Alternative Output, Input and Income Concepts for the Production Accounts

29 Pages Posted: 15 Feb 2023

See all articles by Erwin Diewert

Erwin Diewert

University of British Columbia (UBC)

Kevin J. Fox

UNSW Australia Business School, School of Economics

Date Written: October 10, 2022

Abstract

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

Diewert, Erwin and Fox, Kevin J., Alternative Output, Input and Income Concepts for the Production Accounts (October 10, 2022). UNSW Economics Working Paper 2022-05, Available at SSRN: https://ssrn.com/abstract=4243769 or http://dx.doi.org/10.2139/ssrn.4243769

Erwin Diewert

University of British Columbia (UBC) ( email )

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Vancouver, British Columbia BC V6T 1Z4
Canada

Kevin J. Fox (Contact Author)

UNSW Australia Business School, School of Economics ( email )

High Street
Sydney, NSW 2052
Australia
(02)9385-3320 (Phone)
(02)9313-6337 (Fax)

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