Beschreibung:
The methodology of KLEMS productivity accounting is oriented towards determining the sources of economic growth. The accounting involves the decomposition of the relative growth of selected variables representing economic activity, usually gross output or gross value added, into contributions of production factors and their sub-factors, and into the contribution of productivity growth to the economy. The monograph presents an innovative elaboration of the internationally-developed methodology of the economic growth decomposition into factor contributions and productivity contribution. KLEMS productivity accounting is mainly applied in studies of economic processes and in the development of an accounting basis for their further analysis. Thus, this kind of accounting is a useful tool for economic researchers. Through its explanatory function, KLEMS productivity accounting enables the formulation of economic recommendations, as well as forecasts and scenarios of future economic growth. It shows particular potential in the sphere of regional economy research. It can also be used to study the effects of the implementation of economic policy instruments or a country's international competitiveness, and to observe the effects of economic shocks (including those of a non-economic origin).