Manufacturing and Service Sector Roles in the Evolution of Innovation and Productivity

Ana Maria Santacreu and Heting Zhu

Economic Synopses, 2018, issue 2, 3 pages

Abstract: The relative size of the manufacturing sector in an economy depends on its stage of development. As economies become more industrialized, employment and output increase rapidly. Eventually, for large-enough levels of development, the contribution of the manufacturing sector starts declining in favor of the service sector.

Date: 2018
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DOI: 10.20955/es.2018.2

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