Productivity Statistics: Sources And Methods
- Topics:
- Organization
- Tags:
- Management,
- Output,
- Statistics New Zealand,
- Strategy
- Source:
- Statistics New Zealand
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Overview: Productivity is a measure of how efficiently inputs (labour and capital, for example) are being used in the economy to produce outputs. It is commonly defined as a ratio of a volume measure of output to a volume measure of input use. Movements in the ratio over time reflect changes in the conversion of inputs into outputs. An increase in the index signals that relatively more output is being produced per unit of input and this can generally be thought of as an increase in productivity and vice versa. This paper details the methods used in the construction of: A Labour Volume Series (LVS) at industry level, and a labour input index for the measured sector, for the years 1988 to 2006.
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Format: PDF | Size: 269KB | Date: Mar 2007 | Pages: 39
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