NDLI: OECD Project on measuring producer price indices and productivity growth in services

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OECD Project on measuring producer price indices and productivity growth in services

Content Provider	Semantic Scholar
Author	Fraisse, Anne-Sophie Wölfl, Anita
Copyright Year	2013
Abstract	Empirical evidence points to relatively low productivity growth rates over long periods for several service industries, including those characterised by rapid technological change and increasing competitive pressures. For some services, however, the evidence may reflect an under-estimation of service productivity growth, notably due to difficulties measuring volume series of services value added. Different to manufacturing industries, it is relatively difficult for services industries to track price changes over time and to separate pure price changes from changes in quality. Still, over the past ten years, much progress, in terms of methodological and practical work, has been made by OECD countries in measuring service producer price indices (SPPIs) in particular in business sector services. This has significantly increased the availability of SPPIs and has improved their comparability across countries. The objective of the paper is to investigate to what extent measuring productivity growth in services industries benefits from recent progress made in measuring SPPIs. It highlights the main difficulties in measuring SPPIs and analyses the importance that producer price index measurement may have for measured productivity growth through a sensitivity analysis. Throughout the paper, the analysis is presented for two selected business sector services, telecommunication services and legal and accounting services.
File Format	PDF HTM / HTML
Alternate Webpage(s)	http://2013.isiproceedings.org/Files/STS074-P3-S.pdf
Alternate Webpage(s)	https://www.statistics.gov.hk/wsc/STS074-P3-S.pdf
Alternate Webpage(s)	https://voorburggroup.org/Documents/2014%20Dublin/Papers/022.pdf
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article

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