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Productivity is commonly defined as a ratio of a volume measure of output to a volume measure of input use. While there is no disagreement on this general notion, a look at the productivity literature and its various applications reveals very quickly that there is neither a unique purpose for nor a single measure.

Source Publication:
OECD Productivity Manual: A Guide to the Measurement of Industry-Level and Aggregate Productivity Growth, OECD, Paris, March 2001, page 9.


Statistical Theme: National accounts

Created on Tuesday, September 25, 2001

Last updated on Tuesday, November 20, 2001