Announcing The Fifth World KLEMS: Cambridge, MA–June 4, 5, 2018
The Fifth World KLEMS Conference
The Fifth World KLEMS Conference will 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
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.
World KLEMS data sets are based on outputs and inputs of capital (K), labor (L), energy (E), materials (M), and services (S) for individual industries. Productivity of each industry is the ratio of output to all inputs. These data sets are now available for more than forty countries. Many countries publish these data sets annually as part of the official national accounts. World KLEMS data sets are widely used in research on economic growth and structural change. They are also employed in international comparisons based on purchasing power parities.
Digitalization of the world economy will be an important theme of the Fifth World KLEMS Conference. This is the role of information and communications technologies as sources transformative new products and services. The conference will include research on the behavior of the prices of these new products and services. In addition the conference will discuss the relationship of digital technologies to investments in human capital and intangible capital and the role of digital technologies in the proliferation of global value chains and trade in value added.
Dale Jorgenson, Kyoji Fukao, and Marcel P. Timmer have edited a volume on the development and application of World KLEMS data sets, The World Economy: Growth or Stagnation, published by the Cambridge University Press in November 2016:
The volume also includes research on investments in intangible capital and human capital, the impact of information and communications technologies, and the development of global value chains and trade in value added.
The Fourth World KLEMS Conference was held in Madrid, Spain, in 2016. The conference included papers on the major regions included in the World KLEMS Initiative – Asia KLEMS, European Union (EU) KLEMS, Latin America (LA) KLEMS, and United States (US) KLEMS. The conference also included papers on investments in intangible and human capital, prices of information and communications technology equipment and services, and global value chains.
A selection of papers from the Madrid conference was published as the Fall 2017 Special Issue of the International Productivity Monitor: http://www.csls.ca/ipm/ipm33.asp
The full program of the Madrid conference is available on the World KLEMS website: http://www.worldklems.net/conferences.htm
This website includes programs from the four previous World KLEMS conferences, as well as updated KLEMS-type data sets for countries participating in the World KLEMS Initiative: http://www.worldklems.net/data.htm
To submit a proposal for the Fifth World KLEMS Conference, please send an abstract by February 1 in the standard form used by journals in economics to:
Cambridge, MA 02138
For the Organizing Committee:
Dale W. Jorgenson, Chairman
Bart van Ark
Barbara M. Fraumeni
J. Stephen Landefeld
Marcel P. Timmer