Property services productivity: 1996–2009 presents the official estimates of labour, capital, and multifactor productivity (MFP) growth rates for the property services industry. Contributions to output growth and to labour productivity growth are presented within a growth accounting framework. The statistics presented in this paper are consistent with those released in Industry Productivity Statistics: 1978–2009, and cover the period 1996–2009. Before 1996 the output measures were not derived independently of the labour input in the production process, implying zero labour productivity growth.
In compiling these new measures, Statistics New Zealand followed the methods outlined in the Organisation for Economic Co-operation and Development (OECD) manual, Measuring Productivity: Measurement of Aggregate and Industry-level Productivity Growth (2001).
Published March 2011
ISBN 978-0-478-37701-9 (online)
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