Souhrnná produktivita faktorů založená na službách práce a kapitálu
Total Factor Productivity Measurement Based on Labour and Capital Services
Kristýna Vltavská and
Politická ekonomie, 2011, vol. 2011, issue 5, 599-617
The article focuses on new possible approaches of total factor productivity measurement. The standard computation takes into account the number of hours worked as the labour input and net or gross fixed capital stock as the capital input. This article improves the computation by using labour services as the labour input (it is necessary to take into account the skills and efforts of the workers) and capital services as the capital input. Substitution of capital stocks by capital services means that only flow indicators are used for TFP measurement. This issue became more popular in recent time in line with the revision of the manual for national accounts - SNA 2008. This paper concentrates on the development of the Czech economy between the years 2002 and 2008.
Keywords: total factor productivity; capital services; labour services (search for similar items in EconPapers)
JEL-codes: C10 E22 E23 (search for similar items in EconPapers)
References: View complete reference list from CitEc
Citations View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
free of charge
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:prg:jnlpol:v:2011:y:2011:i:5:id:810:p:599-617
Ordering information: This journal article can be ordered from
Redakce Politické ekonomie, Vysoká škola ekonomická, nám. W. Churchilla 4, 130 67 Praha 3
Access Statistics for this article
Politická ekonomie is currently edited by Martin Mandel
More articles in Politická ekonomie from University of Economics, Prague Contact information at EDIRC.
Series data maintained by Frantisek Sokolovsky ().