Service sector development, structural change, and economic growth : international experriences and implications for China

2001 ◽  
Author(s):  
Shaojun Huang

Author(s):  
Elena Fourcroy ◽  
Nina Drejerska

Research on sectoral employment is an important part of economic investigation devoted to structural change, traditionally referred to when describing economic growth. At the same time, agricultural employment has been traditionally studied as an important feature characterizing rural economies. The main aim of the paper is to investigate agricultural employment transformation in France from the beginning of the twentieth century. Specific objectives include the presentation of changes in agricultural employment in France as well as their main determinants. A theoretical concept of the three sectors by Colin Clark, Jean Fourastié and Allan Fisher was referred to. It can be concluded that France is now in the “completion phase”, with the service sector dominating the employment structure. However, the French economy never experienced a real period of industrial predominance specified in the three-sector theory. Current issues in agricultural employment in France include the ageing of farmers, newcomers (already related to agriculture by their family or outsiders), increasing involvement of women as well as flows between sectors (agriculture is not a lifelong profession any more).



1998 ◽  
Vol 17 (1) ◽  
pp. 29-37
Author(s):  
Keith Griffin

Vietnam has been remarkably successful in managing structural adjustment and macroeconomic reform. As a result, it has achieved very rapid economic growth during the present decade without, apparently, a substantial increase in inequality. All sectors of the economy have grown rapidly and yet there has been dramatic structural change. This growth and structural change, according to official data, have occurred despite a relatively low rate of investment. Our analysis suggests, however, that savings and investment have been understated, that actual output is higher than the national accounts data indicate and that growth is even faster than the official figures suggest. These results are a consequence of the nature and sequencing of the policy reforms that were introduced from the 1980s onwards.











Author(s):  
Okumoko Tubo Pearce ◽  
Cookey Ibeinmo Friday ◽  
Question Emomotimi Mcdonald

This work examines the impact of intangible assets on economic growth in Nigeria, using time series data from 1990 to 2019. Relevant theoretical and empirical literatures were reviewed. Government expenditure on research and development, intellectual capital proxied by human capital stock, intellectual property and service sector employment were regressed as independent variables against the real GDP (proxy for economic growth) as the dependent variable. Secondary data were used for this work. The ARDL bound test was adopted in estimating the model. We discovered that government expenditure on R&D, intellectual capital and intellectual property do not have significant relationship with economic growth proxied by RGDP; meanwhile service sector employment had a significant relationship with economic growth in Nigeria. Also, government expenditure on R&D; and service sector employment were rightly signed; while intellectual capital and intellectual property were not rightly signed. This implies that when government increases its expenditure on R&D, it will result to economic growth, so also service sector employment in the long-run. Meanwhile, an increase in intellectual capital and intellectual property will reduce RGDP. We therefore propose that government should upgrade its spending on R&D so as to boost intellectual capital and property. The government should also create employment for the stock of human capital. Finally, government institutions such as producers’ protection agencies should be empowered to protect intellectual properties in Nigeria.



2006 ◽  
Vol 45 (4II) ◽  
pp. 797-817
Author(s):  
Toseef Azid ◽  
Naeem Khaliq ◽  
Muhammad Jamil

Development of overall economy of any country largely depends upon the characteristics of different prominent sectors such as agriculture, industry, services, etc. Sharp structural change in prominent sectors are experienced by the Pakistan’s economy during the last four decades, in which industrial and service sector have exhibited an extra ordinary rate of growth, while the agricultural sector did not shown that rate of growth which was experienced during the time of green revolution. Due to these structural changes in the prominent sectors volatility of growth rate has been experienced by the economy. To the extent that most of the recent volatility in growth rate of GDP can be attributed to the increasing share of the some volatility of the some prominent sectors, the analysis of their volatility can be useful in providing some enlightenment on the factors behind this phenomenon and its implications for the formulation of the policy in the future.



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