Producer Price Index Manual: Theory and Practice ... - METAC

Producer Price Index Manual
are then divided by labor input to the industry to
form estimates of industry labor productivity, or are
divided by an index of industry primary input usage
to form estimates of industry total factor productivity.
Productivity increases act as a primary driver of
increases in the standard of living of a country, so it
is of some interest to try and determine which industries
are the main drivers of productivity improvements.
6
6 For additional material on productivity measurement, see
OECD (2001).
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