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M ethodological issues on calculating total-factor productivity index

M ethodological issues on calculating total-factor productivity index. Borut Kodrič. Productivity. : Input-output coefficient. : Output produced. : Input needed. Productivity measures. Productivity index. T he economic and axiomatic approaches to choosing an index number formula.

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M ethodological issues on calculating total-factor productivity index

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  1. Methodological issues on calculating total-factor productivity index Borut Kodrič

  2. Productivity : Input-output coefficient : Output produced : Input needed

  3. Productivity measures

  4. Productivity index • The economic andaxiomatic approaches to choosing an index number formula

  5. Measuring output • Gross output vs. value added • Problems: • Price indeces data • Commodity taxes data • Measuring output in service sector • Measuring intersectoral flows of contracted labour services or rented capitalequipment

  6. Measuring labour • Number of employed persons • Hours actually worked • Alternative: Hours paid or full-time equivalents • Problems: • Self-employed persons • Differences in the contribution of different types oflabour

  7. Measuring capital • Flows of the quantity of capital services are not usually directly observable (Productive stock of capital) • User cost of capital

  8. Productivity index :represents the share of input i in the total value of inputs :represents the share of VAin the total VA

  9. Results Table 1:Capital-labour productivity index (2000=100, Laspeyers)

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