The OECD Productivity Manual: A Guide to the Measurement of Industry-Level and Aggregate Productivity

Paul Schreyer ()

International Productivity Monitor, 2001, vol. 2, 37-51

Abstract: The measurement of productivity is a complex task. The OECD has recently released a comprehensive manual or guide to the measurement of industry-level and aggregate productivity. In the fifth article, Paul Schreyer from the OECD and the author of the OECD productivity manual provides an overview of the manual. He highlights a number of the key issues addressed in the manual, including: the choice of gross output versus value added productivity measures; the need for independence of output from input measures; the importance of adjusting for quality change in existing goods and accounting for new goods in price indices; methods of capturing the skill composition of labour; measurement of capital input; and the interpretation of productivity measures. In terms of the research and development agenda for productivity statistics, Schreyer identifies four priorities: better price indices for output measures by industry, particularly for high technology industries and difficult-to-measure services industries; better data on hours worked by industry; improvement in the quality of data on capital input; and improved input-output tables.

Keywords: Productivity; Productivity Measurement; Measurement; Industry-level; Aggregate; OECD; Choice; Gross Output; Value Added; Input; Quality; Price; Skills; Labour; Labor; Interpretation; Statistics; Capital; Research; OECD Productivity Manual (search for similar items in EconPapers)
JEL-codes: B41 C81 C82 D24 D57 J24 O47 (search for similar items in EconPapers)
Date: 2001
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (100)

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