Alternative Output, Input and Income Concepts for the Production Accounts
29 Pages Posted: 15 Feb 2023
Date Written: October 10, 2022
Definitions of output and input are key to studies of productivity analysis, as they are to the national accounts of countries. This paper systematically reviews alternative definitions at production unit and aggregate levels, illustrating the different perspectives that they provide on production and income, and making the case for their use in understanding different aspects of firm and country economic performance.
Keywords: Production, Income, System of National Accounts, Productivity, Capital
JEL Classification: D24, E01, E23
Suggested Citation: Suggested Citation