The measurement and role of government procurement in macroeconomic statistics
Details the measurement and role of government procurement in the UK National Accounts, including existing data methodcollections, and identifies specific initiatives.This article details the measurement and role of government procurement in the UK National Accounts. The needfor an accurate estimate has increased following both internal and external usersâ€™ analytical requirements, in particularthe development of measures of market sector gross value added, emphasis on government productivity and newmethods for estimating National Accounts. Existing data collection methods are detailed, and specific initiatives areidentified, some of which are already underway. These initiatives, which will involve working closely with HM Treasury,the Office of Government Commerce and other government departments, will focus on improving the product breakdownof, and price deflators for, government procurement data. Economic & Labour Market Review (2007) 1, 32–38; doi:10.1057/palgrave.elmr.1410042
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