TY - JOUR TI - On Interindustry Differences in Absolute Productivity T2 - Journal of Political Economy IS - 6 KW - statistics KW - низкая продуктивность KW - рост продукции KW - статистический метод AB - In the literature, comparisons between absolute levels of productivity in different industries occur frequently. This paper explores the meaning and possible significance of such measures. Prices must be used to permit the required comparison of the outputs of different industries. It is shown that base-year weights produce a valid measure of productivity growth but not of absolute productivity level. Current price weights do yield a valid index of absolute productivity but one that tends to be equal for all industries because of the general equilibrium mechanism that reallocates resources from low-productivity to high-productivity industries. AU - Baumol, William Jack AU - Wolff, Edward N. UR - http://ecsocman.hse.ru/text/16583512/ PY - 1984 SP - 1017-1034 M2 - 1017 VL - 92 SN - N1 - LA - EN CY - PB - M3 - LB - VL - ER -