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OECD Compendium of Productivity Indicators 2016

image of 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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Growth accounting

Economic growth can be fostered either by raising the labour and capital inputs used in production, or by improving the overall efficiency with which these inputs are used together, i.e. higher multifactor productivity growth (MFP). Growth accounting involves decomposing total output growth, measured here as GDP growth, into these three components. As such, it provides an essential tool for policy makers to identify the underlying drivers for growth.

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Graphs

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