The Misinterpretation of Productivity Measures
Challenge, 2021, vol. 64, issue 2, 156-171
The author argues that Sufficient attention has not been paid by economists and statisticians to the fact that, given the way productivity indicators at sector and country-level are defined and determined by statistical agencies, the resulting figures—for comparisons among countries, or among sectors within a country, as well as for comparisons over time (“productivity growth”)—do not actually have the assumed meaning: that is, an increase of the index indicates that the country’s (sector’s) companies have become more productive, in the sense of producing more products or services with the same quantities of resources, or producing the same with fewer quantities of resources, etc.
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:mes:challe:v:64:y:2021:i:2:p:156-171
Ordering information: This journal article can be ordered from
Access Statistics for this article
More articles in Challenge from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().