The concepts described on these pages are words and expressions used in statistics with a specific, limited meaning. In everyday speech the word may have a different meaning. In connection with each definition you can find information about which sets of statistics use the concept.
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Multi-factor productivity based on value added
By definition, value added is output minus intermediate consumption. When applying value added calculation for assessing multi-factor productivity, the contributions of capital and labour are deducted from the change in value added, i.e. ?multifactor productivity?_(value added)=change in value added-(contributions of capital + labour)
Statistics using the definition
Validity of the definition
- Valid until (31 December 2078)