Challenges For Productivity Measurement In OECD Countries

Topics:
Organization
Tags:
Finance,
Income,
OECD,
Operational Accounting,
Productivity Growth
Source:
Organisation for Economic Co-operation and Development (OECD)

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Overview: Productivity growth is the basis for improvements in real incomes and welfare. Slow productivity growth limits the rate at which real incomes can improve, and also increases the likelihood of conflicting demands concerning the distribution of income. Measures of productivity growth and of productivity levels therefore constitute important economic indicators. This paper highlights some key measurement issues associated with productivity growth with a brief review of the theoretical foundations for labour productivity and multi-factor productivity measures, and then goes on to discuss measurement of output, labour and capital inputs and finally discusses the interpretation of measures of productivity growth.

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Format: PDF | Size: 164KB | Date: Dec 2004 | Pages: 19

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