Output Measurement in the Service Sectors

edited by Zvi Griliches

University of Chicago Press, 1992
Cloth: 978-0-226-30885-2 | Electronic: 978-0-226-30889-0
DOI: 10.7208/chicago/9780226308890.001.0001

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ABOUT THIS BOOKTABLE OF CONTENTS

ABOUT THIS BOOK

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.

Prefatory Note

Introduction

I. What is Being Done

1. Recent and Planned Improvements in the Measurement and Deflation of Services Outputs and Inputs in BEA’s Gross Product Originating Estimates

2. Productivity Measurement in Service Industries

3. Improvements in Measuring Price Changes in Consumer Services: Past, Present, and Future

II. Alternative Approaches

4. Productivity in the Distributive Trades: The Shopper and the Economies of Massed Reserves

5. The Real Output of the Stock Exchange

IIIA. Measuring the Output of Banking and Other Services

6. User Costs, Shadow Prices, and the Real Output of Banks

7. Measurement and Efficiency Issues in Commercial Banking

IIIB. Selected Industries

8. The Output of the Education Sector

9. Measurement of Output and Quality Adjustment in the Day-Care Industry

10. Productivity in the Transportation Sector

11. Purchased Services, Outsourcing, Computers, and Productivity in Manufacturing

12. Dispersion and Heterogeneity of Firm Performances in Nine French Service Industries, 1984–1987

IV. International Aspects

13. Measuring Final Product Services for International Comparisons

14. Measuring Public-Sector Output: The Swedish Report

Contributors

Author Index

Subject Index