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COST SHARES

Gross output based

For gross output based estimates of MFP it is more relevant to use cost shares, albeit with the absolute values remaining the same for capital and labour. Much of the pattern experienced in the income shares is repeated for the gross output cost shares.

Table 2.30 shows the capital, labour and intermediate inputs cost shares for gross output for 1994-95 and 2004-05. Over the last decade Mining and Finance & insurance both had their capital cost share increase by more than 10 percentage points, with their labour and intermediate inputs cost shares both falling. Between 1994-95 and 2004-05, Wholesale trade had the largest labour cost share increase. Manufacturing and Electricity, gas & water had the highest increase in their intermediate input cost shares for the same period.

2.30 Capital, Labour and Intermediate inputs cost shares of gross output
	Capital		Labour		Intermediate inputs
	1994-95	2004-05	1994-95	2004-05	1994-95	2004-05
	%	%	%	%	%	%
Agriculture, forestry & fishing	29	35	19	21	52	44
Mining	40	52	16	12	43	36
Manufacturing	15	14	26	22	59	64
Electricity, gas & water	40	38	18	17	42	46
Construction	6	10	22	21	71	70
Wholesale trade	15	17	29	28	56	55
Retail trade	13	12	34	39	53	49
Accommodation, cafes & restaurants	11	15	34	35	55	50
Transport & storage	16	15	25	24	59	61
Communication services	33	32	22	20	45	47
Finance & insurance	22	33	40	34	37	33
Cultural & recreational services	10	14	28	29	62	58