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Information Technology in the Service Society A Twenty-First Century Lever (1994) / Chapter Skim
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B Methods for Deriving Bureau of Economic Analysis Measures of Output
Pages 228-233

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From page 228...
... The method chosen for each service industry usually depends on the availability of adequate data. In the double-deflation method, constant-dollar GPO is derived as the difference between current-dollar gross or final output divided by an appropriate output price index, and the current-dollar intermediate input (materials and purchased services)
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From page 229...
... This is the case in local and interurban passenger transportation, where gross output for taxicabs is based on revenues deflated by the consumer price index for taxi fares; but gross output for intercity buses is based on base-year current-dollar revenues adjusted by changes in total passengermiles; gross output for other local transit services is based on base-year revenues adjusted by changes in the number of passenger trips; and gross output for school buses is based on base-year revenues adjusted by changes in employment. Thus, measures for local and interurban passenger transportation by definition cannot take into account changes in productivity that may have taken place, and in some cases, the output price indexes used to deflate output are not price indexes but cost indexes.
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From page 230...
... 230 INFORMATION TECHNOLOGY IN THE SERVICE SOCIETY TABLE B.1 Methods for Estimating ConstantDollar GPO for Various Service Industries Industry Transportation Railroads Local passenger transit Trucking and warehousing Water transportation Air transportation Pipelines Transportation services Communications Telephone and telegraph Radio and television broadcasting Electric, gas, and sanitary services Retail trade Wholesale trade finance, insurance, and real estate Banking Credit agencies Security and commodity brokers Insurance carriers Business and personal services Hotels and other lodging places Personal services Business services Auto repair services and garages Miscellaneous repair services Motion pictures Amusements and recreation Health services Legal services Educational services Social services Miscellaneous professional services Private household services Government General government Government enterprises Method Double deflation Double deflation Double deflation Double deflation Double deflation Double deflation Extrapolation Double deflation Double deflation Double deflation Double deflation Double deflation Extrapolation Extrapolation Double deflation Double deflation Double deflation Double deflation Extrapolation Double deflation Double deflation Direct deflation Double deflation Double deflation Double deflation Double deflation Direct deflation Direct deflation Direct deflation Extrapolation Extrapolation SOURCE: U.S. Department of Commerce, Bureau of Economic Analysis.
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From page 231...
... Best Co. IPD for PCE Laventhol & Horwath room-rate index CPIs from BLS CPIs from BLS Continues
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From page 232...
... Department of Transportation Edison Electric Institute Federal Communications Commission Gross national product EEI FCC GNP HCFA Health Care Financing Administration IPD M-E NYSE PCE PPI SEC Implicit price deflator McCann-Erickson Co. New York Stock Exchange Personal consumption expenditures Producer price index Securities Exchange Commission SOURCE: U.S.
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From page 233...
... material and other input have to be taken into account in deriving the appropriate input price indexes. To do this an input-output table, which measures in some detail the purchases from one industry by another, is used.
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Key Terms

  • direct deflation
  • bls cpis
  • gross output
  • price index
  • output price

  • input price
  • price indexes
  • service industries
  • revenues adjusted
  • price deflators

  • various service
  • interurban passenger
  • taxi fares
  • passenger trips
  • local transit

  • passenger transportation
  • intercity buses
  • school buses
  • consumer price
  • appropriate input

  • ppi sec
  • deflate output
  • sec implicit
  • federal communications
  • nipa data

  • various measures
  • cost indexes
  • commerce publishes
  • direct extrapolation
  • gpo measures


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