Productivity Accounting in Vertically (Hyper-) integrated Terms: Bridging the Gap between Theory and Empirics

Garbellini, Nadia and Wirkierman, Ariel Luis. 2014. Productivity Accounting in Vertically (Hyper-) integrated Terms: Bridging the Gap between Theory and Empirics. Metroeconomica, 65(1), pp. 154-190. ISSN 0026-1386 [Article]

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Abstract or Description

The present paper is a methodological contribution introducing a disaggregated physical productivity accounting framework in vertically (hyper‐)integrated terms, establishing a direct correspondence between Supply–Use Tables and Pasinetti's (1973, 1988) theoretical magnitudes. As an empirical application, we computed productivity indicators and indexes of direction of technical change at the subsystem level for the case of Italy during 1999–2007. Our findings suggest that: (a) only 60 per cent of productivity growth accrued to real wages, (b) the degree of mechanization increased, (c) the most dynamic subsystems correspond to consolidated sectors, and (d) technical change has almost always been capital intensity increasing.

Item Type:

Article

Identification Number (DOI):

https://doi.org/10.1111/meca.12036

Departments, Centres and Research Units:

Institute of Management Studies

Dates:

DateEvent
February 2014Published
8 September 2013Published Online

Item ID:

24478

Date Deposited:

08 Oct 2018 11:05

Last Modified:

18 May 2020 10:11

Peer Reviewed:

Yes, this version has been peer-reviewed.

URI:

http://research.gold.ac.uk/id/eprint/24478

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