EconPapers    
Economics at your fingertips  
 

Multi-factor productivity: estimates for 1998 to 2007

Alex Turvey
Additional contact information
Alex Turvey: Office for National Statistics

Economic & Labour Market Review, 2009, vol. 3, issue 3, 33-38

Abstract: Multi-factor productivity (MFP), sometimes referred to as ‘total-factor productivity’ or ‘growth accounting’, is a method of analysing productivity which allows for a more in-depth assessment of performance at a whole economy or sectoral level. It apportions growth in output to contributions from capital, from labour and a residual MFP which represents the ‘productivity change’ not explained by the growth in either labour or capital inputs. This approach permits more detailed analysis of what is driving output growth compared with the traditional ‘headline’ measures of productivity, which use only labour as their factor input. This article presents multi-factor productivity results for 1998 to 2007 using an experimental quality-adjusted labour input measure and experimental estimates of capital services growth as inputs. The analysis has been produced for the whole economy, the market sector and some broad industry groupings. Economic & Labour Market Review (2009) 3, 33–38; doi:10.1057/elmr.2009.42

Date: 2009
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.palgrave-journals.com/elmr/journal/v3/n3/pdf/elmr200942a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/elmr/journal/v3/n3/full/elmr200942a.html Link to full text HTML (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:pal:ecolmr:v:3:y:2009:i:3:p:33-38

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/41318

Access Statistics for this article

More articles in Economic & Labour Market Review from Palgrave Macmillan, Office for National Statistics
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2019-11-06
Handle: RePEc:pal:ecolmr:v:3:y:2009:i:3:p:33-38