Skip to main content
padlock icon - secure page this page is secure

4. Research Note: Using the Income Approach to Calculate the Voluntary Sector's Economic Contribution to Gross Domestic Product: A Welsh Case Study

Buy Article:

$6.42 + tax (Refund Policy)

Assessing the economic contribution of the voluntary sector to gross domestic product can be considered methodologically as an under-researched area in the UK, since the majority of research work lacks detailed methodology, including unclear sampling procedures, questionable analytical techniques and unverified data sources. Notably, earlier studies mainly focused on approaches to estimate volunteers' economic contribution, rather than discussing main economic models to measure overall income variables of the sector. Therefore, this article is expected to fill a gap in the literature by taking into account all possible income components of the sector, including factor payments, as the total income of the voluntary sector. An earlier study (Hasan, 2008) was conducted on the Wrexham voluntary sector to verify the applicability of the income approach. The main difficulties of Hasan's research were twofold: there were insufficient data sources and there was reluctance on the part of voluntary organizations to supply monetary information. However, the earlier study recommended that the income approach gave the sector more accurate estimates (while not overly under- or over-estimating) when complete information regarding income, expenditure and volunteers' hourly contribution were properly considered. Accordingly, this paper critically explores the utility of the income approach.
No Reference information available - sign in for access.
No Citation information available - sign in for access.
No Supplementary Data.
No Article Media
No Metrics

Document Type: Research Article

Publication date: July 1, 2014

More about this publication?
  • Contemporary Wales is at the forefront of research into economic, political and social sciences relating to Wales. It contains both academic and practitioner-based articles, annual economic and legal reviews, and book reviews. Its interdisciplinary content drawing on current research on Wales makes the journal essential reading for students and researchers across a range of subject areas, including political and social policy, history, law, media and languages. Contemporary Wales has published articles in English and in Welsh.

    Mae Contemporary Wales wedi’i gyhoeddi’n gan Wasg Prifysgol Cymru fel llwyfan ar gyfer ymchwil blaengar ar Gymru o safbwynt y gwyddorau economaidd, gwleidyddol a chymdeithasol. Mae'n cynnwys cyfuniad o erthyglau gan academyddion ac ymarferwyr, adolygiadau economaidd a chyfreithiol blynyddol, ac adolygiadau o gyhoeddiadau yn y maes. Mae natur rhyngddisgyblaethol y cynnwys sy'n seliedig ar yr ymchwil diweddaraf yn golygu bod y cyfnodolyn yn hanfodol i wleidyddion, gwneuthurwyr polisi, y cyfryngau, gwasanaethau cyhoeddus, llywodraeth leol yn ogystal â fyfyrwyr ac ymchwilwyr mewn ystod eang o feysydd gan gynnwys polisi gwleidyddol a chymdeithasol, hanes, y gyfraith, y cyfryngau a ieithoedd. Mae Contemporary Wales wedi cyhoeddi erthyglau yn y Gymraeg a’r Saesneg.

  • Information for Authors
  • Subscribe to this Title
  • Ingenta Connect is not responsible for the content or availability of external websites
  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more