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

Pervez Tahir


The raison d'etre of this article is to focus attention on an
awkward cor¬ner in the emerging growth pattern of GDP—.the
disproportionate growth and the weight of the service element, which has
important implications for the character and structure of economic
growth. The suggested alternative will be serviceless GDP so as to
delineate real growth from spurious growth.

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