THE SERVICE SECTOR ROLE IN THE CONTRIBUTING TO ECONOMIC GROWTH AND ITS INTERRELATION WITH INDUSTRY SECTOR
Table of contents
Share
Metrics
THE SERVICE SECTOR ROLE IN THE CONTRIBUTING TO ECONOMIC GROWTH AND ITS INTERRELATION WITH INDUSTRY SECTOR
Annotation
PII
S268667300000616-7-1
Publication type
Article
Status
Published
Edition
Pages
41-64
Abstract
The service sector rapid growth based on information technologies and a number of social and economic changes in the world contributed to the economy structure transformation towards a significant service industries share predominance in it. Nowadays, dynamically developing service industries account for a large share of GDP of both developed and developing countries, making the highest contribution to economic growth, providing the economic and social processes reproduction at a new qualitative level. The article provides a detailed analysis of the service sector contri bution to economic growth based on a study of its industrial structure on the exam ple of some developed and developing countries, the consideration of the service sec tor gross value added and employment indicators, the study of the United States in dustry and services dynamics in a crisis and recovery periods with a comparison of the results achieved in each sector of the economy. Also in the article, the interindus try interrelation between the manufacturing and the service sector is analyzed. The conclusion is made that the dynamically developing service sector in the modern economy is a biggest contributor to economic growth, being the most important sup plier and consumer of intermediate products and characterized by the greater stabil ity than industry sector in crisis periods with a significant recovery.
Keywords
service industries, reproduction of the economy, contribution to economic growth, crisis period, interindustry interrelation, intermediate consumption
Date of publication
09.10.2017
Number of purchasers
1
Views
242
Readers community rating
0.0 (0 votes)
Cite Download pdf

To download PDF you should sign in

1

References



Additional sources and materials


1. International Monetary Fund. 2017. World Economic Outlook, April 2017. Available at: http://www.imf.org/en/Publications/WEO/Issues/2017/04/04/world-economic-outlook-april-2017 (accessed 20.05.2017)
2. The World Bank Data. Available at: http://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD (accessed 07.06.2017)
3. Dinamika potrebitel'skikh tsen v Rossii v period spada ehkonomiki. 2016. Byulleten' sotsial'no-ehkonomicheskogo krizisa v Rossii. № 9. Available at: http://ac.gov.ru/files/publication/a/7642.pdf (accessed: 12.06.2017)
4. OECD Statistics. Science, Technology and Patents. Available at: http://stats.oecd.org/ (accessed: 05.06.2017); OECD STI Scoreboard. 2015. p. 57. Available at: (accessed: 05.06.2017) DOI: 10.1787/888933273253
5. The World Bank Data. Available at: http://wdi.worldbank.org/tables (accessed: 07.06.2017)
6. China Statistical Yearbook. 2016. Available at: http://www.stats.gov.cn/tjsj/ndsj/2016/indexeh.htm (accessed: 03.06.2017)
7. Rossijskij statisticheskij ezhegodnik. 2016: Stat. sb. (Red. koll.: A.E. Surinov, Eh.F. Baranov, N.S. Bugakova [i dr.]). M.: Rosstat. c. 505
8. Inside OPS. Are Your Operations Ready for a Digital Revolution? 2016. - Boston Consulting Group. July. p.16
9. Robot Revolution - Global Robot & Al Primer. 2015. - Bank of America Merrill Lynch. Available at: https://www.bofaml.com/content/dam/boamlimages/documents/PDFs/robotics_and_ai_condensed_primer.pdf (accessed: 15.05.2017)
10. Statista. Available at: https://www.statista.com/statistics/189788/global-outsourcing-market-size/ (accessed: 08.06.2017)
11. Deloitte. 2016. Global Outsourcing Survey. p. 6. Available at: https://www2.deloitte.com/content/dam/Deloitte/us/Documents/process-and-operations/us-cons-sdt-gos-exec-summary-2016.pdf (accessed: 15.06.2017)
12. Pilat D., Wolfl A. 2005. Measuring The Interaction Between Manufacturing and Services. - STI Working Paper 2005/5. OECD. Paris. p. 13
13. Uslugi v sovremennoj ehkonomike. 2010. (Otv. red. L.S. Demidova, V.B. Kondrat'ev). M.: IMEhMO RAN. 342 s.
14. Yusov A.B. 2011. Kritika teorii postindustrial'nogo obschestva. - Problemy sovremennoj ehkonomiki. № 1. Available at: http://www.m-economy.ru/art.php?nArtId=3443 (accessed: 25.05.2017).

Comments

No posts found

Write a review
Translate