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Market services: productivity benchmarks for the UK

O'Mahony, Mary, Oulton, Nicholas and Vass, Jennet (1998) Market services: productivity benchmarks for the UK. Oxford Bulletin of Economics and Statistics, 60 (4). pp. 529-551. ISSN 0305-9049

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This paper presents comparisons of labour productivity (value added per hour worked) in market services for the UK, the US, France and Germany in 1993. Market services, defined as (1) Distribution, Hotels and Catering, (2) Transport and Communications and (3) Finance, Insurance and Real Estate, make up 34-43 percent of total employment in the four countries. For productivity in market services overall, the US led the UK by 35 percent in 1993, Germany led the UK by 34 percent and France led the UK by 36 percent. The UK productivity shortfall vis-à-vis Germany and France was wider in market services than in manufacturing.

Item Type: Article
Official URL:
Additional Information: © 1998 John Wiley & Sons
Divisions: Centre for Macroeconomics
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HB Economic Theory
H Social Sciences > HC Economic History and Conditions
Date Deposited: 12 Dec 2020 00:16
Last Modified: 20 Feb 2021 02:35

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