TY - JOUR
T1 - Productivity Accounting in Vertically (Hyper-)integrated Terms: Bridging the Gap between Theory and Empirics
AU - Garbellini, Nadia
AU - Wirkierman, Ariel Luis
PY - 2014
Y1 - 2014
N2 - The present paper is a methodological contribution introducing a disaggregated physical productivity accounting framework in vertically (hyper-)integrated terms, establishing a direct correspondence between Supply-Use Tables and Pasinetti’s (1973, 1988) theoretical magnitudes. As an empirical application, we computed productivity indicators and indexes of direction of technical change at the subsystem level for the case of Italy during 1999-2007. Our findings suggest that: (a) only 60 per cent of productivity growth accrued to real wages, (b) the degree of mechanization increased, (c) the most dynamic subsystems correspond to consolidated sectors, and (d) technical change has almost always been capital intensity increasing.
AB - The present paper is a methodological contribution introducing a disaggregated physical productivity accounting framework in vertically (hyper-)integrated terms, establishing a direct correspondence between Supply-Use Tables and Pasinetti’s (1973, 1988) theoretical magnitudes. As an empirical application, we computed productivity indicators and indexes of direction of technical change at the subsystem level for the case of Italy during 1999-2007. Our findings suggest that: (a) only 60 per cent of productivity growth accrued to real wages, (b) the degree of mechanization increased, (c) the most dynamic subsystems correspond to consolidated sectors, and (d) technical change has almost always been capital intensity increasing.
KW - Input-Output Analysis
KW - Total Labour Productivity
KW - Vertical (hyper-)integration
KW - Input-Output Analysis
KW - Total Labour Productivity
KW - Vertical (hyper-)integration
UR - https://publicatt.unicatt.it/handle/10807/55601
UR - https://www.scopus.com/inward/citedby.uri?partnerID=HzOxMe3b&scp=84890235913&origin=inward
UR - https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=84890235913&origin=inward
U2 - 10.1111/meca.12036
DO - 10.1111/meca.12036
M3 - Article
SN - 0026-1386
VL - 65
SP - 154
EP - 190
JO - Metroeconomica
JF - Metroeconomica
IS - 1
ER -