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Possible measurement bias in aggregate productivity growth.
Monthly Labor Review
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February 1, 1999|
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COPYRIGHT 1999 U.S. Bureau of Labor Statistics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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By examining industry multifactor productivity in more detail, researchers can gain new insights into the hypothesis of measurement bias in aggregate output and productivity
Output per hour in the business sector has grown about 1 percent per year since the late 1970s, according to data published by the Bureau of Labor Statistics. Some scholars in the productivity research field have suggested, however, that productivity might have grown faster.
One line of reasoning that supports this faster growth theory hinges on the decomposition of productivity trends ...
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Multifactor productivity.(Labor Month In Review)(Brief article)
Magazine article from: Monthly Labor Review
; ...2004 and 2005, multifactor productivity rose in 58 of 86...Labor Statistics. Multifactor productivity rose by 3 percent...industries in 2005. Multifactor productivity indexes relate...double-digit growth in multifactor productivity. The largest increase in ...
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Multifactor productivity in manufacturing, 2001.(Labor Month in Review)(Brief Article)
Magazine article from: Monthly Labor Review
; Multifactor productivity--measured as output per unit...first in 10 years. The decline in multifactor productivity was the result of a 4.5-percent...fell 5.6 percent. On average, multifactor productivity in manufacturing has grown 1.2 percent annually from 1949 to 2001. ...
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Multifactor productivity up again.(Labor Month In Review)(Brief article)
Magazine article from: Monthly Labor Review
; Multifactor productivity in the manufacturing sector rose 3...is the fourth consecutive year that multifactor productivity rose in manufacturing. Multifactor productivity measures the joint influences of technological...the effects of capital and labor. The multifactor ...
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Multifactor productivity.(Brief article)(Statistical data)
Magazine article from: Monthly Labor Review
; ...manufacturing sector, multifactor productivity grew just slightly faster...2002, and fell in 2004. Multifactor productivity measures the joint influences...of capital and labor. Multifactor productivity in manufacturing rose...goes back to 1987. The multifactor ...
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Drop in multifactor productivity. (Labor Month in Review).(Brief Article)
Magazine article from: Monthly Labor Review
; Multifactor productivity--measured as output per unit of combined...the first decrease since 1991. The multifactor productivity decline in 2001 reflected a 0.1-percent...while labor input fell by 0.4 percent. Multifactor productivity measures the joint influences on ...
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Preliminary estimates of multifactor productivity growth: final multifactor productivity measures take more than a year to complete; using a simplified methodology and preliminary data, it is estimated that private business multifactor productivity grew 3.1 percent in 2003 and 3.3 percent in 2004.(Multifactor Productivity)
Magazine article from: Monthly Labor Review
; ...improvements in technology. The BLS multifactor productivity (MFP) measures are designed to...effects are reported separately, and multifactor productivity growth represents the unexplained...labor productivity growth. The multifactor productivity measures are designed along the...
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Multifactor productivity trends in manufacturing industries, 1987-96.(Statistical Data Included)
Magazine article from: Monthly Labor Review
; ...the 1987-96 period, multifactor productivity--measured as output...between 1987 and 1996, multifactor productivity, measured as output...industries, however, multifactor productivity did not grow as much...
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Multifactor productivity change in the air transportation industry: productivity increases in the U.S. airline industry--the Nation's primary intercity mass transportation system--have played a significant role in the industry's cost-containment efforts and its ability to accelerate growth.(Airline Productivity Change)
Magazine article from: Monthly Labor Review
; ...measure of multifactor productivity for the air...input--labor--multifactor productivity relates the...Growth in multifactor productivity can be seen...measure of multifactor productivity are much...series, a multifactor productivity measure yields...from ...
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International Comparisons of Productivity Growth: Recent Developments.(Statistical Data Included)
Magazine article from: Business Economics
; ...international productivity trends to examine...divergence in productivity trends and discuss...labor and multifactor productivity growth. The...divergence in productivity trends between the...study is on productivity growth rather...of labor productivity, ...
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Multifactor productivity rose in 1999.(Department of Labor report on economic growth)(Brief Article)(Statistical Data Included)
Magazine article from: Monthly Labor Review
; Multifactor productivity--measured as output per unit of combined...the lowest increase since 1995. The multifactor productivity gain in 1999 reflected a 4.7-percent...gain since the series started in 1948. Multifactor productivity is a measure of the joint influences...reallocation of ...
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