Kuznets, for his part, quantified the long sweep of historical experience of the United States and 13 other developed economies. He combined this with quantitative comparisons among developed and developing economies during the postwar period. Same topic Without knowledge of each other s work, both authors worked independently on their books without any connection from one another. ) Productivity concepts Most of these concepts relate to productivity as a relationship between output and input to the studied systems. It contains variables and other inter-relationships within the precise group it belongs to (office, manufacturing plant, machinery systems, etc). It is also regarded as a stimulus-response model that an input causes an output. The most convenient and effective measure on how to start initiatives with the end result in mind is to initially formulate a working personal mission statement. Such a statement would have a person set goals and formulate ways on how such targets would be attained. Such is a usual activity of highly organized people. This is caused by fluctuations in unemployment, labor force participation, and working hours per person. Inflation One question posed by experts is the following: If productivity growth is inherently a real phenomenon and inflation is a monetary phenomenon, why is there a relationship? One possibility they had looked into is that higher inflation rates could distort the price mechanism. To get back to the structural growth trend, an increased productivity through investment in new capital and innovation is needed - and not just through cost-cutting of the current resource base. This would comprise investments in technological change and innovation, skill and performance level of the labor force, and all the organizational intangibles (management and workplace practices, organizational structure, ICT applications and human resource strategies). Usually, productivity is directly proportional to the degree of success of MRT. Productivity growth Productivity growth is the measure of the amount of goods and services produced within a specific time period. First, a standard is determined. Next, that standard (or benchmark) becomes the measure against which all future productions are to be measured against.