Productivity
Subtitle: what is it, and why do we care about it?
By: Charles Steindel and Kevin Stiroh.
Contributors: Stiroh, Kevin J.; Federal Reserve Bank of New York.
Series: Staff reports ;; no. 122; Staff reports (Federal Reserve Bank of New York : Online) ;; no. 122.
Publisher: Federal Reserve Bank of New York
Published: 2001
Place of publication: [New York, N.Y.]
Language: eng
Format: Electronic resource
Subjects: Industrial productivity.
Description: "Economists, business analysts, and policymakers have all focused considerable attention on U.S.  productivity growth in recent years.  This paper presents a broad overview of productivity--both labor and total factor--and discusses why it is such an important topic.  We begin with the official U.S.  productivity statistics prepared by the U.S.  Bureau of Labor Statistics and discuss several stylized facts.  We show how productivity relates to critically important variables like long-run growth, living standards, and inflation.  We then describe the proximate factors that determine labor productivity using a standard growth accounting framework.  Finally, we outline a series of unresolved productivity issues that have direct implications for the future of the U.S.  economy"--Federal Reserve Bank of New York web site.
Notes: Includes bibliographical references.
Title from PDF file as viewed on 2/22/2005.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.