This paper is the first effort to analyze the intangible investments of the Finnish non-financial business sector in 1975–2005 with a heretofore unseen scope of intangible investments in line with the definition of Corrado, Hulten and Sichel (2005, 2006). Not only GDP but also investments have...

This paper is the first effort to analyze the intangible investments of the Finnish non-financial business sector in 19752005 with a heretofore unseen scope of intangible investments in line with the definition of Corrado, Hulten and Sichel (2005, 2006). Not only GDP but also investments have...

Moving human capital inside the production boundary requires human capital and its services to be treated as outputs of production processes. The primary input of labor ceases to exist, and it is necessary to redirect goods and services consumed by it as inputs in the industries that now produce...

The SNA93 as a source of a consistent set of values for productivity accounting is studied. In the valuation of intermediate inputs and outputs the main problems relate to the treatment of taxes and subsidies on products. In labor share, the main problem is the separation of the labor...

We derive a consistent system of industry and economy-wide measures of TFP growth based on weaker assumptions than used in the literature so far. We allow different industries to pay different prices for the same product. These price differences are not assumed to cancel out at the economy-wide...