The Service Economy in OECD Countries: OECD/Centre d'études prospectives et d'informations internationales (CEPII)

Improving the performance of the services sector is important to enhance aggregate economic growth. This is primarily since the service sector has become the quantitatively most important sector in all OECD economies. The growing role of services is not only the result of a resource re-allocation to...

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Bibliographic Details
Main Author: Wölfl, Anita (Author)
Format: Electronic eBook
Language:English
Published: Paris OECD Publishing 2005
Series:OECD Science, Technology and Industry Working Papers
Subjects:
Online Access:Volltext
Summary:Improving the performance of the services sector is important to enhance aggregate economic growth. This is primarily since the service sector has become the quantitatively most important sector in all OECD economies. The growing role of services is not only the result of a resource re-allocation towards services, as the sector with low productivity growth. It is also related to demand side factors, such as a high income elasticity of demand for some services, demographic developments, the provision of certain services as public goods, and the growing role of services as providers of intermediate inputs. The empirical evidence points to several areas where employment and productivity growth in services is held back. For example, labour-intensive production in many services industries may reduce the potential for productivity growth. Innovation is held back by obstacles that are particularly relevant for services industries. The evidence also shows that the regulatory environment for ...
Physical Description:1 Online-Ressource (81 Seiten) 21 x 29.7cm
DOI:10.1787/212257000720

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