Dissecting Aggregate Output and Labour Productivity Change

25 Pages Posted: 18 Nov 2011

Date Written: November 3, 2011

Abstract

This paper is about the relation between output and productivity measures for individual production units and those for aggregates such as industries, sectors, or economies. In the framework of discrete timeperiods several useful expressions are derived and confronted with results from the literature.

Keywords: productivity, aggregation, index number theory, profit, profitability, producer

Suggested Citation

Balk, Bert M., Dissecting Aggregate Output and Labour Productivity Change (November 3, 2011). ERIM Report Series Reference No. ERS-2011-023-MKT, Available at SSRN: https://ssrn.com/abstract=1961469

Bert M. Balk (Contact Author)

RSM Erasmus University ( email )

Burg Oudlaan 50
Rotterdam, 3062 PA
Netherlands

HOME PAGE: http://www.rsm.nl/bbalk

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