International comparisons of productivity: recommended uses of the current and constant PPP approach
Economic and Labour Market Review
2007
8
August
33-39
comparison ; international ; productivity ; statistics
Production management
English
Bibliogr.
"The purpose of this article is to explain the differences between the current and constant purchasing power parity (PPP) approaches to producing estimates of international comparisons of productivity. This aims to outline and explain the context in which the respective approaches should be used. The Office for National Statistics (ONS) recommends that, for assessing differences in productivity levels, the current PPP approach should be used. For comparing differences in productivity growth across countries, the constant PPP approach should be used. This article marks the first time that ONS has produced volume growth rates for these productivity data using the constant PPP approach. These are presented towards the end of this article. "
Paper
The ETUI is co-funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the ETUI.