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From page 239... ... Business services classification for statistics, 93-96 computer use, 132 international, 174 manufacturing industry, interrelationship, 82-91 productivity of, 153 Read the entire page →
From page 240... ... , 192, 193, 196- 197, 202-203 global, 11- 12, 35-36, 38-42, 167- 184 Japanese strategy, financial services, 203-210 general, 191-192 information technology, 192- 198 technology and, 26-27, 118- 138, 223 see also Regulation/deregulation Computer hardware and software, 32, 135-137 capital investment by services sector, 132-133 data bases, 37-38, 232-233 economies of scale in information, 69 educational software, 113 Japanese global strategy, 192-198 securities trading via, 27, 224 software copyrights, 223-224 software productivity data, 157-158 Consumer Price Index, 151 Consumers and consumption by services sector, 78-82 tax on, 112 Continental Illinois, 201 Contracts and contracting, unbundling of manufacturing/services, 61, 69 Copyright, see Intellectual property Corporate services, 69 COSMOS II, 221 Credit cards, 202 Current Employment Survey (CES) , 74, 143-144 Current Population Survey (CPS) Read the entire page →
From page 241... ... European Economic Community, 41, 209, 219 Exports/imports, see International trade Express cargo, see Air transport: cargo F Federal Deposit Insurance Corporation, 151 Federal Express, 161-163, 164, 221, 230 Federal government, 112 -- 115, 219-231 productivity of, measurement, 151 - 152 R&D role, 13, 110-111 see also International agreements; Policy issues; Regulation/deregulation; specific government agencies Federal Home Loan Bank Board, 151 Federal Mediation and Conciliation Service, 114 Federal Reserve Board, 151 Federal Trade Commission, 111, 115 Final demand composition, 58-60, 62 Financial markets foreign exchange, 44, 109, 219, 233 interest andinterest rates, 111, 112, 176, 220 international, 35-36, 217-218 savings, 111 securities trading, 27, 36, 188-189, 202, 234 see also Capital investment; Investment Financial services automotive marketing, 38, 216 deregulation, 36-37, 208-209 Read the entire page →
From page 242... ... employment and, 58-60, 62, 73, 109, 112 international trade in services as portion, 41 R&D and, 108, 110 sectoral, 17, 19, 100-104 Gross Product Originating series, 2-4 Group of Ten, 219 Guile, Bruce R., 1- 15 INDEX H Health care manufacturing industry, interrelationship, 82-91 productivity of hospitals, 153-154 technology and, 113 Health Systems Management Group, 153-154 Hirfendahl indices, 21-22 Honda, 34-35 Hospitals, productivity measures, 153- 154 Household activities production and purchase of services, 96-97 I Imports/exports, see International trade Inflation, 109, 110 Information technologies, 160 capital investment, general, 118- 119, 121-125; by services sector, 125-132 data bases, 37-38, 232-233 economies of scale in information, 69 financial services and, 38, 131, 132- 133, 134, 193, 199, 201 Japan's international strategy, 192- 198 manufacturing and, 215, 219 productivity and, 133- 137 unfair competition via, 224 value added, 209 see also Computer hardware and software Infrastructure, 12, 174, 219, 222, 224, 231 Japanese global strategy, 192, 193, 196, 201, 202 Innovation and technology, 6, 16-44, 76-78, 168, 213, 214 air express cargo, 162, 166 catalytic converters, 142 communications, 129- 130 competitive structures and, 26-27, 35-36, 118-137 computers, 132- 133 information industry, 118- 119, 122- 129 intensity measures, 129- 133 policy and, 110- 116 productivity, value added, and, 30, 105-108, 133-137 regulations and, 114- 115, 182, 220, 223-225, 231-232 resistance to, 69-70 Read the entire page →
From page 243... ... INDEX time factors, 220-221 see also Research and development Input-output analysis, 6-7, 8, 57-61, 74, 78-98, 100-108, 232-233 definitional issues, 70, 71-73, 93-96, 141-145 measurement issues, general, 139- 145, 155-158; by sector, 145-155 technology as factor, 99 Institute for Economic Analysis, 98 Insurance manufacturing industry, interrelationship, 82-92 Nippon Life Insurance Company, 202, 208 United Kingdom, 38 Intellectual property, l l, 43, 110, 223-224 Interest and interest rates, ill, 112, 176, 220 International agreements Air transport treaties, 164- 166 General Agreement on Tariffs and Trade, 10, 39, 213, 230 with Japanese, semiconductor dumping, 197; financial services, 203 International Balance of Payments Annual, 169 International Classification of Diseases, 153 International Monetary Fund, 38-39, 169 International organizations Bank for International Settlements, 225 European Economic Community, 41, 209, 219 Group of Ten, 219 International Monetary Fund, 38-39, 169 Organization for Economic Cooperation and Development, 107- 108, 169- 181 (passim) Society for World Interbank Financial Telecommunications, 38 International trade, 9- 12, 38-44, 116, 167- 184, 228-230, 232 agreements, 10, 39, 164-166, 197, 203, 213 air transport, 164- 166 balance of trade/payments, 38-40, 116, 169, 173, 188, 217, 225 capital market, 36 classification of services, 173- 175 competitive structures, 35-36 computer hardware, Japanese strategy, 192-198, 220 243 dumping, 192, 193, 196- 197, 202-203 financial and banking services, general, 173, 176-177, 179-180; by infrastructure and, general, 12, 174, 219, 222, 224, 231; by Japan, 192, 193, 196, 201, 202 Japan, 42-43, 187- 192, 193, 196, 201, 202, 198-210, 230-231 manufacturing services, 216-217 policy of U.S., 109 producer services industries growth, 69 protectionism, 192, 197, 205, 209, 230 social services and utilities, 181- 182 statistical overview, 169- 173 telecommunications and, 180 utilities, 181 - 182 Interstate Commerce Commission, 146- 147 Inventory, just-in-time, 34, 61, 160- 161, 162, 230 Investment foreign by U.S., 39-42 foreign in U.S., 41-42, 173, 197, 201-202, 203-204, 208, 230 in infrastructure, 12 services, 23 tax incentives, 111-112, 116, 219, 220, 231 trade deficit and, 116, 173 see also Capital investment J Japan banking and communications, 42-43 financial services, 42-43, 187- 192, 193, 198-210 Honda manufacturing/services interface, 34-35 information technology, 192- 198 international trade position, 11-12, 187-210, 220-221, 230-231 Job training, see Education and training Job Training Partnership Act, 113, 116 Just-in-time inventory, 34, 61, 160- 161, 162, 230 K Kendrick, John W., 7-8, 9, 23, 99-117, 223 Kettell, B., 233 Kutscher, Ronald E., 6, 7, 30, 47-75, 168 Read the entire page →
From page 244... ... , 61, 64, 74 productivity and, 134 see also Education and training; Employment and unemployment Manufacturing costs, 216 Manufacturing industries clerical workers, 62-66, 67 deindustrialization, 1-5 employment trends, 28-30, 62-64 growth, 16 interdependence with services industries, 6-7, 19-20, 32-35, 60-68, 76-77, 82-98, 167, 211-212, 214-219, 220 macroeconomic and tax supports, 220-222 managerial occupations, 62-63, 66-67 professional and technical workers, 62-63, 65, 66-67 staffing patterns, 66-67 unbundling of manufacturing/services, 60-68, 73 Mark, Jerome A., 7, 8-9, 23, 139-159 Marketing, 24 Mead Data Central, 37 Measurement issues INDEX government productivity, 151- 152 international trade, 39, 44, 177, 228-229 labor input, 143- 145 productivity, general, 6-7, 8-9, 22-23, 105, 134, 135, 139-143, 155-158, 213; by sector, 145-155 technology intensity measures (TIMs) , 129-133 see also Bureau of Labor Statistics; Classifications; Statistics Military, see Defense industries Minorities, 54-56 Mitsubishi Bank, 201 N National Academy of Engineering, 113 National Center for Health Statistics, 154 National Cooperative Research Act of 1984, 111 National Institutes of Education, 113 National Science Foundation, 110, 113, 116, 228 National Study on Trade in Services, 41 Newspapers, 37 New York Stock Exchange, 188, 192 NEXIS, 37 Nippon Life Insurance Company, 202, 208 Noruma Securities Company, 202 o Occupational Employment Statistics (OES) Read the entire page →
From page 245... ... , 20, 22 Protectionism, 192, 197, 205, 209, 230 Public services recession effects, 32 Public utilities, see Utilities Q Quality of services, 142 disintermediation and, 37 Quinn, James Brian, 6-7, 12- 13, 16-46, 211-234 R Reagan administration, 111, 112- 113, 197, 224-225, 228 Real gross product, 100-104 Recession, services sector effects, 120 on employment, 30-32 Regression analysis, 105- 108 Regulation/deregulation air cargo, 163- 166 antitrust, 37, 111, 115, 224 catalytic converters, 142 Europe, 36, 41, 209, 219 financial services, 36-37, 208-209 innovation and, 36-38 intellectual property, 11, 43, 110, 223-224 international, 10, 11, 39, 43, 163-166, 197, 200, 203, 213, 225 legal services, 69 as productivity factor, 107, 108, 114- 115 services associated with proliferation of, 69 small businesses, 116 technological change and, 114-115, 182, 220, 223-225, 231-232 transportation, 163-166, 219 Repair and parts services, 153 Research and development, 232 academic, 111, 116 Read the entire page →
From page 246... ... . Statutes 23, 47, 66, 93, 94, 95, 145 see also Bureau of Labor Statistics; Classifications; Measurement issues Job Training Partnership Act, 113, 116 National Cooperative Research Act of 1984, 111 Tax Act of 1986, 112 see also Regulation/deregulation Sumitomo Bank, 201, 208 Supply/demand, 34 GNP, employment growth, and, 58-60, 62, 73 for international services, 174- 176, 177-180 T Tax Act of 1986, 112 Taxes investment and other credits, 111- 112, 116, 219, 220, 231 R&D credits, 110 tuition credits, 113 Taxonomies, see Classifications Technology, see Innovation and technology; Research and development Technology intensity measures, 129-133 Telecommunications, see Communications Telephone industry, 147, 221 Tokyo Stock Exchange, 188 Total factor productivity, 100- 104 Read the entire page →
From page 247... ... INDEX Trade, see International trade Training, see Education and training Transportation industries deregulation, 37 manufacturing industry, interrelationship, 82-91 productivity measures, 146- 147 see also Air transport; Freight transport U Unbundling of manufacturing/services, 6, 60-68, 73 Unemployment, see Employment and unemployment United Kingdom, 23-24, 32, 38, 224 Universities, 111, 115- 116, 228 Utilities internationalization, 181- 182 manufacturing industry, interrelationship, 88-91 privatization, 38 productivity measures, 148 V Value added information technology, 209 247 international trade and, 231 Japanese global strategy, 192, 193, 197-198 manufacturing vs services, 18-20, 25, 33-34, 216 tax on, 112 technology and, 30 W Wages, see Salaries and wages Walter E Heller, 201 Washington Business Group on Health, 233 Wasserstein Perella, 202 Wholesale trade, 37 information technology dependence, 131, 132 manufacturing industry, interrelationship, 88-91 productivity measures, 149-150 Women, 30 Working conditions, 32 Wright, Richard W., 11 - 12, 187-210, 229 y Yale University, 153 Read the entire page →

From page 239...

... Business services classification for statistics, 93-96 computer use, 132 international, 174 manufacturing industry, interrelationship, 82-91 productivity of, 153

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From page 240...

... , 192, 193, 196- 197, 202-203 global, 11- 12, 35-36, 38-42, 167- 184 Japanese strategy, financial services, 203-210 general, 191-192 information technology, 192- 198 technology and, 26-27, 118- 138, 223 see also Regulation/deregulation Computer hardware and software, 32, 135-137 capital investment by services sector, 132-133 data bases, 37-38, 232-233 economies of scale in information, 69 educational software, 113 Japanese global strategy, 192-198 securities trading via, 27, 224 software copyrights, 223-224 software productivity data, 157-158 Consumer Price Index, 151 Consumers and consumption by services sector, 78-82 tax on, 112 Continental Illinois, 201 Contracts and contracting, unbundling of manufacturing/services, 61, 69 Copyright, see Intellectual property Corporate services, 69 COSMOS II, 221 Credit cards, 202 Current Employment Survey (CES) , 74, 143-144 Current Population Survey (CPS)

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From page 241...

... European Economic Community, 41, 209, 219 Exports/imports, see International trade Express cargo, see Air transport: cargo F Federal Deposit Insurance Corporation, 151 Federal Express, 161-163, 164, 221, 230 Federal government, 112 -- 115, 219-231 productivity of, measurement, 151 - 152 R&D role, 13, 110-111 see also International agreements; Policy issues; Regulation/deregulation; specific government agencies Federal Home Loan Bank Board, 151 Federal Mediation and Conciliation Service, 114 Federal Reserve Board, 151 Federal Trade Commission, 111, 115 Final demand composition, 58-60, 62 Financial markets foreign exchange, 44, 109, 219, 233 interest andinterest rates, 111, 112, 176, 220 international, 35-36, 217-218 savings, 111 securities trading, 27, 36, 188-189, 202, 234 see also Capital investment; Investment Financial services automotive marketing, 38, 216 deregulation, 36-37, 208-209

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From page 242...

... employment and, 58-60, 62, 73, 109, 112 international trade in services as portion, 41 R&D and, 108, 110 sectoral, 17, 19, 100-104 Gross Product Originating series, 2-4 Group of Ten, 219 Guile, Bruce R., 1- 15 INDEX H Health care manufacturing industry, interrelationship, 82-91 productivity of hospitals, 153-154 technology and, 113 Health Systems Management Group, 153-154 Hirfendahl indices, 21-22 Honda, 34-35 Hospitals, productivity measures, 153- 154 Household activities production and purchase of services, 96-97 I Imports/exports, see International trade Inflation, 109, 110 Information technologies, 160 capital investment, general, 118- 119, 121-125; by services sector, 125-132 data bases, 37-38, 232-233 economies of scale in information, 69 financial services and, 38, 131, 132- 133, 134, 193, 199, 201 Japan's international strategy, 192- 198 manufacturing and, 215, 219 productivity and, 133- 137 unfair competition via, 224 value added, 209 see also Computer hardware and software Infrastructure, 12, 174, 219, 222, 224, 231 Japanese global strategy, 192, 193, 196, 201, 202 Innovation and technology, 6, 16-44, 76-78, 168, 213, 214 air express cargo, 162, 166 catalytic converters, 142 communications, 129- 130 competitive structures and, 26-27, 35-36, 118-137 computers, 132- 133 information industry, 118- 119, 122- 129 intensity measures, 129- 133 policy and, 110- 116 productivity, value added, and, 30, 105-108, 133-137 regulations and, 114- 115, 182, 220, 223-225, 231-232 resistance to, 69-70

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From page 243...

... INDEX time factors, 220-221 see also Research and development Input-output analysis, 6-7, 8, 57-61, 74, 78-98, 100-108, 232-233 definitional issues, 70, 71-73, 93-96, 141-145 measurement issues, general, 139- 145, 155-158; by sector, 145-155 technology as factor, 99 Institute for Economic Analysis, 98 Insurance manufacturing industry, interrelationship, 82-92 Nippon Life Insurance Company, 202, 208 United Kingdom, 38 Intellectual property, l l, 43, 110, 223-224 Interest and interest rates, ill, 112, 176, 220 International agreements Air transport treaties, 164- 166 General Agreement on Tariffs and Trade, 10, 39, 213, 230 with Japanese, semiconductor dumping, 197; financial services, 203 International Balance of Payments Annual, 169 International Classification of Diseases, 153 International Monetary Fund, 38-39, 169 International organizations Bank for International Settlements, 225 European Economic Community, 41, 209, 219 Group of Ten, 219 International Monetary Fund, 38-39, 169 Organization for Economic Cooperation and Development, 107- 108, 169- 181 (passim) Society for World Interbank Financial Telecommunications, 38 International trade, 9- 12, 38-44, 116, 167- 184, 228-230, 232 agreements, 10, 39, 164-166, 197, 203, 213 air transport, 164- 166 balance of trade/payments, 38-40, 116, 169, 173, 188, 217, 225 capital market, 36 classification of services, 173- 175 competitive structures, 35-36 computer hardware, Japanese strategy, 192-198, 220 243 dumping, 192, 193, 196- 197, 202-203 financial and banking services, general, 173, 176-177, 179-180; by infrastructure and, general, 12, 174, 219, 222, 224, 231; by Japan, 192, 193, 196, 201, 202 Japan, 42-43, 187- 192, 193, 196, 201, 202, 198-210, 230-231 manufacturing services, 216-217 policy of U.S., 109 producer services industries growth, 69 protectionism, 192, 197, 205, 209, 230 social services and utilities, 181- 182 statistical overview, 169- 173 telecommunications and, 180 utilities, 181 - 182 Interstate Commerce Commission, 146- 147 Inventory, just-in-time, 34, 61, 160- 161, 162, 230 Investment foreign by U.S., 39-42 foreign in U.S., 41-42, 173, 197, 201-202, 203-204, 208, 230 in infrastructure, 12 services, 23 tax incentives, 111-112, 116, 219, 220, 231 trade deficit and, 116, 173 see also Capital investment J Japan banking and communications, 42-43 financial services, 42-43, 187- 192, 193, 198-210 Honda manufacturing/services interface, 34-35 information technology, 192- 198 international trade position, 11-12, 187-210, 220-221, 230-231 Job training, see Education and training Job Training Partnership Act, 113, 116 Just-in-time inventory, 34, 61, 160- 161, 162, 230 K Kendrick, John W., 7-8, 9, 23, 99-117, 223 Kettell, B., 233 Kutscher, Ronald E., 6, 7, 30, 47-75, 168

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From page 244...

... , 61, 64, 74 productivity and, 134 see also Education and training; Employment and unemployment Manufacturing costs, 216 Manufacturing industries clerical workers, 62-66, 67 deindustrialization, 1-5 employment trends, 28-30, 62-64 growth, 16 interdependence with services industries, 6-7, 19-20, 32-35, 60-68, 76-77, 82-98, 167, 211-212, 214-219, 220 macroeconomic and tax supports, 220-222 managerial occupations, 62-63, 66-67 professional and technical workers, 62-63, 65, 66-67 staffing patterns, 66-67 unbundling of manufacturing/services, 60-68, 73 Mark, Jerome A., 7, 8-9, 23, 139-159 Marketing, 24 Mead Data Central, 37 Measurement issues INDEX government productivity, 151- 152 international trade, 39, 44, 177, 228-229 labor input, 143- 145 productivity, general, 6-7, 8-9, 22-23, 105, 134, 135, 139-143, 155-158, 213; by sector, 145-155 technology intensity measures (TIMs) , 129-133 see also Bureau of Labor Statistics; Classifications; Statistics Military, see Defense industries Minorities, 54-56 Mitsubishi Bank, 201 N National Academy of Engineering, 113 National Center for Health Statistics, 154 National Cooperative Research Act of 1984, 111 National Institutes of Education, 113 National Science Foundation, 110, 113, 116, 228 National Study on Trade in Services, 41 Newspapers, 37 New York Stock Exchange, 188, 192 NEXIS, 37 Nippon Life Insurance Company, 202, 208 Noruma Securities Company, 202 o Occupational Employment Statistics (OES)

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From page 245...

... , 20, 22 Protectionism, 192, 197, 205, 209, 230 Public services recession effects, 32 Public utilities, see Utilities Q Quality of services, 142 disintermediation and, 37 Quinn, James Brian, 6-7, 12- 13, 16-46, 211-234 R Reagan administration, 111, 112- 113, 197, 224-225, 228 Real gross product, 100-104 Recession, services sector effects, 120 on employment, 30-32 Regression analysis, 105- 108 Regulation/deregulation air cargo, 163- 166 antitrust, 37, 111, 115, 224 catalytic converters, 142 Europe, 36, 41, 209, 219 financial services, 36-37, 208-209 innovation and, 36-38 intellectual property, 11, 43, 110, 223-224 international, 10, 11, 39, 43, 163-166, 197, 200, 203, 213, 225 legal services, 69 as productivity factor, 107, 108, 114- 115 services associated with proliferation of, 69 small businesses, 116 technological change and, 114-115, 182, 220, 223-225, 231-232 transportation, 163-166, 219 Repair and parts services, 153 Research and development, 232 academic, 111, 116

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From page 246...

... . Statutes 23, 47, 66, 93, 94, 95, 145 see also Bureau of Labor Statistics; Classifications; Measurement issues Job Training Partnership Act, 113, 116 National Cooperative Research Act of 1984, 111 Tax Act of 1986, 112 see also Regulation/deregulation Sumitomo Bank, 201, 208 Supply/demand, 34 GNP, employment growth, and, 58-60, 62, 73 for international services, 174- 176, 177-180 T Tax Act of 1986, 112 Taxes investment and other credits, 111- 112, 116, 219, 220, 231 R&D credits, 110 tuition credits, 113 Taxonomies, see Classifications Technology, see Innovation and technology; Research and development Technology intensity measures, 129-133 Telecommunications, see Communications Telephone industry, 147, 221 Tokyo Stock Exchange, 188 Total factor productivity, 100- 104

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From page 247...

... INDEX Trade, see International trade Training, see Education and training Transportation industries deregulation, 37 manufacturing industry, interrelationship, 82-91 productivity measures, 146- 147 see also Air transport; Freight transport U Unbundling of manufacturing/services, 6, 60-68, 73 Unemployment, see Employment and unemployment United Kingdom, 23-24, 32, 38, 224 Universities, 111, 115- 116, 228 Utilities internationalization, 181- 182 manufacturing industry, interrelationship, 88-91 privatization, 38 productivity measures, 148 V Value added information technology, 209 247 international trade and, 231 Japanese global strategy, 192, 193, 197-198 manufacturing vs services, 18-20, 25, 33-34, 216 tax on, 112 technology and, 30 W Wages, see Salaries and wages Walter E Heller, 201 Washington Business Group on Health, 233 Wasserstein Perella, 202 Wholesale trade, 37 information technology dependence, 131, 132 manufacturing industry, interrelationship, 88-91 productivity measures, 149-150 Women, 30 Working conditions, 32 Wright, Richard W., 11 - 12, 187-210, 229 y Yale University, 153

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Index Pages 239-247

Index
Pages 239-247