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

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Abstract

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
Schools and Departments: School of Business, Management and Economics > SPRU - Science Policy Research Unit
Subjects: H Social Sciences > HB Economic theory. Demography > HB0075 History of economics. History of economic theory Including special economic schools
H Social Sciences > HB Economic theory. Demography > HB0241 Production. Theory of the firm. Supply-side economics
Depositing User: Ariel Wirkierman
Date Deposited: 04 Jul 2016 15:55
Last Modified: 04 Jul 2016 15:55
URI: http://sro.sussex.ac.uk/id/eprint/61874
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