The Service Element in National Accounts: A Preliminary Basis for an Alternative Formulation | Zendy

Pervez Tahir | Zendy

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The Service Element in National Accounts: A Preliminary Basis for an Alternative Formulation

Author(s) -

Pervez Tahir

Publication year - 1978

Publication title -

the pakistan development review

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.154

H-Index - 26

ISSN - 0030-9729

DOI - 10.30541/v17i3pp.302-315

Subject(s) - element (criminal law) , spurious relationship , economics , service (business) , focus (optics) , macroeconomics , character (mathematics) , national accounts , neoclassical economics , economy , political science , mathematics , law , statistics , geometry , physics , optics

The raison d'etre of this article is to focus attention on anawkward cor¬ner in the emerging growth pattern of GDP—.thedisproportionate growth and the weight of the service element, which hasimportant implications for the character and structure of economicgrowth. The suggested alternative will be serviceless GDP so as todelineate real growth from spurious growth.

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