Some new international comparisons of productivity performance at the sectoral level
We present several new measures of gross-output-based total factor productivity (TFP) at the sectoral level for manufacturing industries in the G-7 economies. We calculate measures of both TFP growth and comparative levels. These are obtained by combining conventional Organisation for Economic Co-operation and Development sectoral data on labour and capital inputs with data on intermediate inputs from national input-output tables. Additionally, we derive cyclically corrected measures of TFP growth. Our evidence shows that the considerable gap in TFP between the USA and other G-7 economies is closing but remains significant. Copyright 2003 Royal Statistical Society.
Year of publication: |
2003
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Authors: | Malley, Jim ; Muscatelli, Anton ; Woitek, Ulrich |
Published in: |
Journal of the Royal Statistical Society Series A. - Royal Statistical Society - RSS, ISSN 0964-1998. - Vol. 166.2003, 1, p. 85-104
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Publisher: |
Royal Statistical Society - RSS |
Saved in:
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