EconPapers    
Economics at your fingertips  
 

Growth of service sector in BRIIC economies

Maisya Farhati and Raquel Ortega-Argiles ()

Economic Journal of Emerging Markets, 2018, vol. 10, issue 1, 40-52

Abstract: In recent years, there has been growing attention to service sector in the world economies. This study analyses service sector in Brazil, Russia, India, Indonesia and China (BRIIC), which are five of the largest economies in today’s developing world. We examine how the services links with overall economic activities and what drives its growth in the period 2000-2010. This research finds that in BRIIC economies, final demand in other sectors has not enhanced services output. Furthermore, using structural decomposition analysis, this study investigates various aspects which contribute to the growth of services output, which are final domestic demand, export, and changes in technology. The result suggests that in BRIIC economies, final domestic demand has been the main driver of the growth of services that exceeded more than 70% of overall effect in all economies. Domestic final demand for services contributed higher than the non-services one.

Keywords: input-output; structural decomposition analysis; service sector; BRIIC (search for similar items in EconPapers)
JEL-codes: F14 L80 O14 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://journal.uii.ac.id/JEP/article/download/8734/8079 (application/pdf)
https://journal.uii.ac.id/JEP/article/view/8734/8079 (text/html)

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:uii:journl:v:10:y:2018:i:1:p:40-52

DOI: 10.20885/ejem.vol10.iss1.art5

Access Statistics for this article

More articles in Economic Journal of Emerging Markets from Universitas Islam Indonesia, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Ana Yuliani ().

 
Page updated 2019-12-23
Handle: RePEc:uii:journl:v:10:y:2018:i:1:p:40-52