Premium
PRODUCTIVITY ACCOUNTING BASED ON PRODUCTION PRICES
Author(s) -
Degasperi Matteo,
Fredholm Thomas
Publication year - 2010
Publication title -
metroeconomica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.256
H-Index - 29
eISSN - 1467-999X
pISSN - 0026-1386
DOI - 10.1111/j.1467-999x.2009.04059.x
Subject(s) - economics , productivity , production (economics) , agricultural economics , macroeconomics , natural resource economics , accounting
In this paper we propose a method of productivity accounting based on production prices. By using input–output tables from four major OECD countries between 1970 and 2000, we compute the associated wage–profit frontiers and the net national products, and from these we derive two measures of productivity growth based on production prices and a chosen numéraire . Our findings support the general conclusions in the existing literature on the productivity slowdown and later rebound, and supply new important insights to the extent and timing of these events.