Details

Autor(en) / Beteiligte

• O'Connell, John
• Harte, Laurence
• Ruane, Dermot

Titel

Quantification of Output Growth and Value-Added Captured by the Irish Food Processing Sector

Ist Teil von

• The Irish journal of management, 2004-01, Vol.25 (1), p.68

Ort / Verlag

Dublin: De Gruyter Poland

Erscheinungsjahr

2004

Quelle

Electronic Journals Library

Beschreibungen/Notizen

• Value-added is defined as the value of output less the value of intermediate inputs consumed (Hill, 1971). It may be measured for any entity in which economic activity is conducted. It may be expressed in gross or net terms. In accounting terms, gross value added consists of the sum of the values of wages/salaries, profits and depreciation. Gross value added (GVA) represents the payment to all the factors of production in the defined business entity. A measure of net value-added excludes the value of depreciation. Value-added is the basis for measurement of Gross National Product (GNP) and Gross Domestic Product (GDP) and equates with the word "product" in these terms. Economic growth in a country or region is conventionally measured by reference to change in either GNP or GDP at constant prices. This paper is concerned with the measurement of value-added in the Irish food processing sector.