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Accounting for Growth and Productivity: Finnish Multi-Factor Productivity 1975-99

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  • Jukka Jalava

    (National Accounts, Statistics Finland, Finland)

Abstract

This paper presents new calculations for the multi-factor productivity of the nonresidential market production in Finland. The new methodology entails quality corrected measures of capital and labour services. The results reinforce the view of a shift taking place in the Finnish growth pattern after the early 1990s recession, from extensive to intensive growth. The exception is the extensive contribution of information and communication capital. Multi-factor productivity has been the engine of growth during the whole observation period from 1975 to 1999, but it experienced a significant step-up in the 1990s.

Suggested Citation

  • Jukka Jalava, 2002. "Accounting for Growth and Productivity: Finnish Multi-Factor Productivity 1975-99," Finnish Economic Papers, Finnish Economic Association, vol. 15(2), pages 76-86, Autumn.
    • Handle: RePEc:fep:journl:v:15:y:2002:i:2:p:76-86
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    References listed on IDEAS

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    7. Moses Abramovitz, 1956. "Resource and Output Trends in the United States since 1870," NBER Books, National Bureau of Economic Research, Inc, number abra56-1, February.
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    10. Charles R. Hulten, 2001. "Total Factor Productivity: A Short Biography," NBER Chapters, in: New Developments in Productivity Analysis, pages 1-54, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Maliranta, Mika, . "Micro Level Dynamics of Productivity Growth. An Empirical Analysis of the Great Leap in Finnish Manufacturing Productivity in 1975-2000," ETLA A, The Research Institute of the Finnish Economy, number 38, June.

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    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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