A Comparison of Gross Output and Value-added Methods of Productivity Estimation (PDF 180.2 KB)
A Comparison of Gross Output and Value-added Methods of Productivity Estimation (ZIP 92.0 KB)

Contents

Preliminaries
Cover, Copyright, Contents, Abbreviations

1 Introduction and main points

2   The value-added measure
2.1   Conceptual issues
2.2   Biased estimates of productivity growth
2.3   Contributions to growth
2.4   Interpretation

3   The gross output measure
3.1   Sectoral output
3.2   Aggregation procedure

4 Comparative data requirements

5 Estimating real output

6 Conclusions

References