Measuring Productivity
Selected Transactions: Productivity and Government Output
Institution
OECD
Year
2001
Level
Intermediate to advanced
Abstract
Measures of productivity growth constitute core indicators for the analysis of economic growth. However, there are many different approaches to productivity measurement and their calculation and interpretation requires careful consideration, in particular when undertaking international comparisons. The OECD Productivity Manual is the first comprehensive guide to the various productivity measures aimed at statisticians, researchers and analysts involved in constructing industry-level productivity indicators. The Manual presents the theoretical foundations to productivity measurement and discusses implementation and measurement issues. The text is accompanied by empirical examples from OECD countries and by numerical examples to enhance its readability. The Manual also offers a brief discussion of the interpretation and use of productivity measures.