The Shift to Services: A Review of the Literature

Ronald Schettkat and Lara Yocarini ()
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Lara Yocarini: Utrecht University

No 964, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: The present paper provides an overview of literature on the shift to services. It follows the three dimensions of structural change - final demand, the inter-industry division of labor and inter-industry productivity differences. It first looks at the ‘classics’, however (Fisher (1935), Clark (1940), Fourastié (1949), Baumol (1967, 2001), and Fuchs (1968)). Next, it treats studies analyzing differences in service-industry employment, and offers a discussion of studies focussing on final demand as an explanation of higher service shares in GDP. It also provides an overview of studies analyzing the inter-industry division of labor on the basis of input-output data. Finally, it discusses studies following Baumol’s cost-disease hypothesis.

Keywords: economic development; service industries; structural economic change; productivity; employment (search for similar items in EconPapers)
JEL-codes: E2 J2 J3 L0 L8 N1 O1 O3 O4 (search for similar items in EconPapers)
Pages: 44 pages
Date: 2003-12
New Economics Papers: this item is included in nep-his, nep-hpe and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (28)

Published - published in: Structural Change and Economic Dynamics, 2006, 17 (2), 127-147

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