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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
Capital - in particular of the physical sort - plays several roles in economic life: it constitutes wealth and it it provides services in production processes. Capital is invested, disinvested and it depreciates and becomes obsolescent and there is a question how to measure all these dimensions of capital in industry and national accounts. This revised Capital Manual is a comprehensive guide to the approaches toward capital measurement. It gives statisticians, researchers and analysts practical advice while providing theoretical background and an overview of the relevant literature. The manual comes in three parts - a first part with a non-technical description with the main concepts and steps involved in measuring capital; a second part directed at implementation and a third part outlining theory and a more complete mathematical formulation of the measurement process.
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
Productivity measurement and analysis are the main topics addressed in this book, which brings together contributions presented and discussed in two international workshops organized by the Statistics Directorate and the Directorate for Science, Technology and Industry (DSTI) of the OECD. The first workshop was organised jointly by the OECD with Fundaccion BBVA and the Instituto Valenciano de Investigaciones Económicas and held in Madrid in October 2005, and the second one was organized jointly by the OECD and the Swiss Federal Statistical Office and the State Secretary for Economic Affairs of Switzerland and held in Bern in October 2006. The two workshops brought together representatives of statistical offices, central banks and other branches of government in OECD countries that are engaged in the analysis and the measurement of productivity developments at aggregate and industry levels.
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OECD provides three database containing data on labour productivity: • OECD Productivity Database (PD);• OECD STAN Industrial Database for Structural Analysis (STAN); and,• OECD System of Unit Labour Cost and Related Indicators (ULCRI). The objective of this paper is to give an overview of each database, explain why differences exist across data sets, and to provide direct web-links to the databases and related methodological
OECD Workshop on Productivity Analysis and Measurement is organised jointly with the Federal Statistical Office and the State Secretary for Economic Affairs of Switzerland and will be held in Bern, 16-18 October 2006.
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Difference between the rate of change of output and the rate of change of total inputs. Presented as index and as a rate of change. Price indices for information and communication technology assets are those published by the U.S. Bureau of Economic Analysis, corrected for overall inflation.
OECD workshop on Productivity Measurement organised jointly with the Instituto Valanciano de Investigaciones Economicas (Ivie), held in Madrid, Spain, on 17-19 October 2005. A growing number of statistical offices in the OECD area have recently become engaged in the measurement of productivity. This work is raising many new questions for measurement, including the possible approaches to developing measures of aggregate productivity
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Methodological note describing the OECD estimates of productivity levels and the differences between previously published OECD estimates and current estimates.