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Discussion Paper

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by Michael J. Harper, Bhavani Khandrika, Randal Kinoshita and ... 1977-1997 13 of 32 --- GH [2002] Limited comparability there is. now more detail in services ... – PowerPoint PPT presentation

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Title: Discussion Paper


1
  • Discussion Paper
  • Multifactor Productivity Contributions of U.S.
    Non-Manufacturing Industry Groups 1987-2005
  • by Michael J. Harper, Bhavani Khandrika, Randal
    Kinoshita and Steven Rosenthal
  • U.S. Bureau of Labor Statistics
  • May 1, 2008

2
A Brief History of Multifactor Productivity at BLS
3
1990s Attention to Weak Service Sector Data
  • Griliches AEA address
  • Boskin Commission
  • Corrado-Slifman 1999
  • New data have become available in recent years

4
BEA BLS Collaboration on Production Accounts
  • Input part of national accounts
  • FHPY Fully integrated set of detailed data from
    which many types of industry and aggregate
    measures emerge
  • Current agenda includes expanding aggregate
    measures, comparing industry measures and filling
    in industry
  • accounts

5
Sectoral Output
6
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7
Complete Elements of The Nominal Production
Account
8
  • Add the Time Element
  • Distinguish ps and qs

9
Aggregates Real Accounting
Definition AT ST - NIT Aggregate MFP
Results AT Sj1n(VYj/VST) Aj (Domar
1961) Sj1n (VYj/VST) 1
Sj1mSj1nSj1nVNi,j,k/VST
10
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13
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14
Negative MFP Trends
  • Counts of industries with (-) MFP trends
  • 1987-2005 16 of 42
  • 2000-2005 13 of 42
  • 1977-1997 13 of 32 --- GH 2002
  • Limited comparability there is
  • now more detail in services

15
Negative Productivity Trends
  • Effects on private business trend of raising (-)
    to zero
  • 1987-2000 0.27
  • 2000-2005 0.19
  • 1977-1997 0.3 --- GH 2002
  • 1977-1992 0.4 --- GH 1999
  • 1977-1997 0.4 --- Corrado
    -Slifman1999 (labor
    productivity)

16
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17
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18
Negative MFP Trends
  • Counts of industries with (-) trends where BLS
    DIPS has coverage
  • 1987-2005 2 of 11
  • 2000-2005 2 of 11
  • Counts of industries with (-) trends where BLS
    DIPS lacks coverage
  • 1987-2005 14 of 31
  • 2000-2005 11 of 31

19
Measuring Non-Manufacturing Productivity Are
we there yet?We may be closer
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