| 000 | 02354cam a22003257 4500 | ||
|---|---|---|---|
| 001 | w8095 | ||
| 003 | NBER | ||
| 005 | 20211020113434.0 | ||
| 006 | m o d | ||
| 007 | cr cnu|||||||| | ||
| 008 | 210910s2001 mau fo 000 0 eng d | ||
| 100 | 1 |
_aNordhaus, William D. _917639 |
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| 245 | 1 | 0 |
_aAlternative Methods for Measuring Productivity Growth / _cWilliam D. Nordhaus. |
| 260 |
_aCambridge, Mass. _bNational Bureau of Economic Research _c2001. |
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| 300 |
_a1 online resource: _billustrations (black and white); |
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| 490 | 1 |
_aNBER working paper series _vno. w8095 |
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| 500 | _aJanuary 2001. | ||
| 520 | 3 | _aThe present study is a contribution to the theory of the measurement of productivity growth. First, it examines the welfare-theoretic basis for measuring productivity growth and shows that the ideal welfare-theoretic measure is a chain index of productivity growth rates of different sectors which uses current output weights. Second, it lays out a technique for decomposing productivity growth which separates aggregate productivity growth into three factors -- the pure productivity effect, the effect of changing shares, and the effect of different productivity levels. Finally, it shows how to apply the theoretically correct measure of productivity growth and indicates which of the three different components should be included in a welfare-oriented measure of productivity growth. The study concludes that none of the measures generally used to measure productivity growth is consistent with the theoretically correct measure. | |
| 530 | _aHardcopy version available to institutional subscribers | ||
| 538 | _aSystem requirements: Adobe [Acrobat] Reader required for PDF files. | ||
| 538 | _aMode of access: World Wide Web. | ||
| 588 | 0 | _aPrint version record | |
| 690 | 7 |
_aE3 - Prices, Business Fluctuations, and Cycles _2Journal of Economic Literature class. |
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| 690 | 7 |
_aO3 - Innovation • Research and Development • Technological Change • Intellectual Property Rights _2Journal of Economic Literature class. |
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| 710 | 2 | _aNational Bureau of Economic Research. | |
| 830 | 0 |
_aWorking Paper Series (National Bureau of Economic Research) _vno. w8095. |
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| 856 | 4 | 0 | _uhttps://www.nber.org/papers/w8095 |
| 856 |
_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w8095 |
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| 942 |
_2ddc _cW-PAPER |
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_c340111 _d298673 |
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