Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/151048
Authors: 
Erber, Georg
Madlener, Reinhard
Year of Publication: 
2009
Citation: 
[Journal:] Weekly Report [ISSN:] 1860-3343 [Year:] 2009 [Volume:] 5 [Issue:] 9 [Pages:] 55-61
Abstract: 
A conventional decomposition of the financial sector's gross value added growth into its various components indicates that investments in Information and Communication Technologies are highly important. However, a more comprehensive calculation reveals that growth is the result of - in particular - the increased deployment of medium-skilled labour, without whom the technological potential could not be fully realized. Further, productivity increases in the financial sector are also the result of value chains restructured in favour of external intermediate inputs. Case studies and microeconomic assumptions serve to confirm these relations.
Subjects: 
Financial service industries
Stochastic production possibility frontiers
Efficiency analysis
Growth accounting
JEL: 
C23
E23
O57
Document Type: 
Article

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