The Fifth World KLEMS Conference was hosted by Samuel W. Morris University Professor Dale W. Jorgenson on June 4 and 5, 2018. The conference brought together researchers from throughout the world to discuss recent progress in the development and application of sectoral data sets on output, inputs of capital (K), labor (L), energy (E), materials (M), and services (S), and productivity or output per unit of input. These data sets are now available for more than forty countries. More than a dozen countries publish these data sets annually as part of the official national accounts, following the United Nations’ System of National Accounts 2008.
The World KLEMS Initiative has been set up to promote and facilitate the analysis of growth and productivity patterns around the world, based on a growth accounting framework. At the heart of the initiative is the gradually building up of new databases on output, inputs and productivity at a detailed industry level. Through harmonizing concepts, common standards and classifications, the data is comparable across countries. By sharing information and knowledge, amongst others through conferences and workshops, the World KLEMS consortium is committed to bring this work forward and help it to establish a firm grounding in the (inter)national statistical systems.
Financial support for this conference was provided by the Donald Marron Center for Economic Data at Harvard University.
Conference Schedule:
Monday, June 4, 2018
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8:00-9:00 AM: Conference Registration and Breakfast: Location: 5th Floor, Taubman Building, 15 Eliot Street |
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9:00-10:30 AM: Plenary Session 1: Digital Economy -- Paul Schreyer, Chair Location: NYE BC |
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Paul Schreyer |
Measuring Consumer Inflation in a Digital Economy [Presentation] [Related Paper] Marshall Reinsdorf and Paul Schreyer |
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Jennifer Ribarsky |
Measuring GDP in a Digitalised Economy - Proposal for a Satellite Account [Presentation] [Related Paper] Nadim Ahmad and Jennifer Ribarsky |
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Robert Inklaar |
Slowing Productivity Growth in Europe: An Overview of the Issues [Presentation] [Related Paper] John Fernald and Robert Inklaar |
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Janna Remes |
Solving the Productivity Puzzle: The Role of Demand and Digital [Presentation, pdf] [Related Paper] Janna Remes, Jan Mischke, and Mekala Krisnan, |
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10:45 AM -12:15 PM: US KLEMS: Erich Strassner (PL01) Location: NYE BC |
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Michael Giandrea |
Updated Capital Asset Service Lives [Presentation] [Related Paper] Michael Giandrea, Susan Power, Peter Meyer, Steve Rosenthal, Randy Kinoshita, Matthew Russell, and Brian Chansky |
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Jon Samuels |
Progress on Measuring the Industry Origins of the Japan-US Productivity Gap [Presentation] [Related Paper] Dale Jorgenson, Koji Nomura, and Jon Samuels |
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Thomas Howells and Matthew Russell |
The Current Productivity Slowdown in Historical Context: Backcasting the BEA/BLS Integrated Industry-Level Production Account and the Sources of U.S. Economic Growth between 1987 and 2016 [Presentation] [Related Paper] Tom Howells, Matthew Russell, and Jon Samuels |
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Mun Ho |
U.S. Labor Force Participation, Growth, and Productivity in the Last Four Recoveries [Presentation] [Related Paper] Dale Jorgenson, Mun Ho, and Jon Samuels |
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10:45 AM -12:15 PM: Historical Growth: Bart van Ark (PL02) Location: NYE A |
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Gilbert Cette |
Productivity Growth and Financial Constraints [Presentation] Gilbert Cette |
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Abdul Azeez Erumban |
Productivity and Income Growth: Applications of the Total Economy Database [Presentation] [Related Paper] Abdul Azeez Erumban |
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Pieter Woltjer |
Capital and Global Productivity Comparisons [Presentation] [Related Paper] Robert Inklaar, Pieter Woltjer, and Daniel Gallardo Albarran |
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Robert Inklaar |
Productivity and Income Differences in the 20th Century [Presentation] Robert Inklaar |
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12:15-1:15 PM: Lunch Location: 5th Floor, Taubman |
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1:15-2:45 PM: Asia KLEMS 1: Kyoji Fukao (PL03) Location: NYE A |
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Joji Tokui |
Japan’s Prefectural-Level KLEMS: Productivity Comparisons and Service Price Differences [Presentation] [Related Paper] Joji Tokui and Takeshi Mizuta |
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Tsutomu Miyagawa |
On the Decline in R&D Efficiency-Empirical Studies Using JIP and EUKLEMS Data [Presentation] [Related Paper] Tsutomu Miyagawa and Takayuki Ishikawa |
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Kyoji Fukao |
Quantifying and Accounting for Differences in Quality in Service Sectors: A Bilateral Price Comparison between United States and Japan [Presentation] [Related Paper] Naohito Abe, Kyoji Fukao, Kenta Ikeuchi and D.S. Prasada Rao |
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Hak Kil Pyo |
An International Comparison of Rates of Return and the Estimation of Initial-period Capital Stocks: EU KLEMS and World KLEMS Dataset (1970-2014) [Presentation] [Related Paper] Hak Kil Pyo and Han Sol Kim |
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1:15-2:45 PM: ICT Prices: Carol Corrado (PL04) Location: NYE BC |
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Ana Aizcorbe |
BEA Price Index Initiative: Plans and Challenges [Presentation] Ana Aizcorbe |
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Carol Corrado |
Accounting for Innovation in Consumer Digital Services: Implications for Economic Growth and Consumer Welfare [Presentation] [Related Paper] David Byrne and Carol Corrado |
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Dan Sichel |
The Rise of Cloud Computing: Minding your P’s, Q’s,( and K’s) [Presentation] Dan Sichel, Carol Corrado, and David Byrne |
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David Wasshausen |
Improved Measures of ICT in the U.S. National Accounts [Presentation] David Wasshausen |
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3:00-4:30 PM: EU KLEMS: Matilde Mas (PL05) Location: NYE A |
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Gang Liu |
The Norwegian KLEMS database [Presentation] [Related Paper] Gang Liu |
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Nicholas Oulton |
The UK (and Western) Productivity Puzzle: Does Arthur Lewis Hold the Key? [Presentation] [Related Paper] Nicholas Oulton |
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Abdul Erumban |
Productivity and Income Growth: Applications of the Total Economy Database [Presentation] [Related Paper] Abdul Erumban and Klaas de Vries |
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Ilya Voskoboynikov |
Intermediate Inputs, Human Capital, Intangible Assets, and Economic Growth in Russia [Presentation] [Related Paper] Ilya Voskoboynikov, Eduard Baranov, Vladimir Bessonov, Dimitri Piontkovski, Elena Staritstyna, and Azamat Ulbashev |
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3:00-4:30 PM: Global Value Chains: Marcel Timmer (PL06) Location: NYE BC |
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Eva Benages |
Employment and Occupations in Manufacturing Global Value Chains (GVCs): An Analysis of European Countries [Presentation] [Related Paper] Marta Solaz, Francisco Perez, and Eva Benages |
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Cecilia Jona-Lasinio |
Global Value Chains and Productivity Growth in Advanced Economies: Does Intangible Capital Matter? [Presentation] [Related Paper] Cecilia Jona-Lasinio and V. Meliciani |
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Marcel P. Timmer |
Biased Technical Change Through the Lens of Global Value Chains [Presentation] Laurie A. M. Reijners, Marcel P. Timmer, and Sianjia Ye |
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5:00-8:00 PM: Dinner Location: Wexner Commons |
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Tuesday, June 5, 2018
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8:00-9:00 |
Allison Dining Room |
Breakfast |
Plenary Session 2: Human Capital -- Barbara Fraumeni, Chair (P2)
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9:00-10:30 |
Nye BC |
Quentin Wodon |
The Changing Wealth of Nations 2018 [Presentations] Quentin Wodon |
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Quentin Wodon |
Unrealized Potential: The High Cost of Gender Inequality in Earnings Hoa Nguyen and Quentin Wodon |
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Gang Liu |
Methodology for Measurement of Human Capital at World Bank [Presentation] Gang Liu |
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Haizheng Li |
Human Capital Measures and Its Effect on Economic Convergence in China [Presentation] Haizheng Li |
LA KLEMS: Andre Hofman (PL07)
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10:45-12:30 |
Nye A |
Andre Hofman |
LAKLEMS Latest Developments in KLEMS Latin America [Presentation] Andre Hofman |
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Andre Hofman |
What Happens with Total Factor Productivity in Latin America? [Presentation] Andre Hofman, Giannina Lopez, and Claudio Aravena |
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Ariel Coremberg |
An Integrated and Expanded Account for the New Digital Economy [Presentation] Ariel Coremberg |
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Eva Benages |
Knowledge-Based Activities in Four Latin America Countries [Presentation] Matilde Mas, Andre Hofman, and Eva Benages |
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Francisco Guillén |
Mixed Income in the Total Factor Productivity KLEMS Model [Presentation] [Related Paper] Francisco Guillén and Fernando Pineda |
ASIA KLEMS II: Harry Wu (PL08)
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10:45-12:30 |
Allison Dining Room |
Mun S. Ho |
Industry Productivity Growth in China and Prospects for Growth [Presentation] Cao Jing, Mun S. Ho, Xianchun Xu, Hang Yu |
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Zhan Li |
Accounting for China’s Productivity Performance Across Regions in an Industry Origin Framework [Presentation] Zhan Li |
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Chi-Yuan Liang |
An International Comparison on TFP Changes in ICT Industry among China, Korea, Japan, Taiwan, and the United States [Presentation] Chi-Yuan Liang and Ruei-he Jiang |
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David Liang |
Accounting for the Role of ICT in China's Productivity Growth [Presentation] David Liang and Harry X. Wu |
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Huimin Zhu |
The Impact of China's Factor Cost Distortion on the Global Trade [Presentation] Huimin Zhu |
ASIA KLEMS III: K.L. Krishna (PL09)
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10:45-12:30 |
Nye BC |
K. L. Krishna, Deb Kusum Das |
Growth and Productivity in 21st Century India [Presentation] K. L. Krishna, Deb Kusum Das, and Pilu Chandra Das |
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Suresh Chand Aggarwal |
Intensity and Use of Energy in Indian Industries and the Contribution of Energy to Growth [Presentation] Bishwanath Goldar, Pilu Chandra Das, Suresh Chand Aggarwal, and Abdul Azeez Erumban |
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Abdul Azeez Erumban |
Making of Digital India [Presentation] Abdul Azeez Erumban and Deb Kusum Das |
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Abid Aman Burki |
Structural Change in Pakistan’s Economy [Presentation] Abid Aman Burki, Syed Muhammad Hussain, and Mushtaq Ahmad Khan |
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Thai Nguyen |
Experimental KLEMS Estimates, Australia, 1995/96 – 2015/16 [Presentation] Thai Nguyen |
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12:30-1:30 |
Allison Dining Room |
Lunch |
GVC Accounting: Steve Landefeld (PL10)
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1:30-3:00 |
Nye A |
Steve Landefeld |
Global Value Chains: Analytical and Policy Framework [Presentation] Steve Landefeld |
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Erich Strassner |
A Global Integrated Industry-level Production Account [Presentation] Jon Samuels and Erich Strassner |
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Marcel Timmer |
New Measures of Trade and Global Value Chains [Presentation] Marcel Timmer |
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Ray Mataloni |
Offshore Profit Shifting and Domestic Productivity Measurement [Presentation] [Related Paper] Ray Mataloni, Fatih Guvenen, Dylan G. Rassier, Kim J. Ruhl |
Intangibles as a Source of Economic Growth: Jonathan Haskel (PL11)
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1:30-3:00 |
Nye BC |
Lea Samek |
Measuring Education Services as Intangible Social Infrastructure [Presentation] [Related Paper] Carol Corrado, Mary O’Mahony, and Lea Samek |
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Jonathan Haskel |
Private and Public Intangible Investment Spillovers, Imperfect Competition, Returns to Scale and Product and Process Innovation [Presentation] Carol Corrado, Jonathan Haskel, Cecilia Jona-Lasinio, and Ana Rincon-Aznar |
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Paul Schreyer |
Productivity Measurement and R&D Assets [Presentation] [Related Paper] Paul Schreyer and Belen Zinni |
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Rachel Soloveichik |
How E-Commerce Improves Brick and Mortar Stores: Explaining the Post-2002 Productivity Slowdown [Presentation] [Related Paper] Rachel Soloveichik |
Plenary Session 3: Productivity Data in Europe: EU KLEMS and Beyond -- Robert Inklaar, Chair (P3)
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3:15-4:15 |
Nye BC |
Robert Inklaar |
Productivity Accounts and Europe’s Productivity Growth Performance [Presentation] Robert Inklaar, |
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Mary O’Mahony |
Productivity Data in Europe: EU KLEMS and Beyond: Measurement Challenges [Presentation] Mary O’Mahony |
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Cecilia Jona-Lasinio |
Productivity, Spillovers from Intangibles, and Unmeasured Investments in Artifiial Intelligence: Evidence from the EU and US [Presentation][Related Paper] Carol Corrado, Jonathan Haskel, Cecilia Jona-Lasinio, and Masimmiliano Iommi |
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Marcel Timmer |
World Input-Output Tables and Competitiveness [Presentation] Marcel Timmer |
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3:15-4:30 |
Nye BC |
Closing Remarks |
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5:00-7:00 |
IOP Forum |
Reception |