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We document that the employment share of high-skill-intensive services is much lower in China than in countries with … China. If they were removed, both high-skill-intensive services and GDP per capita would increase considerably. We document …
Persistent link: https://www.econbiz.de/10012122986
This paper studies structural changes underlying China's remarkable and unprecedented growth in recent years. While … patterns of structural transformation across China's provinces are broadly in line with international experience, one important … labor productivity in the rest of the economy and services has widened across China's provinces as they have moved from low …
Persistent link: https://www.econbiz.de/10013071364
Persistent link: https://www.econbiz.de/10011865752
The service industries of China have grown continuously with the development of the Chinese economy as a whole since … the shift to the service economy.In this study, I analyze how the shift to the service economy in China, accelerated in …
Persistent link: https://www.econbiz.de/10014264408
There is a widespread perception that the Republic of Korea's service sector lags behind its dynamic world-class manufacturing sector. We empirically analyze the past performance of the Republic of Korea's service sector in order to assess its prospects as an engine of growth. Our analysis...
Persistent link: https://www.econbiz.de/10009696204
The underdeveloped service sector in Asia has the potential to become a new engine of economic growth for developing Asia, which has traditionally relied on export-oriented manufacturing to power its growth. The central objective of this paper is to empirically analyze the prospects for the...
Persistent link: https://www.econbiz.de/10009696209
The rise of the service economy has been the predominant pattern of structural change in the twentieth century. This article investigates the driving forces behind the recent stages of this development. Focusing on international input - output data from the early 1970s to the 1990s, a...
Persistent link: https://www.econbiz.de/10011492011
The relationship between economic structure and productivity growth has been a subject of increasing interest over recent decades. The innovative focus of this paper concerns the role of the service sector in this relationship at a regional level. Services play a core role in advanced economies,...
Persistent link: https://www.econbiz.de/10012654183
This paper studies the effect of structural change on the historical path of aggregate labor productivity growth for a large sample of European countries, and it builds a quantitative multi-sector growth model to analyze the potential impact that structural change may have on future productivity...
Persistent link: https://www.econbiz.de/10012625868
Although Thailand's service sector accounts for almost half of the national income and has a major stake in national employment, its contribution to the growth of the gross domestic product (GDP) fluctuates. Moreover, the share of the service sector in GDP is decreasing while many developed...
Persistent link: https://www.econbiz.de/10009781188