scholarly journals The rise of the “service economy” in the second half of the twentieth century and its energetic contingencies

2019 ◽  
Vol 30 (2) ◽  
pp. 231-246
Author(s):  
Ulrich Witt ◽  
Christian Gross
Keyword(s):  
Twentieth Century ◽  
Service Sector ◽  
Value Added ◽  
Service Economy ◽  
Economic Sectors ◽  
Close Relationship ◽  
Productivity Differentials ◽  
Production Technologies ◽  
Energy Dependent ◽  
Productivity Gains

AbstractThe characteristic of the “service economy” is the rise to dominance of the service sector in terms of employment and value added shares. We track this rise during the second half of the twentieth century for the U.S., more precisely the period from 1970 to 2005. Following seminal work by Baumol (1967) the rise is often attributed to growing productivity differentials between the economic sectors. The causes of the productivity differentials are, however, controversial. Inspired by Georgescu-Roegen’s (1971) evolutionary approach to production theory, the present paper explores whether differences in the energetic features of the sectors’ production technologies contribute to the growing sectorial productivity differentials. For the data for our period of analysis it turns out that a close relationship indeed exists between the sectors’ incentives for substituting relatively cheap energy for ever more expensive labor and their labor productivity gains. In highly energy-dependent sectors an increasing energy/labor ratio has been driving productivity growth while this was not the case in the service sector. The paper closes with a short discussion of what the finding may imply for the future of the service economy.

scholarly journals Stride of Service Sector in Nepal’s Trajectories of Structural Change

2018 ◽  
pp. 69-98
Author(s):  
Madhav Prasad Dahal
Keyword(s):  
Structural Transformation ◽  
Service Sector ◽  
Time Series Data ◽  
Value Added ◽  
Developed Countries ◽  
Policy Implications ◽  
Series Data ◽  
Economic Sectors ◽  
Distributed Lag ◽  
Gross Value Added

Agriculture, manufacturing and service sectors are the major economic sectors of a country. The long held view is that economies’ development trajectories move from agriculture to manufacturing to services. These conclusions are primarily based on the studies of developed countries. However more recent studies relating to developing countries have brought evidences that the structural transformation path is not linear as experienced by today’s developed countries. Nepal is not an exception is experiencing the waves of sector-wise structural transformation. Using time series data of the period 1975-2016 of the economy of Nepal this paper analyses the association between gross value added and service sector value added in the analytic-framework of the autoregressive distributed lag (ARDL) to cointegration. The empirical result reveal a cointegrating relationship between real gross value added and service sector value added. Result also show service sector enhancing role of education and export trade of Nepal. The paper finally draws few policy implications essential for service sector sustainability to support overall economic growth.Economic Journal of Development Issues Vol. 21 & 22 No. 1-2 (2016) Combined Issue

Enterprise Performance Analysis of the Selected Service Sector by Applying Modern Methods with an Emphasis on the Creation and Application of the Modified Creditworthy Model (MCWM)

2018 ◽  
Vol 9 (17) ◽  
Author(s):  
Erika Onuferová ◽  
Veronika Čabinová
Keyword(s):  
Service Sector ◽  
Prediction Models ◽  
Economic Value ◽  
Value Added ◽  
Financial Indicators ◽  
Tourism Sector ◽  
Future Success ◽  
Financial Growth ◽  
Net Assets ◽  
Third Dimension

The aim of presented paper was to create and subsequently apply the Modified 3D Creditworthy Model (MCWM) of performance reflecting sectoral characteristics and financial specificities of the selected sample of Slovak tour operators over the years 2013 – 2017. The intention of this research study was to implement the key financial indicators and appropriate prediction models into both dimensions of the traditional 2D Creditworthy Model of performance and to supplement its third dimension applying the selected modern assessment methods – the Economic Value Added and the Return On Net Assets as we consider them to be one of the most important indicators of future success and company's financial growth. This modification will help to better identify the current financial position of tour operators and more accurately identify causes that hinder the development of financial performance of the selected sample of enterprises. However, after adjusting the upper and lower quartile averages of a particular industry, this methodology is applicable in the wider context of enterprises, not only those operating in the tourism sector.

The Service Sector in the Economy in Poland and European Union Countries

2015 ◽  
Vol 10 (3) ◽  
pp. 191-207
Author(s):  
Walentyna Kwiatkowska
Keyword(s):  
Service Sector ◽  
Value Added ◽  
Total Employment ◽  
Eu Countries ◽  
Gross Value Added ◽  
European Union Countries ◽  
Service Sectors ◽  
Sector Theory ◽  
The Eu

The role of the service sector in the economy is increasing in the process of socio-economic development. This tendency has been confirmed and explained by the three-sector theory formulated by A.G.B. Fisher, C. Clark, and J. Fourastie. The main goal of the paper is to show development tendencies in service sectors in Poland and the EU countries and assess them in view of the three-sector theory. The share of the service sector in the total employment and in the total gross value added in the years 2005-2013/2014 will be analysed together with two sub-sectors including market and non-market services. The research shows that the share of the service sector in total employment and total gross value added has been recently increasing in Poland as well as in other EU countries, but there is a gap in this process between Poland and the most developed EU countries. Moreover, in Poland, the role of market services has been recently increasing much faster than the role of non-market services. 

Food and Water Security in West Asia

2018 ◽  
pp. 512-529
Author(s):  
Eckart Woertz
Keyword(s):  
Role Model ◽  
Value Added ◽  
Water Security ◽  
Virtual Water ◽  
Agricultural Trade ◽  
Economic Sectors ◽  
Trade Surplus ◽  
Self Sufficiency ◽  
Water Scarce ◽  
Policy Solutions

West Asia is one of the most water-scarce regions of the world and one of its foremost importers of virtual water despite sustained efforts at self-sufficiency, especially in cereal production. Technology-oriented policy solutions eye a reorientation of agriculture towards fruit and vegetables that are less water-intensive than cereals and provide more value added per water unit consumed. Turkey is a role model here; the country has an agricultural trade surplus and ranks among the top ten agricultural economies globally in value terms. Yet technology-oriented policy prescriptions overlook the sociopolitical ‘problemsheds’ that emerge (along with new agro-lobbies) and agriculture as the main water consumer has to compete with other economic sectors and sprawling urbanization. This article looks at the different categories of countries and their specific challenges.

The Service Sector in the United States, 1839 to 1899

1967 ◽  
Vol 27 (4) ◽  
pp. 625-628 ◽  
Author(s):  
Thomas Weiss
Keyword(s):  
United States ◽  
Service Sector ◽  
Value Added ◽  
The United States ◽  
Professional Services ◽  
Service Industries ◽  
Public Utilities ◽  
Personal Services ◽  
Government Education ◽  
Quantitative Development

The dissertation is a study of the service industries in the United States during the period 1839 through 1899. The primary purpose of the study is to provide three series relating to the quantitative development of the sector. These series—value-added, gainful workers, and capital stock—provide benchmark estimates at decade intervals centered on census years. Series are presented for the aggregate sector; the major components, final and intermediate services; and eight industries. These eight industries, defined as the service sector, are trade, transportation and public utilities, finance and insurance, professional services, personal services, government, education, and the independent hand trades.

Economic Structural Transformation in Emerging Market Countries

2021 ◽  
pp. 097491012110046
Author(s):  
Kunling Zhang
Keyword(s):  
Economic Development ◽  
Labor Force ◽  
Structural Transformation ◽  
Service Sector ◽  
Agricultural Sector ◽  
Emerging Market ◽  
Value Added ◽  
Industrial Sector ◽  
Trade Structure ◽  
Emerging Market Countries

This article analyzes the structural transformation in 30 emerging market countries (E30) on the dimensions of industry, trade, and urbanization. It finds that first, in the agricultural sector, E30 have contributed greatly to the increase of the global agricultural productivity and the transfer of labor force from the agricultural sector to industry or the service sector. However, these countries still feature a high percentage of agricultural employment, which means there is vast room for shifting the agricultural labor force. Second, in the industrial sector, E30 have made remarkable contributions to the world’s industrial development but have also displayed a trend of premature “deindustrialization.” Third, the service sector has picked up speed and gradually turned into a new driver of economic development in E30. Against this backdrop, E30 face the major challenge of how to cope with the premature deindustrialization and smoothly shift the economic growth engine from the industrial sector to the service sector. Fourth, E30 have become an important force in the world trade, with their trade structure switching from simple, primary, low-value-added goods to sophisticated, high-grade, and high-value-added goods and services. However, some emerging market countries are more susceptible to the impacts of the anti-globalization trend because of their high reliance on foreign trade and improper trade structure. Therefore, how to diversify the economy and enhance its economic resilience holds the key to the sustainable economic development of E30. Fifth, E30 have contributed greatly to world urbanization. As urbanization relies more on the service sector than on the industrial sector, it is vital to properly strike a balance between industrialization and urbanization, and between industrialization and service sector development.

Implementation of lean in IT SME company: an Italian case

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Marco Torri ◽  
Kaustav Kundu ◽  
Stefano Frecassetti ◽  
Matteo Rossini
Keyword(s):  
Manufacturing Industry ◽  
Service Sector ◽  
Manufacturing Sector ◽  
Single Case ◽  
Value Added ◽  
Lean Implementation ◽  
Content Type ◽  
Italian Case ◽  
Lean Practices

Purpose In spite of huge advancement of Lean in the manufacturing sector, its advantage in the service sector is not fully investigated. The purpose of this paper is to cover this gap in particular for the information technology (IT) sector through the implementation of the Lean philosophy in a small- and medium-sized enterprise (SME), operating in the IT sector. Design/methodology/approach A case study is conducted and following the A3 model, Lean is deployed in the case company. Data were collected through on-site interviews, waste sources were identified and then countermeasures for their reduction were proposed and adopted. Findings This study reveals that the implementation of the Lean practices in an SME operating in the IT sector offers good operative and financial results, thanks to the higher productivity obtained through the reduction of non-value-added activities. Research limitations/implications This paper reports a single case study, not enough to generalize the results. Moreover, more Lean tools and practices should be tested in IT companies to assess their effectiveness. Practical implications This paper increments the knowledge base for the application of Lean and A3 model outside the manufacturing industry. This paper should assist practitioners and consultants who have the desire to understand a better way of Lean implementation in fast-growing IT industry and in SME. Originality/value Research on Lean implementation in an SME company and in IT sector is scarce. This study aims to assess the efficiency of the adoption of Lean practices following the A3 model. The results could be highly valuable for similar companies (dimension or sector), especially those that are facing transition situations in terms of size and at the same time want to improve their operations performance, efficiency and avoid waste.

NAČELO PRILAGOĐENOSTI USLUGE I PRAVO NA SLOBODAN IZBOR

2021 ◽  
Author(s):  
Jelena Janković ◽  
Keyword(s):  
Rule Of Law ◽  
Service Sector ◽  
Free Choice ◽  
Moral Authority ◽  
Service Users ◽  
Service Economy ◽  
Moral Dimension ◽  
The Rule Of Law ◽  
Legal Relationship ◽  
The Right

The first step of a positive change in the system of service-legal relations is a change of view on the role and importance of service users. By providing opportunity to the service user to be an active and important member of the service-legal relationship, a far-reaching and universal value of humanization of the service economy sector is achieved. In such circumstances, the moral authority of the service law is realized through its justice and through voluntary obedience to the law of the subjects of the service-legal relationship. Precisely, this moral dimension of the rule of law, in the service economy sector is realized by applying the principles of service suitability and the right to free choice. In this regard, the paper analyzes the moral dimension and culture of the rule of law in the service sector, based on the principle of service suitability and the right to free choice, which are presented in the paper as guardians of justice of the service-legal norm.

EAST ASIAN FINANCIAL SYSTEMS AND THE TRANSITION FROM INVESTMENT-DRIVEN TO INNOVATION-DRIVEN ECONOMIC DEVELOPMENT

2000 ◽  
Vol 04 (03) ◽  
pp. 253-276 ◽  
Author(s):  
MICHAEL CARNEY ◽  
ERIC GEDAJLOVIC
Keyword(s):  
Information Technology ◽  
East Asian ◽  
Value Added ◽  
High Growth ◽  
High Technology ◽  
Financial Systems ◽  
Economic Sectors ◽  
Financial Infrastructure ◽  
Technology Initiatives ◽  
Start Ups

Many of today's high growth and high value-added businesses are concentrated in the knowledge- and innovation-based industries of information technology, telecommunications, biotechnology, media, software and entertainment. Though the governments of Hong Kong, Singapore & Taiwan (Asian NIEs) have invested heavily in promoting these sectors, they have largely failed to produce internationally competitive firms. We argue that government-led initiatives that were appropriate for economies in the investment-driven stage of industrialisation need to be reformed. As some economic sectors approach the technology frontier, diverse financing arrangements are needed to direct capital to high technology start-ups. To complement existing government-related technology initiatives, a more varied financial infrastructure must be developed.

scholarly journals ASSESSMENT AND ANALYSIS OF SOME CHANGES IN THE SECTORAL STRUCTURE OF THE ECONOMY

2019 ◽  
Vol 17 (Suppl.1) ◽  
pp. 138-144
Author(s):  
Iv. Stoycheva
Keyword(s):  
Regional Policy ◽  
Structural Changes ◽  
National Level ◽  
Value Added ◽  
Economic Sectors ◽  
Regional Economic ◽  
Services Sector ◽  
Sectoral Structure ◽  
Agriculture Industry ◽  
Level Of Aggregation

The regional economic opportunities for the development of economy are linked to the dynamics of regional disparities formation and to the implementation of adequate regional policy in order to achieve economic efficiency. The socio-economic development of the country depends on the appropriate and effective construction of such regional economic structures, which provide favorable development at both regional and national level. The purpose of this article is to assess the changes in the sectoral structure of the indicators gross value added and employment for the period 2008-2017 and to prove the importance of the services sector as a sector with a growing potential for development. Structural divergences at national level have been assessed at the level of aggregation of three main economic sectors-agriculture, industry and services. The achieved results on the strength and direction of structural changes show that the restructuring takes place at different rates in individual regions, as in regions with a more developed economy and more favorable indicators the dynamics of these processes predetermines structure in which the supply of services is highly prevalent.

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