The Misinterpretation of Productivity Measures

Joaquim Vergés-Jaime

Challenge, 2021, vol. 64, issue 2, 156-171

Abstract: 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.

Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/05775132.2020.1866907 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

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
http://www.tandfonline.com/pricing/journal/MCHA20

DOI: 10.1080/05775132.2020.1866907

Access Statistics for this article

More articles in Challenge from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().