Measuring Productivity | OECD Manual

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Measures of productivity growth constitute core indicators for the analysis of economic growth. However, there are many different approaches to productivity measurement and their calculation and interpretation requires careful consideration, in particular when undertaking international comparisons. The OECD Productivity Manual is the first comprehensive guide to the various productivity measures aimed at statisticians, researchers and analysts involved in constructing industry-level productivity indicators. The Manual presents the theoretical foundations to productivity measurement, and discusses implementation and measurement issues. The text is accompanied by empirical examples from OECD countries and by numerical examples to enhance its readability. The Manual also offers a brief discussion of the interpretation and use of productivity measures. This manual is a joint product between the OECD Directorate for Science, Technology and Industry and the OECD Statistics Directorate. It has been authored by Paul Schreyer to whom comments and questions should be addressed. However, the manual would not have been possible without the active advice and review process of the Statistical Working Party of the OECD Industry Committee and an informal expert group (see Annex 7 for list of participants), both chaired by Edwin Dean (formerly of the United States Bureau of Labor Statistics). The report is published on the responsibility of the Secretary-General of the OECD.