Federal Department of Home Affairs FDHA Federal Statistical

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Federal Department of Home Affairs FDHA Federal Statistical Office FSO OECD Workshop on Productivity

Federal Department of Home Affairs FDHA Federal Statistical Office FSO OECD Workshop on Productivity Multi-factor productivity measurement: From data pitfalls to problem solving – the Swiss way Ruth Meier, Director, Economy, State and Social Issues SFSO October 16 th, 2006

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Presentation Institutional framework and

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Presentation Institutional framework and constraints From the production process … … through the maze of specific issues. . … up to first results Conclusion OECD Workshop on Productivity Ruth Meier, SFSO 2

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Presentation Institutional framework and

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Presentation Institutional framework and constraints From the production process … … through the maze of specific issues. . … up to first results Conclusion OECD Workshop on Productivity Ruth Meier, SFSO 3

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Institutional framework and constraints

Federal Department of Home Affairs FDHA Federal 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 OECD Workshop on Productivity Ruth Meier, SFSO Additional surveys: neither wishful nor really useful National Accounts OECD manuals 4

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Presentation Institutional framework and

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Presentation Institutional framework and constraints From the production process … … through the maze of specific issues. . … up to first results Conclusion OECD Workshop on Productivity Ruth Meier, SFSO 5

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Production process Full-time equivalent

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Production process Full-time equivalent s Age-efficiency profile Age-price profile via geometric fixed function Standard Gross capital formation PIM Depreciation User Costs Capital stock Asset price efficiency units Interest rate Depreciation Cost share of capital input Holding gains/ losses Gross Domestic Product (GDP) OECD Workshop on Productivity Ruth Meier, SFSO Labor input Capital services Index Hours worked Cost share of labor input Total factor inputs Multi-factor productivity 6

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Presentation Institutional framework and

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Presentation Institutional framework and constraints From the production process … … through the maze of specific issues. . … up to first results Conclusion OECD Workshop on Productivity Ruth Meier, SFSO 7

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Specific issues: Gross fixed

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Specific issues: Gross fixed capital formation Capital stock Hours worked Standard efficiency units Capital services Labor services User Costs Total factor inputs Gross Domestic Product (GDP) OECD Workshop on Productivity Ruth Meier, SFSO Multi-factor productivity 8

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Specific issues: Capital stock

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Specific issues: Capital stock Gross fixed capital formation Capital stock Hours worked Standard Two issues: - efficiency unitsof Lifetimes assets Capital National services Labor services Accounts - Back–calculations GDP / User Costs Historical series of National Total factor Accounts inputs Criteria: Coherent and transparent treatment Gross Domestic Product (GDP) OECD Workshop on Productivity Ruth Meier, SFSO Multi-factor productivity 9

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Specific issues: User Costs

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Specific issues: User Costs Standard efficiency units Gross fixed capital formation Capital services Labor services User Costs Capital stock Asset price Hours worked Interest rate Endogenous Depreciation Exogenous Switzerland: Average OECD Workshop on Productivity Ruth Meier, SFSO Holding gains/ losses Gross Domestic Product (GDP) Total factor inputs Multi-factor productivity 10

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Specific issues: User Costs

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Specific issues: User Costs Standard efficiency units Gross fixed capital formation Capital services Labor services User Costs Capital stock Asset price Hours worked Interest rate Depreciation Holding gains/ losses Domestic - Relative. Gross volatility of prices Product (GDP) - Potentially negative user costs Total factor inputs Multi-factor productivity - Fitted Values used in OECD Workshop on Productivity Ruth Meier, SFSO Switzerland 11

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Presentation Institutional framework and

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Presentation Institutional framework and constraints From the production process … … through the maze of specific issues. . … up to first results Conclusion OECD Workshop on Productivity Ruth Meier, SFSO 12

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Main results for Switzerland:

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Main results for Switzerland: OECD Workshop on Productivity Ruth Meier, SFSO 13

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Main results for Switzerland:

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Main results for Switzerland: Capital stock components OECD Workshop on Productivity Ruth Meier, SFSO 14

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Main results for Switzerland:

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Main results for Switzerland: GDP growth decomposed OECD Workshop on Productivity Ruth Meier, SFSO 15

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Main results: International comparisons

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Main results: International comparisons (1) OECD Workshop on Productivity Ruth Meier, SFSO 16

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Main results: International comparisons

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Main results: International comparisons (2) OECD Workshop on Productivity Ruth Meier, SFSO 17

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Presentation Institutional framework and

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Presentation Institutional framework and constraints From the production process … … through the maze of specific issues. . … up to first results Conclusion OECD Workshop on Productivity Ruth Meier, SFSO 18

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Conclusion Methodology sound, but…

Federal Department of Home Affairs FDHA Federal Statistical Office FSO Conclusion Methodology sound, but… … data shortcomings may impact on results consolidation required Asset lifetimes … new analytical framework and major additional inputs for Interest rates political debate OECD Workshop on Productivity Ruth Meier, SFSO Etc… 19