SUMMARY
The data suggests that changes in MFP within this industry may be related to capacity utilisation and therefore only partly reflect underlying gains or falls in technical efficiency. The tourist accommodation data appears to suggest that movements in capacity utilisation have the greatest impact on productivity figures for the accommodation subdivision. Further research is required to analyse the impact of capital as an intermediate input as well as the role and composition of capital in this industry. There is also a need for more research into the quality adjustment of output volumes and prices.
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