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Economy > Productivity > Growth accounts for OECD countries > Contributions to GDP growth > Multi-factor productivity: Countries Compared

DEFINITION: The growth accounting approach is based on the micro-economic theory of production and directly related to the calculation of multi-factor productivity (MFP) growth. MFP growth is measured by deducting from output growth the growth of labour and capital inputs. Turned around, the same relation can be used to explain output growth by the rates of change of labour and capital inputs and by MFP growth.

In these calculations, the growth rate of labour and capital inputs is weighted with their share in total costs. Thus, the contribution of labour to GDP growth is measured as the speed with which labour input grows, multiplied by the relative importance of labour captured by its share in total costs. The growth contributions of capital or of certain types of capital are measured in a similar way so that the growth contribution always reflects two effects, the growth rate of the input and its relative importance in production.

CONTENTS

# COUNTRY AMOUNT DATE GRAPH
1 Ireland 3.25% 2009
2 Finland 1.88% 2009
3 Japan 1.59% 2009
4 France 1.34% 2009
5 Belgium 1.3% 2009
6 Portugal 1.19% 2009
7 Netherlands 1.18% 2009
8 Sweden 1.18% 2009
9 United Kingdom 1.12% 2009
10 Austria 1.05% 2009
11 United States 1.04% 2009
12 Germany 1.03% 2009
Group of 7 countries (G7) average (profile) 1.02% 2009
13 Australia 1% 2009
14 Denmark 0.798% 2009
15 Switzerland 0.731% 2009
16 Italy 0.573% 2009
17 Canada 0.462% 2009
18 New Zealand 0.412% 2009
19 Spain 0.171% 2009

Citation

"Countries Compared by Economy > Productivity > Growth accounts for OECD countries > Contributions to GDP growth > Multi-factor productivity. International Statistics at NationMaster.com", OECD Country statistical profiles 2009. Aggregates compiled by NationMaster. Retrieved from http://www.nationmaster.com/country-info/stats/Economy/Productivity/Growth-accounts-for-OECD-countries/Contributions-to-GDP-growth/Multi--factor-productivity

Economy > Productivity > Growth accounts for OECD countries > Contributions to GDP growth > Multi-factor productivity: Countries Compared Map

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