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Measuring productivities for the 38 OECD member countries: an input-output modelling approach

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  • Bragoudakis, Zacharias
  • Kasimati, Evangelia
  • Pierros, Christos
  • Rodousakis, Nikolaos
  • Soklis, George

Abstract

Using a multisectoral model and the latest data from the OECD Input-Output Tables (IOTs2021 ed.), this article estimates labour and capital productivities of the 38 OECD member countries. As measures of the productivity of labour, we consider the inverse of the vertically integrated labour coefficients, while Perron–Frobenius theorems are employed so as to measure capital productivity. In this respect, the productive technologies and the intersectoral relationships of each economy are taken into account. We further investigate the relationship between productivity, economic efficiency and living standards. Findings indicate that the impact of capital productivity on higher living standards depends on the evolutionary and institutional background of the economy at hand.

Suggested Citation

  • Bragoudakis, Zacharias & Kasimati, Evangelia & Pierros, Christos & Rodousakis, Nikolaos & Soklis, George, 2021. "Measuring productivities for the 38 OECD member countries: an input-output modelling approach," MPRA Paper 114892, University Library of Munich, Germany, revised 15 Jun 2022.
    • Handle: RePEc:pra:mprapa:114892
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    More about this item

    Keywords

    capital productivity; input-output analysis; labour productivity; OECD member counties; Perron–Frobenius eigenvalues;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination

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