By OECD. Published by : OECD Publishing
Comprehend development disparities among OECD nations over the last two decades via id and research of underlying factors.Growth styles in the course of the Nineteen Nineties and into this decade have grew to become got knowledge on its head.
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Additional resources for The Sources Of Economic Growth In Oecd Countries
5 Compared with the previous decade, hourly labour productivity picked up in a number of countries, including the United States, Australia, Norway, Portugal, Germany, Finland and Sweden, while it declined in the other countries. However, these changes in productivity trend were accompanied by THE SOURCES OF ECONOMIC GROWTH IN THE OECD COUNTRIES – ISBN 92-64-19945-4 – © OECD 2003 35 1. 2. 5 Per cent 1. Mainland only. 2. 1991-2000. Source: OECD. 36 THE SOURCES OF ECONOMIC GROWTH IN THE OECD COUNTRIES – ISBN 92-64-19945-4 – © OECD 2003 1.
A measure of MFP growth that fully accounts for changes in the composition and quality of both labour and capital inputs captures disembodied technological and organisational improvements that increase output for a given amount of inputs. However, it may also be interesting to assess the extent to which improvements in the quality of capital and labour have boosted productivity in industries and countries that have invested in them. For example, the shift towards ICT assets, whose relative prices have been falling, implies that with the same amount of resources it is possible to acquire a greater amount of productive capital services.
14. The contribution of ICT capital to output growth is the product of three components: i) the share of total capital in total income; ii) the share of ICT capital in total capital; and iii) the rate of growth of ICT capital. 15. These are obtained by using cyclically adjusted series for all the components of the growth accounting. 54 THE SOURCES OF ECONOMIC GROWTH IN THE OECD COUNTRIES – ISBN 92-64-19945-4 – © OECD 2003 ISBN 92-64-19945-4 The Sources of Economic Growth in the OECD Countries © OECD 2003 Chapter 2 Policy Settings, Institutions and Aggregate Economic Growth: a Cross-country Analysis Abstract.
The Sources Of Economic Growth In Oecd Countries by OECD. Published by : OECD Publishing