New service industry productivity measures

New service industry productivity measures
Author: United States. Bureau of Labor Statistics
Publisher:
Total Pages: 4
Release: 2006
Genre: Architectural practice
ISBN:

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New Service Industry Productivity Measures

New Service Industry Productivity Measures
Author: United States. Bureau of Labor Statistics
Publisher:
Total Pages: 6
Release: 2004
Genre: Electronic government information
ISBN:

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Productivity in the U.S. Services Sector

Productivity in the U.S. Services Sector
Author: Jack E. Triplett
Publisher: Rowman & Littlefield
Total Pages: 418
Release: 2004-09-21
Genre: Business & Economics
ISBN: 0815796633

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The services industries—which include jobs ranging from flipping hamburgers to providing investment advice—can no longer be characterized, as they have in the past, as a stagnant sector marked by low productivity growth. They have emerged as one of the most dynamic and innovative segments of the U.S. economy, now accounting for more than three-quarters of gross domestic product. During the 1990s, 19 million additional jobs were created in this sector, while growth was stagnant in the goods-producing sector. Here, Jack Triplett and Barry Bosworth analyze services sector productivity, demonstrating that fundamental changes have taken place in this sector of the U.S. economy. They show that growth in the services industries fueled the post-1995 expansion in the U.S. productivity and assess the role of information technology in transforming and accelerating services productivity. In addition to their findings for the services sector as a whole, they include separate chapters for a diverse range of industries within the sector, including transportation and communications, wholesale and retail trade, and finance and insurance. The authors also examine productivity measurement issues, chiefly statistical methods for measuring services industry output. They highlight the importance of making improvements within the U.S. statistical system to provide the more accurate and relevant measures essential for analyzing productivity and economic growth.

Productivity Measures for Selected Industries and Government Services

Productivity Measures for Selected Industries and Government Services
Author: DIANE Publishing Company
Publisher: DIANE Publishing
Total Pages: 150
Release: 1994-03
Genre:
ISBN: 9780788105838

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Contains: labor productivity indexes (historical data showing the changes in output per employee hour and related series are provided for 177 industries); multifactor productivity measures that show the change in output per unit of combined labor, capital, and intermediate purchases; federal government productivity measures and state/local government measures. Most data from 1967-91. Extensive charts and tables.

Measuring and Improving Productivity in Services

Measuring and Improving Productivity in Services
Author: Faridah Djellal
Publisher: Edward Elgar Publishing
Total Pages: 261
Release: 2009-01-01
Genre: Business & Economics
ISBN: 1848444966

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The question of how to measure and improve productivity in services has been a recurrent topic in political debates and in academic studies for several decades. The concept of productivity, which was developed initially for industrial and agricultural economies poses few difficulties when applied to standardized products. The advent of the service economy contributed to call into question, if not the relevance of this concept, at least its definition and measurement methods. This book takes stock of the issues met by productivity in services on theoretical, methodological and operational levels. The authors examine various definitions of productivity and the main methods of its measurement. A survey of recent conceptual and methodological debates on the notion of productivity is also presented. A more operational and strategic perspective is then adopted in order to identify and analyze the main levers, factors and determinants for improving productivity and, more generally, the actual strategies adopted for this purpose in firms and organisations. Providing a deep understanding of the specific and underestimated performance processes within service industries, this book will be of great interest to those involved in industrial economics, management science and public administration.

Output Measurement in the Service Sectors

Output Measurement in the Service Sectors
Author: Zvi Griliches
Publisher: University of Chicago Press
Total Pages: 576
Release: 2008-04-15
Genre: Business & Economics
ISBN: 0226308898

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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.

The Service Productivity and Quality Challenge

The Service Productivity and Quality Challenge
Author: P.T. Harker
Publisher: Springer Science & Business Media
Total Pages: 511
Release: 2012-12-06
Genre: Business & Economics
ISBN: 940110073X

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3 While all of these explanations seem to have merit, there is one dominant reason why the percentage of GDP and employment dedicated to services has continued to increase: low productivity. According to Baumol's cost disease hypothesis (Baumol, Blackman, and Wolff 1991), the growth in services is actually an illusion. The fact is that service-sector productivity is improving slower than that of manufacturing and thus, it seems as if we are consuming more services in nominal terms. However, in real terms, we are consuming slightly less services. That is, the increase in the service sector is caused by low productivity relative to manufacturing. The implication of Baumol's cost disease is the following. Assuming historical productivity increases for manufacturing, agriCUlture, education and health care, Baumol (1992) shows that the U. S. can triple its output in all sectors within 50 years. However, due to the higher productivity level for manufacturing and agriculture, it will take substantially more employment in services to achieve this increase in output. To put this argument in perspective, simply roll back the clock 100 years or so and replace the words manufacturing with agriculture, and services with manufacturing. The phenomenal growth in agricultural productivity versus manufacturing caused the employment levels in agriculture in the U. S. to decrease rapidly while producing a truly unbelievable amount of food. It is the low productivity of services that is the real culprit in its growth of GDP and employment share.