Development of sectoral productivity in context of output fluctuation

The main aim of this paper is to compare development of sectoral productivity in context of economic output. Period under consideration is last 15 years. The theoretic basis is theory real business cycle and the neo-classical growth model. The productivity was measured by labour productivity, capital productivity and total factor productivity (TFP) in sectors of the economy. The analysis has showed with helping correlation matrix, that productivity of single sectors and fluctuation of output has no the same development. Variation in economy performance is positive correlation with productivity in the secondary sector (industry) and negative with productivity of primary sector. In the field of private and public services is no significant relation between productivity and fluctuation of output.