Economics at your fingertips  

Measuring and Understanding Productivity in UK Market Services

Gustavo Crespi (), Chiara Criscuolo (), Jonathan Haskel () and Denise Hawkes

Oxford Review of Economic Policy, 2006, vol. 22, issue 4, 560-572

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.

Date: 2006
References: Add references at CitEc
Citations: View citations in EconPapers (14) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Oxford Review of Economic Policy is currently edited by C. Allsopp

More articles in Oxford Review of Economic Policy from Oxford University Press
Bibliographic data for series maintained by Oxford University Press ().

Page updated 2019-12-15
Handle: RePEc:oup:oxford:v:22:y:2006:i:4:p:560-572