English, Article, Journal or magazine article edition: An Economic Approach to the Measurement of Productivity Growth Using Differences Instead of Ratios Diewert, Erwin; Mizobuchi, Hideyuki

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/40095
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • An Economic Approach to the Measurement of Productivity Growth Using Differences Instead of Ratios
Author
  • Diewert, Erwin
  • Mizobuchi, Hideyuki
Physical Description
  • preprint
Notes
  • Traditional index number theory decomposes a value ratio into the product of a price index times a quantity index. Growth accounting is based on this traditional approach to index number theory. This paper takes an alternative approach which decomposes a value difference into the sum of a price difference plus a quantity difference. We apply this new exact difference methodology in order to decompose the growth of a new measure of labour productivity into additive explanatory factors. This new measure of labour productivity takes into account changes in the terms of trade. We apply our methodology to investigate the growth in living standards per unit of labour for the Japanese economy over the years 1955-2004. The paper also introduces a new flexible functional form for a GDP function that is based on the normalized quadratic functional form pioneered by Diewert and Wales.
  • Flexible functional form, producer theory, Japanese economic growth, difference approach, Bennet indicators, labour productivity, exact index numbers
  • RePEc:ubc:bricol:erwin_diewert-2009-2
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment