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Discussion Paper Multifactor Productivity Contributions of U.S. Non-Manufacturing Industry Groups: 1987‑2005 by Michael J. Harper, Bhavani Khandrika, Randal Kinoshita and Steven Rosenthal U.S. Bureau of Labor Statistics May 1, 2008.

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Discussion Paper

Multifactor Productivity Contributions of U.S. Non-Manufacturing Industry Groups: 1987‑2005

by Michael J. Harper, Bhavani Khandrika, Randal Kinoshita and Steven Rosenthal

U.S. Bureau of Labor Statistics

May 1, 2008



1990s attention to weak service sector data
1990s Attention to Weak Service Sector Data

  • Griliches AEA address

  • Boskin Commission

  • Corrado-Slifman [1999]

  • New data have become available in recent years


Bea bls collaboration on production accounts
BEA – BLS Collaboration on “Production Accounts”

  • Input part of national accounts

  • FHPY: Fully integrated set of detailed data from which many types of industry and aggregate measures emerge

  • Current agenda includes expanding aggregate measures, comparing industry measures and filling in industry

    accounts




  • Distinguish “p”s and “q”s


Aggregates: Real Accounting

Definition:

AT = ST - NIT = Aggregate MFP

Results:

AT =Sj=1n(VYj/VST)Aj

(Domar [1961])

Sj=1n (VYj/VST) = 1 +

+Sj=1mSj=1nSj=1nVNi,j,k/VST


Negative mfp trends
Negative MFP Trends

  • Counts of industries with (-) MFP trends:

  • 1987-2005 16 of 42

  • 2000-2005 13 of 42

  • 1977-1997 13 of 32 --- GH [2002]

  • Limited comparability – there is

    now more detail in services


Negative productivity trends
Negative Productivity Trends

  • Effects on private business trend of raising (-) to zero:

  • 1987-2000 +0.27

  • 2000-2005 +0.19

  • 1977-1997 +0.3 --- GH [2002]

  • 1977-1992 +0.4 --- GH [1999]

  • 1977-1997 +0.4 --- Corrado -Slifman[1999] (labor productivity)


Negative mfp trends1
Negative MFP Trends

  • Counts of industries with (-) trends where BLS DIPS has coverage:

  • 1987-2005 2 of 11

  • 2000-2005 2 of 11

  • Counts of industries with (-) trends where BLS DIPS lacks coverage:

  • 1987-2005 14 of 31

  • 2000-2005 11 of 31


Measuring non manufacturing productivity are we there yet we may be closer
Measuring Non-Manufacturing Productivity Are we there yet?We may be closer


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