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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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Remarks	Reference: 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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I	Attachment	Action	Size	Date	Who	Comment
pdf	grj033.pdf	manage	185.7 K	03 Jan 2007 - 21:04	JonathanHaskel

Topic revision: r5 - 18 May 2011 - 20:11:47 - JonathanHaskel