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Measuring and Understanding Productivity in UK Market Services

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Author Info

  • Gustavo Crespi
  • Chiara Criscuolo
  • Jonathan Haskel
  • Denise Hawkes

Abstract

Many productivity studies, if they cover the service sector, commonly enter a caveat that the data are 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 service-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, for example, retail and wholesale trade, transport, and hotels and restaurants, the main problem is, in practice, lack of collected deflators. Copyright 2006, Oxford University Press.

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Bibliographic Info

Article provided by Oxford University Press in its journal Oxford Review of Economic Policy.

Volume (Year): 22 (2006)
Issue (Month): 4 (Winter)
Pages: 560-572

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Handle: RePEc:oup:oxford:v:22:y:2006:i:4:p:560-572

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Web page: http://oxrep.oupjournals.org/

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Cited by:
  1. Mario D. Tello, 2013. "Science, Technology and Innovation in Peru 2000-2012: The Case of Services," Documentos de Trabajo 2013-353, Departamento de Economía - Pontificia Universidad Católica del Perú.
  2. Andrés Maroto-Sanchez, 2010. "Growth and productivity in the service sector: The state of the art," Working Papers 07/10, Instituto Universitario de Análisis Económico y Social.
  3. Valentina Meliciani & Maria Savona, 2011. "The Determinants of Regional Specialisation in Business Services: Agglomeration Economies, Vertical Linkages and Innovation," SPRU Working Paper Series 193, SPRU - Science and Technology Policy Research, University of Sussex.
  4. Bogliacino, Francesco & Pianta, Mario, 2011. "Engines of growth. Innovation and productivity in industry groups," Structural Change and Economic Dynamics, Elsevier, vol. 22(1), pages 41-53, February.
  5. Raquel Ortega-Argilés, 2012. "The Transatlantic Productivity Gap: A Survey Of The Main Causes," Journal of Economic Surveys, Wiley Blackwell, vol. 26(3), pages 395-419, 07.
  6. Bassanini, Andrea & Nunziata, Luca & Venn, Danielle, 2008. "Job Protection Legislation and Productivity Growth in OECD Countries," IZA Discussion Papers 3555, Institute for the Study of Labor (IZA).
  7. Robert Inklaar & Marcel P. Timmer & Bart van Ark, 2008. "Data for Productivity Measurement in Market Services: An International Comparison," International Productivity Monitor, Centre for the Study of Living Standards, vol. 16, pages 72-81, Spring.
  8. repec:idb:brikps:60678 is not listed on IDEAS
  9. Marcel Canoy & Peter Smith, 2008. "Services and the Single Market," Journal of Industry, Competition and Trade, Springer, vol. 8(3), pages 319-347, December.
  10. Peer-Olaf Siebers & Uwe Aickelin, 2011. "A First Approach on Modelling Staff Proactiveness in Retail Simulation Models," Journal of Artificial Societies and Social Simulation, Journal of Artificial Societies and Social Simulation, vol. 14(2), pages 2.

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