What Is To Be Done for Better productivity Measurement

Walter Diewert

International Productivity Monitor, 2008, vol. 16, 40-52

Abstract: The first section of the article reviews general measurement problems associated with measuring sectoral total factor productivity. Secondly, the article argues that the production accounts in the present System of National Accounts (SNA) need to be extended somewhat in order to be suitable as a data base for measuring sectoral productivity growth rates. In particular, the treatment of exports, imports and indirect taxes is not completely adequate for productivity measurement purposes in the present SNA. Finally, the article makes some specific suggestions to statistical agencies that would lead to better productivity measurement. In particular, balance sheet information needs to be improved and made available to the public. Moreover, the balance sheet information needs to be integrated with sectoral measures of capital service inputs.

Keywords: National accounts; SNA; Sectoral productivity; Productivity growth; economic measurements; input-output tables; Growth accounting (search for similar items in EconPapers)
JEL-codes: C82 E22 F19 J82 O47 O51 (search for similar items in EconPapers)
Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (23)

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