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A factor-price frontier framework is used to clarify the analogy of an increase (decrease) in raw material prices with that of autonomous technological regress (progress). Factor-price profiles estimated for the United States, the United Kingdom, Germany, and Japan bring out the major role of raw materials in the profit and product wage squeeze after 1972, with some differences between countries. The production model, in conjunction with estimates obtained from the factor-price frontier, attributes almost all the slowdown in total productivity to the rise in relative raw material prices. It is also shown that part of the apparent productivity riddle has to do with the common use of double-deflated national accounting measures of value added, which have an inherent measurement bias.
Industrial productivity --- Industrial productivity --- Industrial productivity
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"This volume is the second of a series of Supplements to OECD Papers gathering together the background papers for the OECD Growth Project. Others will be issued as material becomes available.
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Cette édition de la publication Statistiques de l'OCDE STAN pour l'analyse structurelle 2020 est un outil utile en matière de recherche et d'analyse économiques internationales. Elle reflète les grandes tendances des diverses branches d'activité et souligne les liens qui les unissent.
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STAN: OECD Structural Analysis Statistics 2020 provides analysts and researchers with a comprehensive tool for analysing industrial performance across countries.
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Food security and accessibility are being threatened by climate change, inadequate agricultural practices, and poor post-harvest techniques, among other factors. This book discusses sustainable approaches that can be utilized to ensure food security, such as fortification of bioactive components, genetic modification of food, and utilization of insects as food. It also describes practices to improve agricultural productivity and discusses the impact of natural disasters on food security.
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