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Table Of Contents

1. INTRODUCTION
1.1. Objectives
1.2. Coverage and structure of the manual
2. OVERVIEW OF PRODUCTIVITY MEASURES
2.1. Purposes of productivity measurement
2.2. Main types of productivity measures
2.3. A short guide to some productivity measures
2.4. Growth accounting and main assumptions underlying the conceptual framework
Box 1. The econometric approach to productivity measurement
2.5. Some conclusions
2.5.1.Use and interpretation of productivity measures8
2.5.2.Challenges for statisticians
3.1. Gross-output and value-added based productivity
3.1.1.Definitions
3.1.2.Production functions, gross output and value added
3.1.3.Intra-industry flows of products
3.2. Depreciation
3.3. Quantity measures of output
3.3.1.Deflation of value added
3.3.2.The need for independent estimates
3.3.3.Quality change and new products
Box 2. Hedonic price indices
3.4. Statistical sources and statistical units
4. LABOUR INPUT
4.1. Choice of units
4.2. Statistical sources27
4.3. Measuring hours worked
4.4. Labour compensation and labour shares
Box 3. Quality adjustment of labour input in Denmark
5. CAPITAL INPUT
5.1. Introduction
5.2. Overview
Box 4. Capital measures in the United States
Box 5. Capital measures in Canada
Box 6. Capital measures in Australia
5.3.Measurement of the productive stock and of capital services
5.4. Measurement of user costs
5.4.1.Age-price profiles, net stock and depreciation
5.4.2. Nominal rate of return and capital gains/losses
5.5. Aggregation across assets
5.6. Capital utilisation
5.7. Scope of capital investments
6. INTERMEDIATE INPUT AND VALUATION
6.1. Input-output tables
6.2. Valuation
7. INDEX NUMBERS
7.1. Chained and direct comparisons
Box 7. Chain and fixed-weight index numbers in national accounts
7.2. Choice of index number formula
Box 8. Superlative indices of inputs and outputs
7.3. A digression: from Malmquist to Törnqvist
8. AGGREGATING PRODUCTIVITY GROWTH ACROSS INDUSTRIES
8.1. Integration, aggregation and intermediate inputs
8.2. Domar weights: aggregation of KLEMS measures
8.3. Weighted averages: aggregation of value-added based productivity
9. IMPLEMENTATION GUIDE
10. INTERPRETATION OF PRODUCTIVITY MEASURES
10.1.Technology and productivity measures: some links
10.2.Productivity growth as cost reduction
10.3.Productivity measures over the business cycle
10.4.Industry and firm-level productivity growth
10.5.Innovation and productivity measurement
LINKS AND REFERENCES TO NATIONAL PRODUCTIVITY STATISTICS
PRODUCTIVITY MEASUREMENT IN A GROWTH-ACCOUNTING FRAMEWORK
AGGREGATION OF OUTPUT, INPUTS AND PRODUCTIVITY
REFERENCES AND BIBLIOGRAPHY
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Services Productivity

Services Productivity

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Published by: jchk08 on Jul 27, 2011
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04/26/2013

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