The growth of business services and the economic cycle

Juan Cuadrado-Roura () and Luis Rubalcaba

ERSA conference papers from European Regional Science Association

Abstract: Business services have become one of the most dynamic activities in modern economies. Their high growth rates in value added and employment support its outstanding position. The paper identifies short-term cyclical and long-term structural components in the business services growth. The relationship between business services and the economic cycle and the wide spectrum of reasons explaining structural growth are also analysed. The conclusions point out the importance of business services for economic progress of current economies. It seems that the structural component is more relevant than the cyclical one. The available data for some main OECD countries show that there is still a potential margin for further structural growth for business services. Some policies implications can be drawn from all this.

Date: 1998-08
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www-sre.wu.ac.at/ersa/ersaconfs/ersa98/papers/402.pdf (application/pdf)

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:wiw:wiwrsa:ersa98p402

Access Statistics for this paper

More papers in ERSA conference papers from European Regional Science Association Welthandelsplatz 1, 1020 Vienna, Austria.
Bibliographic data for series maintained by Gunther Maier ().