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Government figures show that from 1948 to 1973 productivity increased at the same rate in the manufacturing and nonmanufacturing portions of American business. The same government figures indicate a dramatic shift in the 1980s, when productivity increased far more in manufacturing industries than in nonmanufacturing. Denison's analysis challenges the reality of this reported change. Denison focuses on the meaning and reliability of productivity series for industries within the business economy. His analysis divides into three parts. First, he finds that a large part of the difference between manufacturing and nonmanufacturing growth rates of output per hour stems from the computer industry. He argues that the effect of recent rapid productivity growth in computer production is greatly overstated because the weighting system used to combine products in output measurement exaggerates the importance of computers. Use of an output measure that does not deduct depreciation has the same effect. Denison also questions the way that output of computers is measured. Denison next examines the way changes in output per hour are allocated among industries. His evaluation leads to two major conclusions. One is that the information underlying the estimates is insufficient to warrant confidence in indicated differences among industries. The other is that, quite apart from the computer, the estimated increase in output per hour in the U.S. manufacturing in recent years is almost surely overstated and the increase in nonmanufacturing is correspondingly understated. The size of bias has, in all likelihood, increased over time. Denison recommends that the government introduce an alternative way of dividing the economy for productivity measurement, one that measures productivity in the production of different types of final goods instead of by industry. He describes a methodology that could provide such estimates. The results, Denison contends, are more enlightening and the problems encountered in estimating productivity by industry can be avoided.
Edward F. Denison is a senior fellow emeritus in Economic Studies at the Brookings Institution.
Titolo: Estimates of Productivity Change by Industry...
Casa editrice: Brookings Institution Press
Data di pubblicazione: 1989
Condizione libro: very good
Descrizione libro Brookings Institution, 1989. Condizione libro: Good. This is an ex-library book and may have the usual library/used-book markings inside.This book has hardback covers. In good all round condition. No dust jacket. Codice libro della libreria 4883480
Descrizione libro Brookings Institution Press, 1989. Hardcover. Condizione libro: Acceptable. Acceptable as a reading copy. Book contents in good shape. All proceeds from purchases from BooksKC go to benefit the Rehabilitation Institute of Kansas City, a nonprofit organization which provides job services, training, and employment to individuals with disabilities. Codice libro della libreria mon0000041806
Descrizione libro Brookings Institution Press. Hardcover. Condizione libro: Fair. Codice libro della libreria G0815718004I5N00
Descrizione libro Condizione libro: Used: Very Good. Very clean, Ex University library. Hardcover, no dustjacket. Codice libro della libreria 0512O2ZUVR1
Descrizione libro Brookings Institution Press, U.S.A., 1989. Hardcover. Condizione libro: As New. Condizione sovraccoperta: As New. Brookings Institution Press, 1989. Book Condition:As New. Dust jacket condition: As new. Grey boards with black lettering. Book in mint condition. Spine tight, Pages clean and crisp. No owner inscriptions or markings.A very nice copy. Codice libro della libreria 000566
Descrizione libro The Brookings Institute, Washington D.C., 1989. Cloth. Condizione libro: Fine in Near Fine dj. 8vo. 78 pp. Dj has light sunning to spine, small tear to top edge. Challenges the government report that indicated a large increase in manufacuring industry's productivity over the nonmanufacturing sector. Codice libro della libreria 44092
Descrizione libro Brookings Institution Press, 1989. Hardcover. Condizione libro: Good. Good condition, some are ex-library and can have markings. Codice libro della libreria GD-058-40-7482807
Descrizione libro Brookings Institution Press, 1989. Hardcover. Condizione libro: Very Good. Very good. Codice libro della libreria HH-058-40-7482807
Descrizione libro Brookings Institution Press, 1989. Hardcover. Condizione libro: Used: Good. Codice libro della libreria SONG0815718004