Long abstract

The real economy and the crisis: revisiting productivity fundamentals

Discussions about the current crisis often present events in a sequence, such as that the US sub-prime crisis in August 2007 triggered a major inter-bank credit crisis, which transformed itself into a general credit crisis, the latter having an impact on the real economy and overall business and consumer confidence. However, some commentators have made reference to other explanations, more linked to the evolution of economic fundamentals.

Just Released

This compendium presents a large number of indicators on productivity and includes methodological notes which describe the measurement challenges, data choices, and remaining measurement problems.

OECD Compendium of Productivity Indicators 2008

OECD Productivity Manual

This is the first comprehensive guide to the various productivity measures and addresses statisticians, researchers and analysts who are involved in constructing industry-level productivity indicators.

OECD Productivity Manual: A Guide to the Measurement of Industry-Level and Aggregate Productivity Growth