Output measurement in the service sectors

Zvi Griliches, Ernst R. Berndt, Timothy F. Bresnahan, Marilyn Manser

"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."--BOOK JACKET. "The contributors suggest that current measurement methodology may be underestimating the contribution of services to productivity growth in the economy as a whole. If government statistics understate output, then they also overstate price increases and misrepresent productivity...

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