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VALUE ADDED FUNCTION

Statistics Directorate    
Definition:
The value added function indicates the maximum amount of current-price value-added that an establishment or industry can generate, given a set of prices for its output and for its intermediate inputs, and given a certain quantity of primary inputs.

Source Publication:
OECD Productivity Manual: A Guide to the Measurement of Industry-Level and Aggregate Productivity Growth, OECD, Paris, March 2001, Annex 1 – Glossary.

Hyperlink:
http://www.oecd.org/dataoecd/59/29/2352458.pdf

Statistical Theme: National accounts

Created on Tuesday, September 25, 2001

Last updated on Monday, November 19, 2001