The Scottish economy [December 1993]

McFarland, Mark and Anthony, Myrvin and Armstrong, Lorraine and Ashcroft, Brian and Draper, Paul and Dunlop, Stewart and Le Tissier, Sarah and Lockyer, Cliff and Malloy, Eleanor and McGregor, Peter and McNicoll, Iain and McRory, Eric and Reid, Clare and Smith, R and Stevens, Jim and Swales, Kim and Yin, Ya Ping, Fraser of Allander Institute (1993) The Scottish economy [December 1993]. Quarterly Economic Commentary, 19 (2). pp. 7-50. ISSN 0306-7866

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The official output indices for production and construction industries have been rebased to 1990 = 100 and grouped into the new 1992 SIC definitions. The latest Scottish Office News Release (9/11/93) revealed substantial revisions to the Scottish indices back to the first quarter 1985. In order to compare the revised data with the previous series, and estimate our output equation, we have rebased the new output index series for Scottish production industries (Groups C, D, E of the 1992 SIC) to 1985 = 100.