Measuring market sector activity in the United Kingdom

Measuring market sector activity in the United Kingdom

A measure of private or market sector activity is useful for assessing demand pressures and productivity trends in the economy. This article discusses the practical issues involved in constructing a measure of the market sector's gross value added (MSGVA) for the United Kingdom. It looks at the...

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Veröffentlicht in:Bank of England quarterly bulletin 2006-01, Vol.46 (4), p.404-414
Hauptverfasser: Churm, Rohan, Srinivasan, Sylaja, Thomas, Ryland, Mahajan, Sanjiv, Maitland-Smith, Fernella, Tily, Geoff
Format: Artikel
Sprache:eng
Schlagworte:
Demand
Economic activity
Empirical research
Estimates
Estimation
GDP
Government purchasing
Gross Domestic Product
Local government
Macroeconomics
Market prices
National accounting
Opportunity costs
Output rate
Private sector
Productivity
Profits
Public sector
Public services
Trends
United Kingdom
Value added
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Beschreibung
Zusammenfassung:A measure of private or market sector activity is useful for assessing demand pressures and productivity trends in the economy. This article discusses the practical issues involved in constructing a measure of the market sector's gross value added (MSGVA) for the United Kingdom. It looks at the existing estimates currently constructed by the ONS and the Bank of England using National Accounts data, and discusses how the Bank of England uses these estimates when analysing demand pressures in the economy. [PUBLICATION ABSTRACT]
ISSN:0005-5166
2399-4568