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Definition: Productivity change
Category: OECD terminology
Conceptually, the combined effects of changes in technical efficiency, allocative efficiency, disembodied technical change and economies of scale. When measured residually, additional factors bear on the residual, in particular the rate of capacity utilisation and measurement errors. http://ec.europa.eu/eurostat/ramon/statmanuals/files/oecd_measuring_productivity_2001_en.pdf
Source:
Organization for Economic Cooperation and Development (OECD), "Measuring Productivity - OECD Manual: Measurement of Aggregate and Industry-Level Productivity Growth", Paris, 2001
Organization for Economic Cooperation and Development (OECD), "Measuring Productivity - OECD Manual: Measurement of Aggregate and Industry-Level Productivity Growth", Paris, 2001
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