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Productivity: Concepts, Measurement & Performance

`. RESEARCH PAPER Productivity: Concepts, Measurement & Performance December 2016. Table of Contents Table of Contents FOREWORD IV. PRODUCT IVITY: CONCE P TS, Measurement A ND Performance V. 1 PRODUCT IVITY CONCE PT S 1. What is productiv ity? 1. Why doe s pr oductivity matter? 1. Determinants of pr oductiv ity grow th 3. 2 Measurement OF PRODU CTIVITY 4. Indica tor s 4. Coverage and units of Measurement 6. Limita tions of me asure ment 6. 3 QUEENSLAND PROD UCT IV ITY PER FORMANCE 8. MFP and labour pr oductivity 8. A global producti v ity challe nge 11. Industry labour pr oductivity growth 14. Productivity and gr owth in incomes 16. Productivity gaps and convergence 18. 4 POLICY AND PR OD UCTIVITY 24. Policy fra mework 24. APPENDIX A : GROWTH ACCOUNTING 26. APPENDIX B : PRODUCTIVITY AND COMPONENT INDICES 28. REFERENCES 29. Queensl and Productivity Commission Productivity: Concepts, Measurement and Performance ii The Role of the QPC.

output measurement in those industries with a high proportion of government service provision, ... is using its resources (labour, materials and capital) in the production process ... using an optimal combination of labour and capital to maximise output at least cost, given

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