and growth of productivity are compared in OECD countries for the period from 1975 to 2009. According to this comparison, productivity growth has been faster in the key Finnish sectors com-pared with Finlands competitors. One of the main engines of growth since 1995 has been the ICT revolution. Second, the profitability of industries is calculated for 2007. Profitability is divided into productivity, prices and labour compensation. The results show that profitability in Finnish manufacturing is competitive because of the high productivity level in 2007. However, the measurement of profitability and the quality of price components require further research.

Suggested Citation

  • Hyvärinen, Jari, 2012. "Productivity: An International Comparison," Discussion Papers 1264, The Research Institute of the Finnish Economy.
  • Handle: RePEc:rif:dpaper:1264
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    File URL: http://www.etla.fi/wp-content/uploads/2012/09/dp1264.pdf
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    References listed on IDEAS

    as
    1. Mika Maliranta & Petri Rouvinen, 2006. "Informational mobility and productivity: Finnish evidence," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 15(6), pages 605-616.
    2. Timmer, Marcel P. & Ypma, Gerard, 2006. "Productivity Levels in Distributive Trades: A New ICOP Dataset for OECD Countries," GGDC Research Memorandum GD-83, Groningen Growth and Development Centre, University of Groningen.
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    More about this item

    Keywords

    productivity; profitability; prices; labour compensation;

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • 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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