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Productivity Measurement and Analysis

image of Productivity Measurement and Analysis

Productivity measurement and analysis are the main topics addressed in this book, which brings together contributions presented and discussed in two international workshops organized by the Statistics Directorate and the Directorate for Science, Technology and Industry (DSTI) of the OECD. The first workshop was organised jointly by the OECD with Fundaccion BBVA and the Instituto Valenciano de Investigaciones Económicas and held in Madrid in October 2005, and the second one was organized jointly by the OECD and the Swiss Federal Statistical Office and the State Secretary for Economic Affairs of Switzerland and held in Bern in October 2006. The two workshops brought together representatives of statistical offices, central banks and other branches of government in OECD countries that are engaged in the analysis and the measurement of productivity developments at aggregate and industry levels.

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Multi-Factor Productivity Measurement

From Data Pitfalls to Problem Solving - the Swiss Way

During the past 15 years, the Swiss economy faced sluggish growth and a rise of its unemployment rate. While still low compared to other countries the rise of unemployment triggered political discussions about the relative competitiveness of the Swiss economy. Much attention was then devoted to measurement issues of labor productivity. This focus on labor productivity partly resulted from a lack of data on capital stocks and multifactor productivity (MFP). Another factor was the lack of experience of countries like Switzerland regarding measurement issues and interpretation of results of capital stocks and MFP. In this context, the Organisation for Co-operation and Development (OECD) was a key driver when it published two manuals64 describing the concept and measurement of capital services and their relation to the measures of gross capital stock.

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