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More and more analysts tend to compare the three largest economic regions: the euro area, the United States and Japan. One of the occupational hazards for analysts is that international comparisons of statistics are still fraught with some difficulties. Despite the existence of well-developed international standards for national accounts, namely the System of National Accounts 1993 (SNA 93), in practice international comparisons are
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According to the 1993 System of National Accounts (SNA93), total hours actually worked is the preferred aggregate measure of labour input for productivity analysis, as it reflects the volume of work engaged per year in self-employment and employee jobs for the production of goods and services by resident units of production. In practice, total hours of work are derived from combining available estimates of annual hours actually worked
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Capital services measures have long been recognised as the appropriate concept to capture capital input in production and productivity analysis. However, only few countries’ statistical agencies construct and publish such capital services measures. This paper describes capital services measures developed by the OECD and presents estimation methods and results for the G7 countries. By way of example, the consequences of applying
Statistics Working Paper N. 9 - 2003/6 - This paper presents the concepts underlying capital services measures, describes estimation methods and produces a first set of results. It also raises a number of outstanding conceptual issues in relation to capital services measures.
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Growth and productivity are on the policy agenda in most OECD countries. Recent OECD work has highlighted large diversities in growth and productivity as well as a range of policies that could enhance them.
Statistics Working Paper N 8 - 2003/5 - This paper examines how measurement problems affect international comparisons of labour productivity. It suggests that these measurement problems do not significantly affect the assessment of aggregate productivity patterns in the OECD area. However, these problems do influence the more detailed assessment of productivity growth, notably the role of specific sectors and demand components in
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In this issue: "Making meaning ful comparisons among very different regions"; "How to measure territorial disparities?"; "How to measure geographic concentration?"; "The way forward" and "Glossary".
This Handbook is a practical manual on the design and implementation of business tendency surveys, on the interpretation of the results from such surveys and on their use for economic analysis and forecasting.
Statistics Working Paper N. 7 - 2003/4 - This paper provides, in a summary fashion, similarities and differences in the production accounts of Canada and the United States. The discussion is limited to those issues which affect the level of output, value added and GDP, both at the total economy level and by industry or sector, all at current prices. We have noted 27 issues, distributed under four broad headings: A). An examination of