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Productivity and income growth rates and differentials vary widely among OECD countries. In this chapter, Bart van Ark develops a framework for the understanding of these productivity and income differences. The framework breaks GDP per capita into two basic drivers: labour supply and labour...
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particularly important measurement problems, namely the estimation of real output in the non-market sector where output is not … measured independently of inputs and the estimation of price indices (which are needed to calculate real output) for products …
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