Symmetric Decompositions of Aggregate Output and Labour Productivity Growth: On Levels, (Non-)Additivity, and Misallocation

Bert Balk

Chapter Chapter 2 in Advances in Economic Measurement, 2022, pp 105-127 from Springer

Abstract: Abstract In this chapter, symmetric decompositions for aggregate output (= real value added) growth and labour productivity growth are derived in terms of levels. The usual neo-classical assumptions can therewith be avoided. The assumption of additivity provides a convenient backdrop for a discussion of several concepts of (measuring) labour misallocation. The chapter concludes with a comparison of two methods for enforcing additivity on non-additive data.

Keywords: Growth; Labour productivity; Aggregation; Additivity; Misallocation; C43; D24; O47 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-2023-3_2

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DOI: 10.1007/978-981-19-2023-3_2

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