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Measuring Performance and Accountability in Higher Education: A Review Article on "Productivity in Higher Education"

Mary O'Mahony

International Productivity Monitor, Iss 38, Pp 145-154 (2020) · 2020 · Inggris · DOAJ

Credible and robust measurement of productivity in higher education institutions are needed to assess the accountability of the sector. This review article discusses the NBER volume Productivity in Higher Education. The volume contains articles estimating various facets of productivity in higher…

A Vertically Integrated Perspective on Nordic Manufacturing Productivity

Daniel Lind

International Productivity Monitor, Iss 39, Pp 53-73 (2020) · 2020 · Inggris · DOAJ

Specialization, at the national and global level, and a growing importance of knowledge-based capital in current growth processes have led to a renewed interest in a vertically integrated perspective on productivity. This means that the focus is on all steps of the production process, regardless of…

The Impact of Digitalization on the Economy: A Review Article on the NBER Volume "Economics of Artificial Intelligence: An Agenda"

Eric Santor

International Productivity Monitor, Iss 39, Pp 81-90 (2020) · 2020 · Inggris · DOAJ

Digitalization is affecting every aspect of our economy and our society. A set of new technologies are behind this latest surge - robotic process automation, artificial intelligence (AI) and machine learning (ML), big data, cloud computing, the internet of things and blockchain. This volume, "The…

Industry Productivity Performance in G7 Countries after the Global Financial Crisis: A Canadian Perspective

Jianmin Tang; Weimin Wang

International Productivity Monitor, Iss 39, Pp 33-52 (2020) · 2020 · Inggris · DOAJ

Compared to other G7 countries, Canada performed relatively well after the global financial crisis in both aggregate labour productivity and multifactor productivity (MFP) growth, which is in sharp contrast to its relatively weak performance in the 2000s. The objective of this article is to analyse…

A Concerted Effort to Tackle the UK Productivity Puzzle

Bark van Ark; Anthony J. Venables

International Productivity Monitor, Iss 39, Pp 3-15 (2020) · 2020 · Inggris · DOAJ

The United Kingdom has suffered an extreme version of the "productivity puzzle" – the strong and largely unexplained slowdown in productivity growth among OECD economies since the mid-2000s. In recognition of the challenges that weak productivity growth and low levels of productivity create for…

Lessons from Productivity Comparisons of Germany, Japan, and the United States

Martin Neil Baily; Barry P. Bosworth; Siddhi Doshi

International Productivity Monitor, Iss 38, Pp 81-103 (2020) · 2020 · Inggris · DOAJ

Germany, Japan and the United States are the three largest mature economies and set the productivity frontier in most industries. In aggregate, Germany caught up to US productivity by the 1990s but Japan remains well below the leaders and has the potential for faster growth. The article estimates…

The World Bank Perspective on Productivity: A Review Article on "Productivity Revisited: Shifting Paradigms in Analysis and Policy"

Don Drummond

International Productivity Monitor, Iss 38, Pp 136-144 (2020) · 2020 · Inggris · DOAJ

In Productivity Revisited, the World Bank turns its ongoing productivity research program to the issue of the apparent failure of productivity in developing countries to converge to the higher productivity in advanced economies. The World Bank asserts, but provides little evidence, that converge is…

Transatlantic Technologies: The Role of ICT in the Evolution of U.S. and European Productivity Growth

Robert J. Gordon; Hassan Sayed

International Productivity Monitor, Iss 38, Pp 50-80 (2020) · 2020 · Inggris · DOAJ

We examine the role of the ICT revolution in driving productivity growth behavior for the United States and an aggregate of ten Western European nations (the EU-10) from 1977 to 2015. We find that the standard growth accounting approach is deficient when it separates sources of growth between ICT…

The Pandemic and Short-Run Changes in Output, Hours Worked and Labour Productivity: Canadian Evidence by Industry

Joel Blit; Mikal Skuterud; Michael R. Veall

International Productivity Monitor, Iss 39, Pp 16-32 (2020) · 2020 · Inggris · DOAJ

The official measure of Canadian labour productivity rose by about 15 per cent (not annualized) during the first two quarters of 2020, reflecting a decline in total hours worked that exceeded an exceptional decline in output. We analyze this short-run change using monthly data disaggregated to 87…

Does Disappointing European Productivity Growth Reflect a Slowing Trend? Weighing the Evidence and Assessing the Future

John Fernald

International Productivity Monitor, Iss 38, Pp 104-135 (2020) · 2020 · Inggris · DOAJ

In the years since the Great Recession, many observers have highlighted the slow pace of labor and total factor productivity (TFP) growth in advanced economies. This paper focuses on the European experience, where we highlight that trend TFP growth was already low in the runup to the Global…

Trust and Total Factor Productivity: What Do We Know About Effect Size and Causal Pathways?

Conal Smith

International Productivity Monitor, Iss 38, Pp 3-28 (2020) · 2020 · Inggris · DOAJ

This article explores what is known about the relationship between trust and total factor productivity (TFP). Generalized interpersonal trust is widely considered the best summary measure for social capital, and if this is the case the impact of trust should be reflected in estimates of TFP. A…

Productivity, Zombie Firms and Exit Barriers in Portugal

Christian Osterhold; Fontoura Gouveia

International Productivity Monitor, Iss 38, Pp 29-49 (2020) · 2020 · Inggris · DOAJ

Productivity growth is slowing in OECD countries, coupled with increased mis-allocation of resources. A recent strand of literature focuses on the role of non-viable firms "zombie firms" to explain these developments. Using a rich firm-level dataset for Portugal, we explore the role played by…

What Do We Know About Economic and Productivity Growth? A Review Article on Measuring Economic Growth and Productivity: Foundations, KLEMS Production Models, and Extensions

Gilbert Cette

International Productivity Monitor, Iss 39, Pp 74-80 (2020) · 2020 · Inggris · DOAJ

"Measuring Economic Growth and Productivity" is not only a book on an essential topic, namely that of "growth and productivity", it is also a fabulous ensemble, bringing together contributions from many top specialists. But, in addition, it is a tribute to Dale W. Jorgenson, who has for decades…

The State of Productivity Research: "The Oxford Handbook of Productivity Analysis": A Review Article

Marshall Reinsdorf

International Productivity Monitor, Iss 37, Pp 156-161 (2019) · 2019 · Inggris · DOAJ

Does Import Competition Reduce Domestic Innovation and Productivity? Evidence from the China Shock and Firm-level Data on Canadian Manufacturing

Myeongwan Kim

International Productivity Monitor, Iss 37, Pp 72-95 (2019) · 2019 · Inggris · DOAJ

A key economic issue in Canada is the declining business research and develop-ment and slowdown in the total factor productivity (TFP) growth in manufacturing since the early 2000s. To deepen our understanding of this phenomenon, we focus on the increasing Chinese import share in the total domestic…

Structural Change and Productivity in the Market Economy of Mainland Norway: 1997-2014

Gang Liu

International Productivity Monitor, Iss 36, Pp 79-109 (2019) · 2019 · Inggris · DOAJ

Based on a newly compiled Norwegian KLEMS database, this article investigates structural change and productivity in the market economy of mainland Norway for the 1997-2014 period. The findings largely confirm the general trends identified by many other studies. However, detailed sector analyses…

New BEA-BLS Estimates of the Industry-level Sources of U.S. Economic Growth between 1987 and 2016

Corby Garner; Justin Harper; Thomas F. Howells III dkk.

International Productivity Monitor, Iss 36, Pp 187-203 (2019) · 2019 · Inggris · DOAJ

This article describes new historical statistics for the BEA-BLS integrated industry-level production account. The dataset includes KLEMS and integrated MFP measures that are consistent with the official BEA GDP by Industry statistics and now covers 1987-2016. The most important source of economic…

Toward a Global Integrated Industry-level Production Account: A Proposal

Jon D. Samuels; Erich H. Strassner

International Productivity Monitor, Iss 36, Pp 7-33 (2019) · 2019 · Inggris · DOAJ

This article develops the framework for a global production account. We describe the relationship between existing KLEMS approaches and databases, international guidelines on GDP and productivity measurement, and our proposal toward a global integrated production account. The key feature of the…

The Industry Anatomy of the Transatlantic Productivity Growth Slowdown: Europe Chasing the American Frontier

Robert J. Gordon; Hassan Sayed

International Productivity Monitor, Iss 37 (2019) · 2019 · Inggris · DOAJ

By merging KLEMS data covering 16 industry groups within the total economy and 11 manufacturing sub-industries, we compare and contrast productivity growth from 1950 to 2015 in the United States with an aggregate of the ten largest European nations (EU-10) from 1972 to 2015. We interpret the EU-10…

Global Value Chains and Productivity Growth in Advanced Economies: Does Intangible Capital Matter?

Cecilia Jona-Lasinio; Valentina Meliciani

International Productivity Monitor, Iss 36, Pp 53-78 (2019) · 2019 · Inggris · DOAJ

This article investigates the impact of participation in global value chains (GVCs) on productivity growth considering the mediating effect of investment in intangible assets. We explore the existence of synergies between intangible capital accumulation and GVC participation and their influence on…