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Paul V. Kern
Economist, Office of Productivity and
Technology, Bureau of Labor Statistics
Thomas M. Muth II
Economist, formerly in the Office of Productivity and Technology,
Bureau of Labor Statistics
On average, multifactor productivity showed no growth over the 1963-91 period. A 0.9-percent average gain in labor productivity was due entirely to increases in capital and intermediate purchases relative to labor. This article presents for the first time a multifactor productivity measure for the metal stampings industry, whose labor productivity has been measured since 1985.
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