i,j,k] to construct estimates of total turnover and aGVA for each legal and accounting services activity and each destination (UK, EU and non-EU).
6) Analogously, the estimated aGVA at basic prices of service type i to destination j is constructed as:
The experimental estimates for turnover and aGVA by disaggregated legal and accounting service activities, constructed using (7) and (8), are presented in Appendix tables A.
We answer the first question in tables 4 and 5 by comparing aGVA across locations for each service activity.
Table 4 gives the destination shares of aGVA for each accounting service activity, along with that activity's total [aGVA.
The average share of domestic value-added from domestic sales of accounting services is 86 per cent, with only 4 per cent and 10 per cent of British accounting services aGVA associated with EU and non-EU exports, respectively.
Next, we answer the second question--what is the direct impact on the domestic economy of each 1 [pounds sterling] exported--by comparing the aGVA with the turnover for each destination and service type.
Tables 6 and 7 give the aGVA shares for accounting and legal services respectively.
Of the 12 regions, eight saw growth in aGVA between 2011 and 2012, with the South East, the East Midlands and London contributing most to overall growth between 2011 and 2012.
A decline in aGVA of production industries between 2011 and 2012 was driven by Mining & quarrying which decreased by PS5.