Fundamental implications of the neglect of servicisation by development economists

Adam Fforde

Cambridge Journal of Economics, 2024, vol. 48, issue 5, 889-908

Abstract: The article deploys servicisation as a case study to discuss economists’ methods and the confirmation bias issue. Data show the average pattern of structural transformation in developing countries has since the early 1990s been servicisation, and the faster the growth, the greater the servicisation. Data also show that servicisation has been an extremely under-researched topic compared with industrialisation. This is an example of confirmation bias—weak links between theory and facts—that erodes the plausibility of policy advice. The paper analyses methods and their policing, and points to issues to address to reduce risks of confirmation bias by strengthening ‘the power of facts’.

Keywords: Policy; Servicisation; Credibility revolution; Method (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1093/cje/beae023 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:cambje:v:48:y:2024:i:5:p:889-908.

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

Cambridge Journal of Economics is currently edited by Jacqui Lagrue

More articles in Cambridge Journal of Economics from Cambridge Political Economy Society Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().