5260.0.55.001 - Information paper: Experimental Estimates of Industry Multifactor Productivity, 2007  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 07/09/2007  First Issue
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OUTPUT

Value added in volume terms grew by 3.2% per year on average between 1985-86 and 2005-06 (figure 14.2). In 2000-01 value added was boosted by the Sydney 2000 Olympics, with growth of 7.0%.


Data for the public and private sectors for this industry come from two different sources. For private sector, output is based on sales of goods and services from the ABS Quarterly Business Indicators Survey. This survey covers services such as, gambling, sport and recreational, cultural and entertainment and broadcasting. The public sector data is based on Government financial reporting records and contains a significant non-market element which is valued at cost.


The diversity of activities within this industry means that obtaining appropriate volume measures is problematic. Rather than using output prices for the deflators, a number of proxies are used, such as the CPI and labour cost indexes. In addition, volume estimates are unlikely to capture all aspects of quality change.


Growth in value added accelerated in the mid 1990s, coinciding with higher incomes, which may have influenced demand for these activities. That is, an increase in affluence may mean that individuals were able to spend more on cultural and recreational activities.

14.2 Culture & recreational services outputs and inputs, (2004-05 = 100)
Graph: 14.2 Culture & recreational services outputs and inputs, (2004-05 = 100)


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