Methodology No direct information is collected on the output of employees or the self- employed...
11
Methodology • No direct information is collected on the output of employees or the self-employed • Income approach is used to apportion output, utilising development work from the sectional unit labour costs system. Income weights are defined as (COE+GOS)/GDP(Y) for employees, and one minus this for the self-employed • These income weights are consistent with those implied in the national accounts, and are applied to indices of GVA to derive synthetic GVA indices for employees and the self-employed separately • System utilises new hours estimates developed to meet ESA requirements, with split between employees and the self-employed • Estimates are non-seasonally adjusted, and presented as four- quarter moving averages, based on 2010=100 1
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Transcript of Methodology No direct information is collected on the output of employees or the self- employed...
Methodology
• No direct information is collected on the output of employees or the self-employed
• Income approach is used to apportion output, utilising development work from the sectional unit labour costs system. Income weights are defined as (COE+GOS)/GDP(Y) for employees, and one minus this for the self-employed
• These income weights are consistent with those implied in the national accounts, and are applied to indices of GVA to derive synthetic GVA indices for employees and the self-employed separately
• System utilises new hours estimates developed to meet ESA requirements, with split between employees and the self-employed
• Estimates are non-seasonally adjusted, and presented as four-quarter moving averages, based on 2010=100
1
Economic Forum 10 July 2014: self-employment
2
Productivity of Employees and Self-Employed4 Quarter Moving Average
Economic Forum 10 July 2014: self-employment
3
Productivity of Employees and Self-Employed4 Quarter Moving Average
Economic Forum 10 July 2014: self-employment
4
Productivity of Employees and Self-Employed4 Quarter Moving Average
Economic Forum 10 July 2014: self-employment
5
Productivity of Employees and Self-Employed4 Quarter Moving Average
Economic Forum 10 July 2014: self-employment
6
Productivity of Employees and Self-Employed4 Quarter Moving Average
Economic Forum 10 July 2014: self-employment
7
Productivity of Employees and Self-Employed4 Quarter Moving Average
Economic Forum 10 July 2014: self-employment
8
Productivity of Employees and Self-Employed4 Quarter Moving Average
Economic Forum 10 July 2014: self-employment
9
Productivity of Employees and Self-Employed4 Quarter Moving Average
Economic Forum 10 July 2014: self-employment
10
Productivity of Employees and Self-Employed4 Quarter Moving Average
Economic Forum 10 July 2014: self-employment
11
Productivity of Employees and Self-Employed4 Quarter Moving Average
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