Market services: productivity benchmarks for the UK

Article Abstract:

A study was conducted to analyze labor productivity in market services in three service sectors in France, Germany, the UK, and the US in 1993. The service sectors, which included distribution, transport and communication, were referred to as market services. Results indicated that the market services accounted for 34 to 43% of the total employment in the countries. Findings also showed differences in the time series pattern of relative productivity in market services from the manufacturing industry.

Service Industries, Labor productivity

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Structural change and the emergence of the new service economy

Article Abstract:

Research and analysis of the economic move in the United Kingdom from a manufacturing based economy to a service based economy is given. The research outlines the misleading analysis conduction earlier which concluded that the services sector generated rates of growth the were lower than the manufacturing sector which was seen as the main force behind technical progress.

Business services, not elsewhere classified, All Other Business Support Services, Business Services NEC, Business services

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General-to-specific model selection procedures for structural vector autoregressions

Article Abstract:

The author demonstrates general-to-specific model selection techniques to overcome limitations of structural vector autoregression models such as large quantity of parameters used and the resultant estimation uncertainty. These techniques are validated with a Monte Carlo experiment.

Methods, Comparative analysis, Regression analysis, Autoregression (Statistics), Econometric models

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