Ruth Meier, Director, Economy, State and Social Issues

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OECD Workshop on ProductivityMulti-factor
productivity measurement From data pitfalls to
problem solving the Swiss way

• Ruth Meier, Director, Economy, State and Social
  Issues
• SFSOOctober 16th, 2006

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Presentation

• Institutional framework and constraints
• From the production process
• through the maze of specific issues..
• up to first results
• Conclusion

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Presentation

• Institutional framework and constraints
• From the production process
• through the maze of specific issues..
• up to first results
• Conclusion

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Institutional framework and constraints
Constraint 1 Flexible accounting framework ?
Heterogeneous information Constraint 2 Unquoted
enterpriseslack of regulation/information Const
raint 3 Limit statistical burden on
enterprises Constraint 4 International
comparability- central concern
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Presentation

• Institutional framework and constraints
• From the production process
• through the maze of specific issues..
• up to first results
• Conclusion

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Production process
Age-efficiency profileAge-price profilevia
geometric function
Index
PIM
Depreciation
Cost share of capital input
Cost share of labor input
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Presentation

• Institutional framework and constraints
• From the production process
• through the maze of specific issues..
• up to first results
• Conclusion

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Specific issues
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Specific issues Capital stock
Capital stock
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Specific issues User Costs
User Costs
Capital stock
Endogenous
Exogenous
Switzerland Average
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Specific issues User Costs
User Costs
Capital stock
- Relative volatility of prices- Potentially
negative user costs- Fitted Values used in
Switzerland
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Presentation

• Institutional framework and constraints
• From the production process
• through the maze of specific issues..
• up to first results
• Conclusion

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Main results for Switzerland
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Main results for Switzerland Capital stock
components
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Main results for Switzerland GDP growth
decomposed
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Main results International comparisons (1)
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Main results International comparisons (2)
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Presentation

• Institutional framework and constraints
• From the production process
• through the maze of specific issues..
• up to first results
• Conclusion

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Conclusion

• Methodology sound, but
• data shortcomings may impact on results
• ? consolidation required
• new analytical framework and major additional
  inputs for political debate

Asset lifetimes Interest rates Etc