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Title Measuring and Understanding Productivity in UK Market Services
Author Gustavo Crespi, Chiara Criscuolo, Jonathan Haskel, Denise Hawkes
Year 2006
Abstract Many productivity studies, if they cover the service sector, commonly enter a caveat that the data is uncertain or just look at manufacturing. This paper attempts to clarify what UK market service sector data are available, whether they should be treated as inaccurate and what conceptual problems might make measuring services sector output so hard. Our overall conclusion is that most problems surround financial intermediation and business services. In financial intermediation national accounts conventions and adjustments make the output data very hard to interpret. In business services many of the output measures are employment based. Elsewhere, e.g. retail and wholesale trade, transport, hotels and restaurants, the main problem is, in practice, lack of collected deflators.
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Gustavo Crespi & Chiara Criscuolo & Jonathan Haskel & Denise Hawkes, 2006. "Measuring and Understanding Productivity in UK Market Services," Oxford Review of Economic Policy, Oxford University Press, vol. 22(4), pages 560-572, Winter.
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grj033.pdfpdf grj033.pdf manage 185.7 K 03 Jan 2007 - 21:04 JonathanHaskel  
Topic revision: r5 - 18 May 2011, JonathanHaskel
 

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