Productivity Measurement in Manufacturing and the Expenditure Approach

Research output: Contribution to journal › Journal article › Research › peer-review

Standard

Productivity Measurement in Manufacturing and the Expenditure Approach. / Schjerning, Bertel; Sørensen, Anders.

In: Review of International Economics, Vol. 16, No. 2, 2008, p. 327-340.

Research output: Contribution to journal › Journal article › Research › peer-review

Harvard

Schjerning, B & Sørensen, A 2008, 'Productivity Measurement in Manufacturing and the Expenditure Approach', Review of International Economics, vol. 16, no. 2, pp. 327-340. https://doi.org/10.1111/j.1467-9396.2007.00720.x

APA

Schjerning, B., & Sørensen, A. (2008). Productivity Measurement in Manufacturing and the Expenditure Approach. Review of International Economics, 16(2), 327-340. https://doi.org/10.1111/j.1467-9396.2007.00720.x

Vancouver

Schjerning B, Sørensen A. Productivity Measurement in Manufacturing and the Expenditure Approach. Review of International Economics. 2008;16(2):327-340. https://doi.org/10.1111/j.1467-9396.2007.00720.x

Author

Schjerning, Bertel ; Sørensen, Anders. / Productivity Measurement in Manufacturing and the Expenditure Approach. In: Review of International Economics. 2008 ; Vol. 16, No. 2. pp. 327-340.

Bibtex

@article{8167b160c31c11dd8ca2000ea68e967b,
title = "Productivity Measurement in Manufacturing and the Expenditure Approach",
abstract = "This paper studies conversion factors based on the expenditure approach and evaluates the appropriateness for international comparisons of output levels in manufacturing. We apply a consistency check based on the insight that relative productivity levels should be invariant to the choice of base year. Consequently, convergence parameters and dispersion of productivity across countries should also be unaffected by this choice. The results are disappointing: relative measures of productivity depend heavily of the choice of base year and change systematically as the base years roll forward. The conclusion is insensitive to the applied method for developing conversion factors. The implication is that we cannot measure relative productivity levels in manufacturing across countries using the expenditure approach.",
author = "Bertel Schjerning and Anders S{\o}rensen",
year = "2008",
doi = "10.1111/j.1467-9396.2007.00720.x",
language = "English",
volume = "16",
pages = "327--340",
journal = "Review of International Economics",
issn = "0965-7576",
publisher = "Wiley-Blackwell",
number = "2",

}

RIS

TY - JOUR

T1 - Productivity Measurement in Manufacturing and the Expenditure Approach

AU - Schjerning, Bertel

AU - Sørensen, Anders

PY - 2008

Y1 - 2008

N2 - This paper studies conversion factors based on the expenditure approach and evaluates the appropriateness for international comparisons of output levels in manufacturing. We apply a consistency check based on the insight that relative productivity levels should be invariant to the choice of base year. Consequently, convergence parameters and dispersion of productivity across countries should also be unaffected by this choice. The results are disappointing: relative measures of productivity depend heavily of the choice of base year and change systematically as the base years roll forward. The conclusion is insensitive to the applied method for developing conversion factors. The implication is that we cannot measure relative productivity levels in manufacturing across countries using the expenditure approach.

AB - This paper studies conversion factors based on the expenditure approach and evaluates the appropriateness for international comparisons of output levels in manufacturing. We apply a consistency check based on the insight that relative productivity levels should be invariant to the choice of base year. Consequently, convergence parameters and dispersion of productivity across countries should also be unaffected by this choice. The results are disappointing: relative measures of productivity depend heavily of the choice of base year and change systematically as the base years roll forward. The conclusion is insensitive to the applied method for developing conversion factors. The implication is that we cannot measure relative productivity levels in manufacturing across countries using the expenditure approach.

U2 - 10.1111/j.1467-9396.2007.00720.x

DO - 10.1111/j.1467-9396.2007.00720.x

M3 - Journal article

VL - 16

SP - 327

EP - 340

JO - Review of International Economics

JF - Review of International Economics

SN - 0965-7576

IS - 2

ER -

ID: 8878665