Abstract not available.

The measurement of capital inputs is still a contentious issue: many choices have to be made that have potentially large effects on the resulting capital input series, some entailing differing assumptions about firm behaviour. This paper compares a large number of methodological choices and...

In this paper, we make a comparison of industry output, inputs and productivity growth and levels between seven advanced economies (Australia, Canada, France, Germany, Netherlands, UK and U.S.). Our industry-level growth accounts make use of input data on labour quantity (hours) and composition...

Rather than charging direct fees, banks often charge implicitly for their services via interest spreads. As a result, much of bank output has to be estimated indirectly. In contrast to current statistical practice, dynamic optimizing models of banks argue that compensation for bearing systematic...

Abstract not available.

The typical narrative regarding the evolution of world trade prior to World War II refers to a secular rise that started around 1870 and a subsequent collapse that began in 1914. This narrative, though, is based on measures of trade openness that do not fully take into account purchasing power...

This working paper provides industry-specific purchasing power parities for gross output in the transportation and communication sector. The calculation of these output PPPs builds on earlier work by the International Comparisons of Output and Productivity (ICOP) project in this field. The paper...

Increasing fragmentation of production across borders is changing the nature of international competition. It increasingly plays out at the level of activities within industries, rather than at the level of whole industries. As a result, current measures of competitiveness such as export market...