Productivity in Services

George F. Ray

National Institute Economic Review, 1986, vol. 115, 44-47

Abstract: The service industries—that is, all activities apart from agriculture and the production and construction industries—account for more than half of gross domestic product and employ about two thirds of the civilian labour force. The size of the employed labour force alone makes a brief analysis of productivity worthwhile; additional interest stems from the importance of the contribution of the internationally tradeable services to the balance of payments.

Date: 1986
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