Output Measurement in the Service Sectors

Output Measurement in the Service Sectors

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Is the fall in overall productivity growth in the United States and other developed countries related to the rising share of the service sectors in the economy? Since services represent well over half of the U.S. gross national product, it is also important to ask whether these sectors have had a slow rate of growth, as this would act as a major drag on the productivity growth of the overall economy and on its competitive performance. In this timely volume, leading experts from government and academia argue that faulty statistics have prevented a clear understanding of these issues.Thus, BLS had to limit the universe on which disaggregation was based to a subset of eligible services. Similar limitations were required for automobile and home maintenance and repair services to reduce the extent of the eligible itemanbsp;...

Title:Output Measurement in the Service Sectors
Author:Zvi Griliches
Publisher:University of Chicago Press - 2008-04-15


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