Dissecting Aggregate Output and Labour Productivity Change
25 Pages Posted: 18 Nov 2011
Date Written: November 3, 2011
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
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