Suppose for the sake of argument that the output of these intermediate suppliers had increased in unmeasured ways.

ECONOMIST: Performing miracles | The

So long as you can count final goods, unmeasured improvements in the supply of intermediate services will succeed in raising measured productivity.

ECONOMIST: Performing miracles | The

If unemployment is to be curbed, South Africans have to become more enterprising and the unmeasured numbers who somehow scrape a living encouraged into the formal sector.

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In fact, using this technique, we can move beyond the limitations of traditional approaches by running additional analysis to discover new, previously unmeasured categories based on recurring themes within the data.

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As a result, the ratio of output to input for those final-goods producers, which is to say their productivity, would be higher: it would reflect the unmeasured improvement in service-supplier productivity after all.

ECONOMIST: Performing miracles | The

Clinical results from any specialized cancer center are typically very difficult to reproduce in broader multicenter trials, in part because there may be differences, whether measured or unmeasured, between those presenting at renowned centers of excellence and those who remain close to home.

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