National Productivity Statistics

نویسنده

  • Roy H. Webb
چکیده

M any people now enjoy levels of prosperity that would have been barely imaginable a few hundred years ago. That remarkable achievement can be viewed through the lens of productivity statistics that give quantitative estimates of output per unit of input. By studying productivity, analysts can improve their understanding of the causes of national prosperity and economic growth. Since different definitions of productivity are widely used, this article reviews the most important ones used in the United States. The article also contains a brief sketch of the historical behavior of productivity and then warns readers about potential pitfalls in using productivity statistics. Finally, the background material is used to address questions concerning the recent behavior of productivity statistics.

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تاریخ انتشار 1998