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Title: New currents in productivity analysis: where to now?-[World Wide Web]

Notes: The aim of this book is four-fold. The first is to review the main total factor productivity (TFP) growth measurement techniques and to provide an update on the latest approaches in the continuously expanding research field of productivity measurement. The problems and advantages underlying the measurement and interpretation of TFP growth are also summarized. The view of the author is that productivity is an essential concept for analysis as well as policy orientation in the long term. The second aim of this book is to discuss the underlying theory of the sources of output growth and TFP growth. The relationship between the partial measures of labor and capital productivity and TFP growth is also examined to make explicit the conceptual links between them. Second, an empirical investigation is undertaken using the recent panel data set of various countries from 1990-99, compiled and published in the 2001 Asian Productivity Organization (APO) publication APO Asia-Pacific Productivity Data and Analysis. Great effort was devoted to coordinating and compiling in a single publication data on many variables related to productivity growth for those economies. The present volume provides some empirical analysis based on the compiled data set to understand what drives TFP growth and to analyze the policy implications for sustained growth in the Asia-Pacific region. The third aim of the book is to highlight the effect on productivity of the ""new economy,"" which is characterized by computers and the era of information technology. For some reason, these have failed to bring about the expected increase in productivity growth, and the issues underlying such a productivity paradox are discussed. The fourth aim of this book is to suggest how more can be done in productivity research by the APO. This focuses on the importance of various aspects of productivity analysis that have yet to be undertaken.

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