Private Services as a Source of Growth?

Jyrki Ali-Yrkkö, Mika Pajarinen and Petri Rouvinen

No 36, ETLA Reports from The Research Institute of the Finnish Economy

Abstract: Abstract There are almost 200,000 enterprises operating in the Finnish service sector, combined. However, not all of the service industries are the same. Some services have become independent of geographical locations, meaning that they can be exported, much like physical products. Other services still require that they are produced and consumed in the same place. Significant differences also exist between the scalability of different services. Since 2007, employment growth has been the fastest in the location-dependent services. The real growth of value added and the increase of productivity, however, have been concentrated in the service industries which do not depend on geography, and where the economies of scale apply the most.

Keywords: Service; Growth; Policy; Offshorability; Tradability; Scalability (search for similar items in EconPapers)
JEL-codes: F23 L52 L80 L88 O30 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2014-10-31
New Economics Papers: this item is included in nep-cse and nep-gro
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