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Sprache/n: | Englisch |
Veröffentlichungsangabe: | Paris : OECD Publishing, 2017 |
Umfang: | 1 Online-Ressource (circa 26 Seiten) : Illustrationen |
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Anmerkung: | Zusammenfassung in französischer Sprache |
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Art/Inhalt: | Amtsdruckschrift / Government document |
Mehr zum Thema: | Journal of Economic Literature: L51Journal of Economic Literature: L43Journal of Economic Literature: C51Journal of Economic Literature: C23Journal of Economic Literature: J2Journal of Economic Literature: O4 |
Inhalt: | This paper analyses for 34 OECD countries the extent to which the calculation of aggregate multi-factor productivity (MFP) is sensitive to alternative parameterisations. The starting point is the definition of MFP used in previous work in the OECDs Economics Department (e.g. Johansson et al. 2013). They include alternative MFP measures, with human capital included or excluded, with different measures of Purchasing Power Parity (PPP) exchange rates, using time-varying capital depreciation rates and different measures of capital stock and labour input (headcount against hours worked). The main result of the paper is that whether or not human capital is included in MFP makes a significant difference for the level and dynamics of MFP. At the same time, MFP measures are less sensitive to other parameters of the calculation. |
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Anmerkung: | Vervielfältigungen (z.B. Kopien, Downloads) sind nur von einzelnen Kapiteln oder Seiten und nur zum eigenen wissenschaftlichen Gebrauch erlaubt. Die Weitergabe an Dritte sowie systematisches Downloaden sind untersagt. |
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