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Abstract:

cover
CEP Discussion Paper
A Statistical Framework for the Analysis of Productivity and Sustainable Development
Nicholas Oulton
April 2004
Paper No' CEPDP0629:
Full Paper (pdf)

JEL Classification: C82; O47; Q01


Tags: national accounts; growth accounting; productivity

To analyse the consequences of the changing economic structure of the UK, we need a set of statistics broken down by industry that are consistent with the whole economy measures available from the national accounts. The theory of growth accounting then provides a framework in which the contribution of each industry to the national economy can be measured and assessed. This paper identifies the obstacles currently facing a researcher trying to implement this approach. It makes a number of recommendations for the improvement of official statistics.