Re-estimating Real Output for Service Industries in Australia

George Verikios

No 266383, Center of Policy Studies (COPS) Impact Project Papers from Monash University Center of Policy Studies

Abstract: This paper examines the current national accounts measure of real output for five major service industries in Australia. It finds that real output measures for insurance services; banking services; non-bank financial services; and education services are unsatisfactory. Alternative estimates based on acceptable output proxies are presented for these industries for the period 1986/87-1993/94. The estimates indicate that insurance, banking and non-bank financial services have grown more quickly than previously thought, while education services have grown less quickly than earlier estimates suggested. The effect on GDP of these estimates is also presented. Keywords: insurance services, financial services, education services, communication services, service industries, real output measures, input output industries.

Keywords: Production Economics; Productivity Analysis (search for similar items in EconPapers)
Pages: 57
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/266383/files/monash-056.pdf (application/pdf)
https://ageconsearch.umn.edu/record/266383/files/monash-056.pdf?subformat=pdfa (application/pdf)

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: https://EconPapers.repec.org/RePEc:ags:copspp:266383

DOI: 10.22004/ag.econ.266383

Access Statistics for this paper

More papers in Center of Policy Studies (COPS) Impact Project Papers from Monash University Center of Policy Studies
Bibliographic data for series maintained by AgEcon Search ().