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Measuring output and productivity in Thailand's service-producing industries (English)

The services sector is a substantial and growing component of the Thai economy, accounting for nearly half of aggregate production and forty percent of national employment. Although government policies in emerging economies tend to focus on the growth of manufacturing, the service-producing industries in Thailand have been the dominant source of new job creation in recent years, expanding by 2.6 million jobs between 2000 and 2005 compared to just 1.6 million in the industrial sector. This report has three primary purposes. First, review the methodology for computing productivity and apply that methodology to various levels of the Thai economy. Second, construct measures of productivity performance in greater detail for four services industries that can be then be used for benchmarking purposes against other countries. Finally, examine the procedures for measuring output and productivity in the services sector and suggest areas that are in need of improvement.

Details

  • Document Date

    2012/01/01

  • Document Type

    Working Paper

  • Report Number

    66280

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Thailand,

  • Region

    East Asia and Pacific,

  • Disclosure Date

    2012/01/10

  • Disclosure Status

    Disclosed

  • Doc Name

    Measuring output and productivity in Thailand's service-producing industries

  • Keywords

    labor productivity;measure of income per capita;rate of productivity growth;national income;labor force participation rate;output per worker;financial crisis;rate of change;unpaid family worker;contribution of capital;reallocation effect;labor productivity growth;total factor productivity;increase in labor;capital per worker;number of passengers;number of aircraft;labor force survey;share of income;output growth;productivity performance;rate of depreciation;physical capital accumulation;increase in capital;accumulation of knowledge;agriculture and industry;unit of measurement;movement of worker;high productivity jobs;national account;consumer price index;equalization of price;information on investment;share of labor;necessity life;financial and operating;education and health;producer price index;decline in productivity;area of education;average wage rate;share of capital;cost of goods;real output growth;measures of price;international business firms;provision of service;private consumption expenditure;price and quality;payment of loan;industrial sector;measure output;capital stock;employment growth;Real estate;passenger revenue;business service;labor share;living standard;measurement problem;airline industry;subsequent years;ton kilometer;commercial banking;gross output;statistical system;employment estimates;banking industry;capital productivity;labor reallocation;labor input;passenger kilometer;factor inputs;capital input;net capital;capacity measure;low rate;retail trade;freight transport;air transport;classification change;exchange rate;production process;Exchange Rates;efficiency gain;factor share;weighted average;factor income;price change;productivity estimate;competitive market;common currency;productivity level;detail level;educational level;accounting framework;air transportation;Emerging economies;real income;bank service;positive growth;trade sector;emerging economy;average revenue;real wage;banking system;international level;productivity change;business infrastructure;personal service;public health;industrial classification;price comparison;manufactured products;currency conversion;government sector;air carrier;telecommunications company;employee compensation;employment data;administrative sources;capital utilization;aircraft size;relative labor;constant return;annual revenue;individual company;freight ton;aircraft fleets;national employment;relative weight;income statement;price deflator;private producer;negative changes;relative performance;reasonable estimate;airline operation;technological innovation;government control;industry group;data requirement;separate measurement;household survey;Financial Stability;upper bind;index base;data limitation;Public Services;bank activity;global trade;production center;international competition;intangible output;domestic economy;informal sector;informal worker;social work;cyclical factor;investment rate;demographic factor;differences in results;comparable data;productivity gain;employment share;primary sector;Public Utilities;negative growth;output price;total consumption;classification system;retail price;wholesale price;telecommunications revolution;physical measure;increased competition;physical indicator;historical data;economic recovery;efficient performance;telephone coverage;higher-income countries;communications infrastructure;broadband service;labor income;mobile communication;output loss;global production;employment measure;domestic airline;relative price;ton mile;measure of use;maintenance expenditure;International Trade;quality measure;mobile service;Labor Compensation;total employment;measurement error;telecommunications industry;global economy;cellular phone;working age;index value;employment opportunities;employment opportunity;activity code;human capital;capital loss;agricultural sector;employee wage;aggregate economy;primary purpose;national production;international market;account analysis;national output;international dimension;subscriber line;

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Citation

Measuring output and productivity in Thailand's service-producing industries (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/424961468312353768/Measuring-output-and-productivity-in-Thailands-service-producing-industries