Estimates of productivity change by industry: an evaluation and an alternative
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C.
Brookings Institution
c1989
|
| Schlagworte: | |
| Online-Zugang: | FAW01 FAW02 Volltext |
| Beschreibung: | Includes bibliographical references and index Annotation Government figures show that from 1948 to 1973 productivity increased at the same rate in the manufacturing and nonmanufacturing portions of American business. The same government figures indicate a dramatic shift in the 1980s, when productivity increased far more in manufacturing industries than in nonmanufacturing. Denison's analysis challenges the reality of this reported change. Denison focuses on the meaning and reliability of productivity series for industries within the business economy. His analysis divides into three parts. First, he finds that a large part of the difference between manufacturing and nonmanufacturing growth rates of output per hour stems from the computer industry. He argues that the effect of recent rapid productivity growth in computer production is greatly overstated because the weighting system used to combine products in output measurement exaggerates the importance of computers. Use of an output measure that does not deduct depreciation has the same effect. Denison also questions the way that output of computers is measured. Denison next examines the way changes in output per hour are allocated among industries. His evaluation leads to two major conclusions. One is that the information underlying the estimates is insufficient to warrant confidence in indicated differences among industries. The other is that, quite apart from the computer, the estimated increase in output per hour in the U.S. manufacturing in recent years is almost surely overstated and the increase in nonmanufacturing is correspondingly understated. The size of bias has, in all likelihood, increased over time. Denison recommends that the government introduce an alternative way of dividingthe economy for productivity measurement, one that measures productivity in the production of different types of final goods instead of by industry. He describes a methodology that could provide such estimates. The results, Denison contends, are more enlightening and th |
| Beschreibung: | 1 Online-Ressource (xiii, 78 p.) |
| ISBN: | 0585343160 0815718004 9780585343167 9780815718000 |
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| 500 | |a Annotation Government figures show that from 1948 to 1973 productivity increased at the same rate in the manufacturing and nonmanufacturing portions of American business. The same government figures indicate a dramatic shift in the 1980s, when productivity increased far more in manufacturing industries than in nonmanufacturing. Denison's analysis challenges the reality of this reported change. Denison focuses on the meaning and reliability of productivity series for industries within the business economy. His analysis divides into three parts. First, he finds that a large part of the difference between manufacturing and nonmanufacturing growth rates of output per hour stems from the computer industry. He argues that the effect of recent rapid productivity growth in computer production is greatly overstated because the weighting system used to combine products in output measurement exaggerates the importance of computers. Use of an output measure that does not deduct depreciation has the same effect. Denison also questions the way that output of computers is measured. Denison next examines the way changes in output per hour are allocated among industries. His evaluation leads to two major conclusions. One is that the information underlying the estimates is insufficient to warrant confidence in indicated differences among industries. The other is that, quite apart from the computer, the estimated increase in output per hour in the U.S. manufacturing in recent years is almost surely overstated and the increase in nonmanufacturing is correspondingly understated. The size of bias has, in all likelihood, increased over time. Denison recommends that the government introduce an alternative way of dividingthe economy for productivity measurement, one that measures productivity in the production of different types of final goods instead of by industry. He describes a methodology that could provide such estimates. The results, Denison contends, are more enlightening and th | ||
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Datensatz im Suchindex
| _version_ | 1804175487987089408 |
|---|---|
| any_adam_object | |
| author | Denison, Edward Fulton |
| author_facet | Denison, Edward Fulton |
| author_role | aut |
| author_sort | Denison, Edward Fulton |
| author_variant | e f d ef efd |
| building | Verbundindex |
| bvnumber | BV043088899 |
| collection | ZDB-4-EBA |
| ctrlnum | (OCoLC)47011794 (DE-599)BVBBV043088899 |
| dewey-full | 338/.06/0973 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 338 - Production |
| dewey-raw | 338/.06/0973 |
| dewey-search | 338/.06/0973 |
| dewey-sort | 3338 16 3973 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| era | Geschichte 1948-1986 gnd Geschichte 1948-1989 gnd |
| era_facet | Geschichte 1948-1986 Geschichte 1948-1989 |
| format | Electronic eBook |
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| spelling | Denison, Edward Fulton Verfasser aut Estimates of productivity change by industry an evaluation and an alternative Edward F. Denison Washington, D.C. Brookings Institution c1989 1 Online-Ressource (xiii, 78 p.) txt rdacontent c rdamedia cr rdacarrier Includes bibliographical references and index Annotation Government figures show that from 1948 to 1973 productivity increased at the same rate in the manufacturing and nonmanufacturing portions of American business. The same government figures indicate a dramatic shift in the 1980s, when productivity increased far more in manufacturing industries than in nonmanufacturing. Denison's analysis challenges the reality of this reported change. Denison focuses on the meaning and reliability of productivity series for industries within the business economy. His analysis divides into three parts. First, he finds that a large part of the difference between manufacturing and nonmanufacturing growth rates of output per hour stems from the computer industry. He argues that the effect of recent rapid productivity growth in computer production is greatly overstated because the weighting system used to combine products in output measurement exaggerates the importance of computers. Use of an output measure that does not deduct depreciation has the same effect. Denison also questions the way that output of computers is measured. Denison next examines the way changes in output per hour are allocated among industries. His evaluation leads to two major conclusions. One is that the information underlying the estimates is insufficient to warrant confidence in indicated differences among industries. The other is that, quite apart from the computer, the estimated increase in output per hour in the U.S. manufacturing in recent years is almost surely overstated and the increase in nonmanufacturing is correspondingly understated. The size of bias has, in all likelihood, increased over time. Denison recommends that the government introduce an alternative way of dividingthe economy for productivity measurement, one that measures productivity in the production of different types of final goods instead of by industry. He describes a methodology that could provide such estimates. The results, Denison contends, are more enlightening and th Geschichte 1948-1986 gnd rswk-swf Geschichte 1948-1989 gnd rswk-swf TECHNOLOGY & ENGINEERING / Industrial Technology bisacsh Industries fast Manufactures fast Manufacturing industries fast Productivité / États-Unis Industrie / États-Unis Industrie manufacturière / États-Unis Industrie Manufactures United States Manufacturing industries United States Industries United States Produktivität (DE-588)4047364-8 gnd rswk-swf Industrie (DE-588)4026779-9 gnd rswk-swf USA USA (DE-588)4078704-7 gnd rswk-swf USA (DE-588)4078704-7 g Industrie (DE-588)4026779-9 s Produktivität (DE-588)4047364-8 s Geschichte 1948-1989 z 1\p DE-604 Geschichte 1948-1986 z 2\p DE-604 http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=48828 Aggregator Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Denison, Edward Fulton Estimates of productivity change by industry an evaluation and an alternative TECHNOLOGY & ENGINEERING / Industrial Technology bisacsh Industries fast Manufactures fast Manufacturing industries fast Productivité / États-Unis Industrie / États-Unis Industrie manufacturière / États-Unis Industrie Manufactures United States Manufacturing industries United States Industries United States Produktivität (DE-588)4047364-8 gnd Industrie (DE-588)4026779-9 gnd |
| subject_GND | (DE-588)4047364-8 (DE-588)4026779-9 (DE-588)4078704-7 |
| title | Estimates of productivity change by industry an evaluation and an alternative |
| title_auth | Estimates of productivity change by industry an evaluation and an alternative |
| title_exact_search | Estimates of productivity change by industry an evaluation and an alternative |
| title_full | Estimates of productivity change by industry an evaluation and an alternative Edward F. Denison |
| title_fullStr | Estimates of productivity change by industry an evaluation and an alternative Edward F. Denison |
| title_full_unstemmed | Estimates of productivity change by industry an evaluation and an alternative Edward F. Denison |
| title_short | Estimates of productivity change by industry |
| title_sort | estimates of productivity change by industry an evaluation and an alternative |
| title_sub | an evaluation and an alternative |
| topic | TECHNOLOGY & ENGINEERING / Industrial Technology bisacsh Industries fast Manufactures fast Manufacturing industries fast Productivité / États-Unis Industrie / États-Unis Industrie manufacturière / États-Unis Industrie Manufactures United States Manufacturing industries United States Industries United States Produktivität (DE-588)4047364-8 gnd Industrie (DE-588)4026779-9 gnd |
| topic_facet | TECHNOLOGY & ENGINEERING / Industrial Technology Industries Manufactures Manufacturing industries Productivité / États-Unis Industrie / États-Unis Industrie manufacturière / États-Unis Industrie Manufactures United States Manufacturing industries United States Industries United States Produktivität USA |
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