Can Measurement Error Explain the Productivity Paradox?

Walter Erwin Diewert () and K.J. Fox

UBC Departmental Archives from UBC Department of Economics

Abstract: While it is widely acknowledge that enormous productivity gains have been achieved through the use of modern technology such as computers, measured productivity growth has been lower in industrialized countries in the last 25 years compared to the previous 50 years. Many authors have argued that measurement error cannot possibly explain this productivity paradox. We give several reasons why it can, including an explanation for the rapid productivity slowdown in the early 1970s, and the lack of a subsequent recovery of measured productivity growth.

Keywords: PRODUCTIVITY (search for similar items in EconPapers)
JEL-codes: C81 D11 D24 E31 E62 H25 M41 (search for similar items in EconPapers)
Date: 1998
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Journal Article: Can measurement error explain the productivity paradox? (1999)
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Persistent link: http://EconPapers.repec.org/RePEc:ubc:bricol:98-04

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