What Have We Learned About Productivity in the Last Two Decades?: A Review Article on New Developments in Productivity Analysis

Andrew Sharpe

International Productivity Monitor, 2002, vol. 4, 53-63

Abstract: What have we learned about productivity in the past two decades? In this article, Andrew Sharpe from the Centre for the Study of Living Standards reviews a recently published NBER volume entitled New Development in Productivity Analysis, edited by Charles R. Hulten, Edwin R. Dean, and Michael J. Harper. The volume includes 13 papers, many representing the frontier of productivity research. Key recent developments in productivity analysis, as evidenced by the volume, include the development of firm-level micro-data bases, the revival of the vintage capital or embodiment approach to productivity analysis, the enhancement of our understanding of international differences in service sector productivity levels through case studies undertaken by the McKinsey Global Institute, and the integration of natural resources and the environment into a total resource productivity framework.

Keywords: Review; New Developments in Productivity Analysis; Hulten; Dean; Harper; Productivity; Research; Total Factor Productivity; Residual; Theory; Data; BLS; Factor Demand Model; Capital; Embodiment Approach; Comparisons; International; McKinsey; Service Sector; Natural Resources; Mulitfactor; Mulit-Factor; BEA (search for similar items in EconPapers)
JEL-codes: C81 C82 D24 E32 O47 (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (2)

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