Productivity: An International Comparison

Jari Hyvärinen

No 1264, Discussion Papers from The Research Institute of the Finnish Economy

Abstract: This study conducts an international comparison of productivity and profitability. First, the level and growth of productivity are compared in OECD countries for the period from 1975 to 2009. According to this comparison, productivity growth has been faster in the key Finnish sectors com-pared with Finlands competitors. One of the main engines of growth since 1995 has been the ICT revolution. Second, the profitability of industries is calculated for 2007. Profitability is divided into productivity, prices and labour compensation. The results show that profitability in Finnish manufacturing is competitive because of the high productivity level in 2007. However, the measurement of profitability and the quality of price components require further research.

Keywords: productivity; profitability; prices; labour compensation (search for similar items in EconPapers)
JEL-codes: J24 J31 O47 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2012
New Economics Papers: this item is included in nep-eff
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