Skip to main content

Advertisement

Log in

Dissecting aggregate output and labour productivity change: a postscript on the role of relative prices

  • Published:
Journal of Productivity Analysis Aims and scope Submit manuscript

Abstract

This paper, a postscript to Balk (J Product Anal 42:35–43, 2014), highlights the role of relative price change in the relation between aggregate and unit-specific labour productivity change.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

Similar content being viewed by others

Notes

  1. See Diewert (2014) for an asymmetric, base period weighted, variant.

  2. Diewert (2014) noticed that for the case of Australia aggregate relative price change appeared to be insignificant. In Table 2 it is \(- 0.1725 + 0.1708 = 3.8860 - 3.8870 = - 0.0017\,\%\).

References

  • Balk BM (2014) Dissecting aggregate output and labour productivity change. J Product Anal 42:35–43

    Article  Google Scholar 

  • Diewert WE (2014) Decompositions of productivity growth into sectoral effects: some puzzles explained, Discussion paper 2014-10. School of Economics, University of British Columbia, Vancouver

  • Dumagan JC (2013) Relative price effects on decompositions of change in aggregate labor productivity, Discussion Paper Series No. 2013-44. Philippine Institute for Development Studies, Makati City

Download references

Acknowledgments

Thanks to Giannis Karagiannis for a useful suggestion.

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Bert M. Balk.

Rights and permissions

Reprints and permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

Dumagan, J.C., Balk, B.M. Dissecting aggregate output and labour productivity change: a postscript on the role of relative prices. J Prod Anal 45, 117–119 (2016). https://doi.org/10.1007/s11123-015-0433-3

Download citation

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1007/s11123-015-0433-3

Keywords

JEL classification

Navigation