The present paper applies an Input-Output accounting framework, based on the logical device of vertical hyper-integration, to measure productivity trends across six advanced industrial economies (US, Germany, Japan, UK, France and Italy) during recent decades. Rather than measuring performance from the income side of the economy, as in traditional TFP growth analyses, disaggregated productivity changes are approximated from the expenditure side, i.e. the nominal counterpart to the system of physical quantities. Empirical findings suggest that the central tendency for convergence of hyper-integrated productivity levels across countries within each growing subsystem between 1995 and 2007 has been reversed between 2007 and 2015. And while service subsystems coincided in their direction of change, primary-cum-manufacturing sectors experienced more heterogeneous dynamics. Moreover, productivity gains accruing to wages were amongst the lowest in the three economies with highest overall hyper-integrated labour productivity growth.

本文应用基于垂直超整合逻辑装置的投入产出核算框架来衡量最近几十年六个发达工业经济体（美国、德国、日本、英国、法国和意大利）的生产率趋势。与传统的 TFP 增长分析一样，不是从经济的收入方面衡量绩效，而是从支出方面估算分解的生产率变化，即物理量系统的名义对应物。实证研究结果表明，1995 年至 2007 年期间，每个增长子系统内的国家之间高度集成的生产力水平趋同的中心趋势在 2007 年至 2015 年间发生了逆转。虽然服务子系统的变化方向一致，但初级和- 制造业经历了更加多样化的动态。此外，工资带来的生产率增长在总体高度一体化劳动生产率增长最高的三个经济体中是最低的。