Specificity of the State Regulation of the Service Sector: Structural Approach

Vladimir Plotnikov (), Albina Volkova () and Yury Nikitin ()
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Vladimir Plotnikov: Saint Petersburg State University of Economics
Albina Volkova: Academy of Material and Technical Provision
Yury Nikitin: Academy of Material and Technical Provision

A chapter in Innovative Business Development—A Global Perspective, 2018, pp 291-300 from Springer

Abstract: Abstract In the modern economy there is a tendency for state intervention to intensify. Crisis phenomena in the economic systems of many countries and the world as a whole determine the need for state economic policy to take a more proactive turn. The purpose of the article is to consider the specifics of regulating the services sector of the economy in the modern conditions. The urgency of this purpose is due to the fact that the services sector is one of the most important system-forming sectors of the modern economy. During the analysis, the authors used the data of the World Bank and national statistics. As a result of the research, it was proved that economic regulation in the sphere of services has its own specific features that are determined by the nature of services, industry-specific features of service processes, uneven regional development, etc. Accounting for these aspects is possible through structural changes in economic policy. Measures of state regulation of the services sector should be coordinated with instruments of regional, industrial, structural, innovative and other branches of state economic policy.

Keywords: Sphere of services; Economic policy; State regulation of the economy (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-01878-8_24

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DOI: 10.1007/978-3-030-01878-8_24

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