Measuring Productivity using the Index Number Approach: An Introduction

Nathan McLellan ()

No 04/05, Treasury Working Paper Series from New Zealand Treasury

Abstract: This paper provides an introduction to productivity measurement using index number techniques. Attention is given to the construction of productivity series using common index number formulae, the economic and axiomatic approaches to selecting an index number formula, and the use of chaining. Special attention is also given to measuring physical capital inputs and quality adjusted labour inputs. Numerical examples are used throughout the paper to illustrate the analysis.

Keywords: Productivity measurement; index numbers; capital, quality-adjusted labour inputs (search for similar items in EconPapers)
JEL-codes: C43 D24 E23 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2004-06
New Economics Papers: this item is included in nep-ecm and nep-mic
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:nzt:nztwps:04/05

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