We investigate the dynamic effects of interregional labor market integration on migration flows, capital formation, and the price for housing services. The co-evolution of these variables depends on initial conditions at the time of labor market integration. In an initially capital-poor economy,...

Services liberalisation has perhaps suffered from the deadlock of the WTO more than any other area of trade. As the discussions of a potential plurilateral agreement amongst a select group of countries continue, more questions are raised than answered. In a new policy brief by Hosuk...

Am 8. November 2017 fand der 18. ifo Branchen-Dialog statt. Rund 200 Teilnehmer aus Wirtschaft, Wissenschaft und Politik diskutierten aktuelle Entwicklungen und Herausforderungen in Industrie, Handel, Bauwirtschaft und Dienstleistungen. Nach der Begrüßung durch den Präsidenten der IHK für...

Development economists' disfavour with services as a viable engine of growth has been expressed both through theoretical and empirical analysis. One of the stylized facts of development economics is that share of services in employment increases only with the rise in per capita incomes. The...

The positive association between the service sector share of output and per capita income is one of the best-known regularities in all of growth and development economics. Yet there is less than complete agreement on the nature of that association. Here we identify two waves of service sector...

Among fast growing developing countries, India is distinctive for the role of the service sector. However, sceptics have raised doubts about both the quality and sustainability of the increase in service sector activity and its implications for economic development. Using National Accounts...

This work offers new insights into the determinants of service offshoring across countries and across service industries. Combining different data sources over the 2006-2009 period, I find that certain country characteristics affect offshoring costs for all services, while the effects of other...