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Measuring and Understanding Productivity in UK Market Services

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  • 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.

Suggested Citation

  • 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.
  • Handle: RePEc:oup:oxford:v:22:y:2006:i:4:p:560-572
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    Cited by:

    1. Arias Ortiz E. & Crespi, G. & Rasteletti, A. & Vargas, F., 2014. "Productivity in services in Latin America and the Caribbean," MERIT Working Papers 056, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    2. 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 1-2.
    3. 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, July.
    4. Harchaoui, Tarek M., 2012. "A Quarter of a Century Progress Report on the Services Sector Productivity Statistics. A Europe-United States Perspective," GGDC Research Memorandum GD-125, Groningen Growth and Development Centre, University of Groningen.
    5. Marcel Canoy & Peter Smith, 2008. "Services and the Single Market," Journal of Industry, Competition and Trade, Springer, vol. 8(3), pages 319-347, December.
    6. Mario D. Tello, 2013. "Science, Technology and Innovation in Peru 2000-2012: The Case of Services," Documentos de Trabajo / Working Papers 2013-353, Departamento de Economía - Pontificia Universidad Católica del Perú.
    7. Rinaldo Evangelista & Maria Savona, 2010. "Innovation and Employment in Services," Chapters,in: The Handbook of Innovation and Services, chapter 16 Edward Elgar Publishing.
    8. Valentina Meliciani & Maria Savona, 2015. "The determinants of regional specialisation in business services: agglomeration economies, vertical linkages and innovation," Journal of Economic Geography, Oxford University Press, vol. 15(2), pages 387-416.
    9. 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.
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    11. Pål Børing, 2014. "The Impact Of Manufacturing Firms’ Use Of Academic Workers On Their Productivity Level," Bulletin of Economic Research, Wiley Blackwell, vol. 66(2), pages 156-172, April.
    12. 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.
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