Growth in OECD Unit Labour Costs picks up to 0.5% in the second quarter of 2016
Productivity growth – the central driver of rising economic output and material living standards – has been slowing in many advanced and emerging economies in the wake of the crisis, according to new data released today in the OECD Compendium of Productivity Indicators.
The aim of this OECD workshop on productivity is to examine the role of productivity for growth, including in recovering from the crisis; explore key measurement challenges; assess the determinants of productivity growth and explore the role of policies in shaping productivity performance across countries.
Statistics Working Paper N. 45- 2012/2 - This Statistics Working Paper, based on a production-theoretic framework, measures the effects of real output prices, primary inputs, multi-factor productivity growth, and depreciation on Korea’s real net income growth over the past 30 years. The empirical analysis is based on a new dataset for Korea with detailed information on labour and capital inputs, including series on land and
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This paper presents the methodology and data sources used in the PDBi. There are also first results on labour productivity and MFP by industry, and growth accounts. Finally, the document indicates how to access PDB and PDBi series.
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Chapter 2, pp. 13-40 in W.E. Diewert, B.M. Balk, D. Fixler, K.J. Fox and A.O. Nakamura (2010), PRICE AND PRODUCTIVITY MEASUREMENT: Volume 6 -- Index Number Theory. Trafford Press. - This paper examined productivity and growth accounting measures when rates of return to capital inputs are exogenously determined. Several hypotheses about competition on output markets and about technology are invoked, each of which is compatible with
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Capital stock data at OECD - Status and Outlook
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