Our growth accounting results are set out inTable 5. Consider first the top panel of data,which
reports the contributions to growth in a standard framework that does not include intangibles.
Labour productivity growth (LPG; column 1) rose in the 1990s and then fell back somewhat
in the 2000s. The rise in the late 1990s is due to the introduction of a new methodology
for Financial Services Indirectly Measured (FISIM), and other methodological changes in
the 2008 NationalAccounts (see Giorgio Marrano et al., 2009).14 The contribution of labour