Direct versus Total Labour Productivity in Greek Manufacturing: 1958–1980

Abstract

Estimates of direct and total productivity as well as sectoral interdependence in Greek manufacturing are presented in this paper. Limited comparisons with EC countries are also included. Total productivity seems to be a better approach for understanding sectoral performance, as it takes into account the effect of intermediate product substitution for labour. Calculations show different patterns of growth for direct and total productivity and a better performance of the newly developed sectors in the early 1960s.