Date of release: 21 December 2012
|The 2012 OECD Compendium of Productivity indicators presents a broad overview of recent and longer term trends in productivity levels and growth in OECD countries. It also highlights some of the key measurement issues faced when compiling cross-country comparable productivity indicators and describes the caveats needed in analyses. It analyses the role of productivity as the main driver of economic growth and convergence and the contributions of labour, capital and Multi-Factor Productivity (MFP) in driving economic growth. It looks at the contribution of individual industries or sectors as well as the role of firm size and business dynamics for productivity growth. It analyses the link between productivity, unit labour costs and international competitiveness. And it asks what determines the cyclical patterns of labour and MFP growth. It mainly draws on the OECD Productivity Database and OECD Productivity Database by Industry, but also on other sources such as the OECD STAN database for Structural Analysis, which enables productivity calculations for individual industries, the OECD Unit Labour Costs and the OECD Structural and Demographic Business Statistics.
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