Multifactor productivity, value-added, capital input and labour input in the aggregate business sector and major sub-sectors, by industry [36100208]

The business sector covers the whole economy less public administration, non-profit institutions and the rental value of owner-occupied dwellings. Multifactor productivity measures the efficiency with which all inputs are used in production. It is the ratio of real gross domestic product (GDP) to combined labour and capital inputs. Labour productivity is measured as real gross domestic product (GDP) per hours worked. It shows the time profile of how productively labour is used to generate value-added. Changes in value-added-based labour productivity reflect the joint influence of capital, skill upgrading, and overall productive efficiency. Capital productivity is measured as real gross domestic product (GDP) per unit of capital services. Real gross domestic product (GDP) (or real value-added) is a chained Fisher quantity index of gross domestic product (GDP) at basic prices. Labour input is obtained by chained-Fisher aggregation of hours worked of all workers, classified by education, work experience, and class of workers (paid workers versus self-employed and unpaid family workers) using hourly compensation as weights. The number of hours worked in all jobs is the number of all jobs times the annual average hours worked in all jobs. According to the retained definition, hours worked means the total number of hours that a person spends working, whether paid or not. In general, this includes regular and overtime hours, breaks, travel time, training in the workplace and time lost in brief work stoppages where workers remain at their posts. On the other hand, time lost due to strikes, lockouts, annual vacation, public holidays, sick leave, maternity leave or leave for personal needs are not included in total hours worked. Labour composition is the ratio of labour input to hours worked. Changes in labour composition reflect the shifts in the educational attainment and work experience of the workforce. Labour input of workers with primary or secondary education is obtained by chained-Fisher aggregation of hours worked of those workers, classified by work experience, and class of workers (paid workers versus self-employed and unpaid family workers) using hourly compensation as weights. Labour input of workers with some or completed postsecondary certificate or diploma is obtained by chained-Fisher aggregation of hours worked of those workers, classified by work experience, and class of workers (paid workers versus self-employed and unpaid family workers) using hourly compensation as weights. Workers with some or completed postsecondary certificate or diploma include those who attended university but did not obtain a Bachelor's degree. Labour input of workers with university degree or above is obtained by chained-Fisher aggregation of hours worked of those workers, classified by work experience, and class of workers (paid workers vs. self-employed and unpaid family workers) using hourly compensation as weights. Capital input measures the services derived from the stock of fixed reproducible business assets (equipment and structures), inventories, and land. It is obtained by chained-Fisher aggregation of capital stocks using the cost of capital to determine weights. Capital stocks for fixed reproducible assets are estimated using the perpetual inventory method that assumes that investments follow geometric depreciation patterns. Capital stocks for inventories and land are measured by methods other than the perpetual inventory method. Capital composition is the ratio of capital input to capital stock. Capital composition increases as investment shifts towards assets with short lived assets (such as equipment) that provide more capital services per dollar of capital stock, and away from long lived assets (such as office buildings). Capital input of information and communications technologies measures the services derived from computer hardware, software and telecommunication equipment. It is obtained by chained-Fisher aggregation of those assets using the cost of capital to determine weights. Capital input of non-information and communications technologies measures the services derived from assets other than computer hardware, software and telecommunication equipment. It is obtained by chained-Fisher aggregation of those assets using the cost of capital to determine weights. Combined labour and capital inputs are obtained by chained-Tornqivst aggregation of labour and capital input using cost shares of labour and capital as weights. Gross domestic product (GDP) is valued at basic prices. It is calculated as gross output at basic prices minus intermediate inputs at purchaser prices. Data on gross domestic product (GDP) are available up to the most current year of the input-output table. Labour compensation consists of all payments in cash or in kind made by domestic producers to workers for services rendered - in other words, total payroll. It includes the salaries and supplementary labour income of paid workers, plus an imputed labour income of self-employed workers. Data on labour compensation are available up to the most current year of the input-output table. Capital cost represents the surplus-profits, depreciation, rent, and net interest-intended as compensation to the owners of capital. It is calculated as nominal gross domestic product (GDP) at basic prices minus labour compensation. Data on capital income are available up to the most current year of the input-output table. Contribution of capital intensity to labour productivity growth is calculated as the growth in capital services per hour times capital's share of total costs. It reflects the effects of capital investment on labour productivity growth. Contribution of labour composition to labour productivity growth is calculated as the growth rate of labour composition times labour's share of total costs. It reflects the effects on labour productivity growth of skill upgrading as measured by increases in the experience and education composition of the workforce. This combines the North American Industry Classification System (NAICS) codes 52-53 with the exception of owner-occupied dwellings industry. This combines parts of the North American Industry Classification System (NAICS) codes 61, 62, 81. This combines the North American Industry Classification System (NAICS) codes 11, 21, 22, 23, 31-33. This combines the North American Industry Classification System (NAICS) codes 41, 44-45, 48-49, 51, 52, 53, 54, 55, 56, 61, 62, 71, 72, 81 with the exception of owner-occupied dwellings industry. This combines the North American Industry Classification System (NAICS) codes 311-316, 322-326. This combines the North American Industry Classification System (NAICS) codes 321, 327, 331-337, 339.