We See Data Everywhere Except in the Productivity Statistics

This paper uses Labor Force Survey data for European countries to estimate national investment in assets, where the asset boundary is extended beyond that software and databases as currently defined System of National Accounts. We find that: (a) 2011–2018, 1.4 percent EU-28 employment was engaged formation (software and) with a mean growth rate 5 per annum; (b) on average 2011–2016, expanding raises level own-account GFCF EU-16 by 61 percent, real assets 6.9 pa, compared 2.7 pa accounts; (c) expansion labor productivity EU-13 from 0.79 0.83 contribution capital deepening over three-fold, 0.03 0.10 pa.