federal department of home affairs fdha federal statistical office fso ruth meier, director,...
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Federal Department of Home Affairs FDHAFederal Statistical Office FSO
Ruth Meier, Director, Economy, State and Social
Issues
SFSO
October 16th, 2006
OECD Workshop on Productivity
Multi-factor productivity measurement: From data pitfalls to problem solving – the Swiss way
2 OECD Workshop on ProductivityRuth Meier, SFSO
Federal Department of Home Affairs FDHAFederal Statistical Office FSO
Presentation
Institutional framework and constraints
From the production process …
… through the maze of specific issues..
… up to first results
Conclusion
3 OECD Workshop on ProductivityRuth Meier, SFSO
Federal Department of Home Affairs FDHAFederal Statistical Office FSO
Presentation
Institutional framework and constraints
From the production process …
… through the maze of specific issues..
… up to first results
Conclusion
4 OECD Workshop on ProductivityRuth Meier, SFSO
Federal Department of Home Affairs FDHAFederal Statistical Office FSO
Institutional framework and constraints
Constraint 1 Flexible accounting framework Heterogeneous information
Constraint 2 Unquoted enterprises:lack of regulation/information
Constraint 3 Limit statistical burden on enterprises
Constraint 4 International comparability:- central concern
Additional surveys: neither
wishful nor really useful
National AccountsOECD manuals
5 OECD Workshop on ProductivityRuth Meier, SFSO
Federal Department of Home Affairs FDHAFederal Statistical Office FSO
Presentation
Institutional framework and constraints
From the production process …
… through the maze of specific issues..
… up to first results
Conclusion
6 OECD Workshop on ProductivityRuth Meier, SFSO
Federal Department of Home Affairs FDHAFederal Statistical Office FSO
Production process
Gross fixed capital
formation
Capital stock
PIM
Capital service
s
Total factor inputs
Labor input
Age-efficiency profile
Age-price profilevia geometric
functionStandard efficiency
units
User Costs
Hours worked
Cost share of capital input
Gross Domestic
Product (GDP)
Multi-factor
productivity
Cost share of labor input
Interestrate
Depreciation
Holding gains/ losses
Assetprice
Depreciation
Index
Full-time equivale
nts
7 OECD Workshop on ProductivityRuth Meier, SFSO
Federal Department of Home Affairs FDHAFederal Statistical Office FSO
Presentation
Institutional framework and constraints
From the production process …
… through the maze of specific issues..
… up to first results
Conclusion
8 OECD Workshop on ProductivityRuth Meier, SFSO
Federal Department of Home Affairs FDHAFederal Statistical Office FSO
Gross fixed capital
formation
Capital stock
Capital service
s
Total factor inputs
Labor service
s
Standard efficiency
units
User Costs
Hours worked
Gross Domestic
Product (GDP)
Multi-factor
productivity
Specific issues:
9 OECD Workshop on ProductivityRuth Meier, SFSO
Federal Department of Home Affairs FDHAFederal Statistical Office FSO
Gross fixed capital
formation
Capital stock
Capital service
s
Total factor inputs
Labor service
s
Standard efficiency
units
User Costs
Hours worked
Gross Domestic
Product (GDP)
Multi-factor
productivity
Specific issues: Capital stock
Two issues:
- Lifetimes of assets National Accounts
- Back–calculations GDP / Historical
series of National AccountsCriteria: Coherent and transparent treatment
10 OECD Workshop on ProductivityRuth Meier, SFSO
Federal Department of Home Affairs FDHAFederal Statistical Office FSO
Gross fixed capital
formation
Capital stock
Capital service
s
Total factor inputs
Labor service
s
Standard efficiency
units
User Costs
Hours worked
Gross Domestic
Product (GDP)
Multi-factor
productivity
Specific issues: User Costs
Interestrate
Depreciation
Holding gains/ losses
Assetprice
Endogenous
Exogenous
Switzerland: Average
11 OECD Workshop on ProductivityRuth Meier, SFSO
Federal Department of Home Affairs FDHAFederal Statistical Office FSO
Gross fixed capital
formation
Capital stock
Capital service
s
Total factor inputs
Labor service
s
Standard efficiency
units
User Costs
Hours worked
Gross Domestic
Product (GDP)
Multi-factor
productivity
Specific issues: User Costs
Interestrate
Depreciation
Holding gains/ losses
Assetprice
- Relative volatility of prices
- Potentially negative user
costs
- Fitted Values used in
Switzerland
12 OECD Workshop on ProductivityRuth Meier, SFSO
Federal Department of Home Affairs FDHAFederal Statistical Office FSO
Presentation
Institutional framework and constraints
From the production process …
… through the maze of specific issues..
… up to first results
Conclusion
13 OECD Workshop on ProductivityRuth Meier, SFSO
Federal Department of Home Affairs FDHAFederal Statistical Office FSO
Main results for Switzerland:
14 OECD Workshop on ProductivityRuth Meier, SFSO
Federal Department of Home Affairs FDHAFederal Statistical Office FSO
0.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00
160.00
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
Agricultural assets
Equipment
Construction
Main results for Switzerland: Capital stock
components
15 OECD Workshop on ProductivityRuth Meier, SFSO
Federal Department of Home Affairs FDHAFederal Statistical Office FSO
-2.0%
-1.0%
0.0%
1.0%
2.0%
3.0%
4.0%
1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 p
MFP
Contribution of capital input
Contribution of labour input
Main results for Switzerland: GDP growth
decomposed
16 OECD Workshop on ProductivityRuth Meier, SFSO
Federal Department of Home Affairs FDHAFederal Statistical Office FSO
Main results: International comparisons
(1)MFP 1991 - 2003
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
Sw
itzerland
Spain
Italy
Japan
Denm
ark
Neth
erlands
Belg
ium
New
Zeala
nd
Canada
Gre
ece
Germ
any
US
A
Fra
nce
Sw
eden
Austr
alia
Unite
d K
ingdom
Fin
land
17 OECD Workshop on ProductivityRuth Meier, SFSO
Federal Department of Home Affairs FDHAFederal Statistical Office FSO
Main results: International comparisons
(2) Capitalistic intensity
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
5.0%
Fin
land
New
Zeala
nd
Neth
erlands
Belg
ium
Austr
alia
Sw
itzerland
Fra
nce
Canada
Germ
any
Denm
ark
Italy
Gre
ece
Sw
eden
Unite
d S
tate
s
Unite
d K
ingdom
Spain
Japan
18 OECD Workshop on ProductivityRuth Meier, SFSO
Federal Department of Home Affairs FDHAFederal Statistical Office FSO
Presentation
Institutional framework and constraints
From the production process …
… through the maze of specific issues..
… up to first results
Conclusion
19 OECD Workshop on ProductivityRuth Meier, SFSO
Federal Department of Home Affairs FDHAFederal Statistical Office FSO
Conclusion
Methodology sound, but…
… data shortcomings may impact on results
consolidation required
… new analytical framework and major additional
inputs for political debate
Asset lifetimes
Interest rates
Etc…