Browse

Productivity Measures and Sustainable Prosperity

Cited 0 time in Web of Science Cited 0 time in Scopus
Authors
Diewert, W. Erwin; Nakamura, Alice O.
Issue Date
2007-01
Publisher
Institute of Economic Research, Seoul National University
Citation
Seoul Journal of Economics, Vol.20 No.1, pp. 93-128
Keywords
Total factor productivityMultifactor productivityLabour productivityLiving standardsGross versus net outputDepreciation models
Abstract
The government of Korea is striving to achieve more rapid,

and sustainable, increases in economic output. We begin by

reviewing measures national governments can use to monitor

progress toward achieving sustainable prosperity. The various

indexes each involve a comparison of some measure of total

output volume with a measure of the total volume for specified

input factors.

The total output measure most used by national statistical

agencies is gross domestic product (GDP). We recommend other

output measures that would better capture exchange rate

effects, efficiency gains in intermediate product use, and the

depreciation of durable assets. The recommendations concerning

the treatment of durables are of special relevance for monitoring

progress toward sustainable prosperity. We also report on

progress toward accounting for the use of natural resource

assets and human environmental impacts. We conclude with

some thoughts on the meaning of sustainable prosperity and

options for achieving this.
ISSN
1225-0279
Language
English
URI
https://hdl.handle.net/10371/1376
Files in This Item:
Appears in Collections:
College of Social Sciences (사회과학대학)Institute of Economics Research (경제연구소)Seoul Journal of EconomicsSeoul Journal of Economics vol.20(1) (Spring 2007)
  • mendeley

Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.

Browse