OECD Compendium of Productivity Indicators 2016
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OECD Compendium of Productivity Indicators 2016

The publication presents a comprehensive overview of recent and longer term trends in productivity levels and growth in OECD and some G20 countries. The statistics presented include measures of labour productivity, capital productivity and multifactor productivity, as well as indicators of international competitiveness.

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Multifactor productivity You do not have access to this content

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OECD

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Multifactor productivity (MFP) reflects the overall efficiency with which labour and capital inputs are used together in the production process. Labour productivity growth represents a higher level of output for every hour worked. This can be achieved if more capital per labour unit, i.e. capital deepening, is used in production, or by improving the overall efficiency with which labour and capital are used together, i.e. higher MFP.

 
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