| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w25558
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| 来源ID | Working Paper 25558
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| Productivity Measurement: Racing to Keep Up |
| Daniel E. Sichel
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| 发表日期 | 2019-02-18
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| 出版年 | 2019
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| 语种 | 英语
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| 摘要 | This paper provides a non-technical review of the literature and issues related to the measurement of aggregate productivity. I begin with a discussion of productivity measures, their performance in recent decades, and key measurement puzzles that emerge from the data. The remainder of the review focuses on two important questions. First, how do we make more accurate the measures of prices used to deflate nominal output so as to win (or at least not lose) the race for economic measurement to keep up with a changing economy? This section frames the issues and points to the most important and promising areas for further research. Second, what does or should GDP measure? I defend GDP as a valuable measure of production and offer suggestions for improving it. At the same time, I emphasize the importance of measuring economic welfare (well being) and highlight the value of supplementing GDP with a satellite account that measures economic welfare. |
| 主题 | Macroeconomics
; Consumption and Investment
; Business Cycles
|
| URL | https://www.nber.org/papers/w25558
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/583232
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推荐引用方式
GB/T 7714 |
Daniel E. Sichel. Productivity Measurement: Racing to Keep Up. 2019.
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文件名：
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w25558.pdf
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格式：
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Adobe PDF
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