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What Have We Learned About Productivity in the Last Two Decades?: A Review Article on New Developments in Productivity Analysis

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  • Andrew Sharpe

Abstract

What have we learned about productivity in the past two decades? In this article, Andrew Sharpe from the Centre for the Study of Living Standards reviews a recently published NBER volume entitled New Development in Productivity Analysis, edited by Charles R. Hulten, Edwin R. Dean, and Michael J. Harper. The volume includes 13 papers, many representing the frontier of productivity research. Key recent developments in productivity analysis, as evidenced by the volume, include the development of firm-level micro-data bases, the revival of the vintage capital or embodiment approach to productivity analysis, the enhancement of our understanding of international differences in service sector productivity levels through case studies undertaken by the McKinsey Global Institute, and the integration of natural resources and the environment into a total resource productivity framework.

Suggested Citation

  • Andrew Sharpe, 2002. "What Have We Learned About Productivity in the Last Two Decades?: A Review Article on New Developments in Productivity Analysis," International Productivity Monitor, Centre for the Study of Living Standards, vol. 4, pages 53-63, Spring.
    • Handle: RePEc:sls:ipmsls:v:4:y:2002:5
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    File URL: http://www.csls.ca/ipm/4/review-f.pdf
    File Function: version en francais, pp:57-68
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    References listed on IDEAS

    as
    1. Robert J. Gordon, 2000. "Does the "New Economy" Measure Up to the Great Inventions of the Past?," Journal of Economic Perspectives, American Economic Association, vol. 14(4), pages 49-74, Fall.
    2. John W. Kendrick & Beatrice N. Vaccara, 1980. "New Developments in Productivity Measurement and Analysis," NBER Books, National Bureau of Economic Research, Inc, number kend80-1.
    3. Zvi Griliches, 1992. "Output Measurement in the Service Sectors," NBER Books, National Bureau of Economic Research, Inc, number gril92-1.
    4. Richard G. Lipsey & Kenneth Carlaw, 2000. "What Does Total Factor Productivity Measure?," International Productivity Monitor, Centre for the Study of Living Standards, vol. 1, pages 31-40, Fall.
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    Citations

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    Cited by:

    1. Ad van Riet & Moreno Roma, 2006. "Competition, productivity and prices in the euro area services sector," Occasional Paper Series 44, European Central Bank.
    2. Diana Mihaela Apostol & Cristina Balaceanu, 2011. "Growth and Technology: The New Economy in the 2000's CEE Countries and Romania," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 1(2), pages 46-55, December.

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    More about this item

    Keywords

    Review; New Developments in Productivity Analysis; Hulten; Dean; Harper; Productivity; Research; Total Factor Productivity; Residual; Theory; Data; BLS; Factor Demand Model; Capital; Embodiment Approach; Comparisons; International; McKinsey; Service Sector; Natural Resources; Mulitfactor; Mulit-Factor; BEA;
    All these keywords.

    JEL classification:

    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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