Labour productivity in the U.S. non-farm business sector grew two and a half per cent per year during the 1995 …-2005 period, nearly double its growth rate over the previous two decades. Services sector labour productivity (LP) and multifactor … productivity (MFP) grew more rapidly and substantially exceeded productivity accelerations in the goods sector. We show that the …

additional improvements. We conclude that the state of U.S. data for services industry productivity measurement is far better … of the services sector in GDP and its importance as a contributor to recent productivity advance justifies a further …

Brief introduction to the symposium highlighting the importance of price measurement for reliable productivity … estimates. Accurate price indexes are essential for reliable productivity measurement. the author points out that a one … consequent productivity growth. An upward bias in price indexes implies that productivity growth is being underestimated. …