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Productivity accounting in vertically (hyper-) integrated terms: bridging the gap between theory and empirics

journal contribution
posted on 2023-06-09, 02:01 authored by Nadia Garbellini, Ariel Luis Wirkierman
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.

History

Publication status

  • Published

Journal

Metroeconomica

ISSN

0026-1386

Publisher

Wiley-Blackwell

Issue

1

Volume

65

Page range

154-190

Department affiliated with

  • SPRU - Science Policy Research Unit Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2016-07-04

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