Development of services in selected countries in the world

2015 ◽  
Vol 60 (10) ◽  
pp. 75-84
Author(s):  
Agata Szczukocka
Keyword(s):  
Comparative Analysis ◽  
Research And Development ◽  
Service Sector ◽  
Statistical Data ◽  
Value Added ◽  
Services Sector ◽  
Gross Value Added ◽  
The World ◽  
Similarities And Differences ◽  
Intensive Development

Intensive development of the service sector (as evidenced by economic indicators, such as gross value added and employment levels) pointed out the similarities and differences existing in the world. The study used statistical data on gross value added, employed, exports and imports of services and spending on research and development. To conduct a comparative analysis Ward methods and multidimensional scaling were used. The application of these methods made it possible to isolate groups of countries are similar in terms of the development of the services sector and the countries in which this development is significantly different from the others.

scholarly journals Development of the service sector in Poland compared to other European Union countries: an extended analysis

2020 ◽  
Vol 185 (9-10) ◽  
pp. 15-26
Author(s):  
Agata Szczukocka ◽  
Keyword(s):  
European Union ◽  
Economic Development ◽  
Service Sector ◽  
Value Added ◽  
Developed Countries ◽  
Retail Trade ◽  
Services Sector ◽  
Gross Value Added ◽  
European Union Countries ◽  
The Creation

Introduction. In the recent years, many changes in the economic transformations that can be treated as evidences of the country’s economic development were observed in the European Union member states. The service sector also experienced many changes. The nature of services is constantly changing, new types of services keep appearing, but at the same time many of them suffer from lack of demand and disappear. The role of services is more and more significant in the socio-economic development as well as in individuals’ lives, hence, this is a relevant issue and should be studied extensively. The purpose of the paper is to discuss the transformations taking place in the services sector in Poland against other European Union countries and to analyze internal changes within the sector. Methods. Taken in this paper attempt to assess the development of the services sector is based on the analysis of the economic indicators, mainly the gross value added and employment rates. The study presents the results of the research on the development of the service sector in years 2009-2019. The directions and scope of changes taking place in particular services sector sections were analyzed. The results of the conducted research show that the determinant of the level of the service sector development is not only its high share in the three-sector structures, but also internal changes observed in the sector itself. The individual sections contribution to the creation of the gross value added and the level of employment vary greatly. The dominant activity among service entities in terms of value added is commercial activity. Moreover, the analysis of the service sector identifies which sections have the greatest impact on the service sector development. These sections include: wholesale and retail trade, transport and warehouse management, as well as professional, scientific and technical activities. Conclusion. Based on the research, it was found that the share of the service sector in the structures of economies of highly developed countries is prevailing. It is indicated by the increase in employment in this sector, the growing share in the creation of gross value added, as well as the number of service enterprises. The service sector stimulates the development of the economy, and its condition proves the dynamics of social and economic development.

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. 

Changing Composition and Growth Performance of Services Sector in India after Liberalization

2020 ◽  
pp. 432-436
Keyword(s):  
Growth Rate ◽  
Growth Performance ◽  
Direct Investment ◽  
Service Sector ◽  
World Market ◽  
Limiting Factor ◽  
Arunachal Pradesh ◽  
Services Sector ◽  
State Economy ◽  
The World

This present study makes an analysis of changing contribution of sub-sector and composition and growth performance in Indian economy. In addition to that, the contribution of sub-sector of service sector in state economy. The results revealed that the growth rate of Chandigarh was high due to providing especial emphasis on dominating sub-sectors of services and its most preferred destination for technology whereas, Sikkim and Arunachal Pradesh due to geographical and environmental conditions development were higher in floriculture and agriculture, although, tourism emerged as a new profession and have different opportunities. Apart of that, in the wake of some challenges in the form of lack of infrastructure, recent crisis in the world market, foreign direct investment (FDI) restrictions and outsourcing backlash were major limiting factor.

POSSIBILITIES OF REALIZATION OF SERVICE SECTOR POTENTIAL IN THE GLOBAL ECONOMY

2021 ◽  
Author(s):  
Oksana Melnichuk
Keyword(s):  
International Trade ◽  
Gross Domestic Product ◽  
Global Economy ◽  
World Economy ◽  
Service Sector ◽  
Developing Economies ◽  
Domestic Product ◽  
Trade In Services ◽  
Services Sector ◽  
The World

The relevance of the study is due to the growing role of services in the world economy. Trade in services has become the dominant driver of economic growth and development in both developed and developing economies. Since the 1980s, data suggest that there is a stronger relationship between trade in services and gross domestic product (GDP) than in the case of commodity growth and GDP. It is noted that the quality of policies, regulations and institutional frameworks is a key factor in determining the effectiveness of services. As services are increasingly subject to liberalization through multilateral and regional trade agreements, it is important that countries develop harmonized approaches to internal regulation and trade liberalization in the services sector. The article identifies the features and characteristics of the service sector as a factor of multifaceted development and growth. The dynamics of international trade in services by geographical structure and types of development of countries is studied on the basis of statistical data of international organizations, taking into account the impact of the pandemic. It is noted that international trade in services is becoming an increasingly important part of global commerce. The problematic aspects of the activity of small business entities to enter foreign markets of services are considered. The issue of urgency of digital economy development for the sphere of services and contribution to world markets is outlined. Opening up the services sector has the potential to bring great benefits and deserves more attention. Further prospects for the realization of entrepreneurial potential in a comprehensive global economy are outlined. It is noted that services are an important part of the world economy, generating more than two-thirds of world gross domestic product (GDP), attracting more than three-quarters of foreign direct investment in developed economies, and creating most of new jobs worldwide. Establishing effective coordination mechanisms between trade negotiators, policymakers and regulators will be an important tool for the development of the global economy.

scholarly journals Services Sector in Lithuania: Labour Productivity as a Factor of Growth

Ekonomika ◽  
2008 ◽  
Vol 81 ◽  
Author(s):  
Jolanta Žemgulienė
Keyword(s):  
Growth Rate ◽  
Comparative Analysis ◽  
Productivity Growth ◽  
Labour Productivity ◽  
Value Added ◽  
Service Industries ◽  
Services Sector ◽  
Labour Productivity Growth ◽  
Empirical Regularities ◽  
The Relationship

This paper examines the tendencies of Lithuanian services sector’s value added and labour productivity during 1995-2006. Comparative analysis of the average annual labour productivity growth in manufacturing and service industries reveals arguments supporting the W. Baumol’s consideration that there can be sporadic productivity increases in nonprogressive sectors. During 1995-2000, labour productivity growth in services exceeded productivity growth in manufacturing. The paper offers an interpretation of the Verdoom law for empirical regularities of the relationship between the cross-sectorial labour productivity growth rate and the value added growth rate.

scholarly journals Assessing the Economical Efficiency of Intermodal Chains in Global Trade

2018 ◽  
Vol 58 ◽  
pp. 01032
Author(s):  
Bogusz Wiśnicki ◽  
Dariusz Milewski
Keyword(s):  
Comparative Analysis ◽  
Statistical Data ◽  
Global Scale ◽  
Efficiency Analysis ◽  
Global Trade ◽  
Transport Efficiency ◽  
The World ◽  
The Usa ◽  
A Chain ◽  
Different Parts

The paper relates to the development of intermodal technologies used in international trade, together with factors which will influence that development at present and in the future. The aim of the paper is to assess impact of the integration of intermodal chains on logistics costs and thus on global trade. The special emphasize is laid on the problem of the diversity of standards of containers and transport technology in different parts of the world. This research is based on the available statistical data and information obtained from leading logistics operators. The authors conducted comparative analysis of the economic efficiency of usage of different sizes of cargo units, both standard and non-standard, relating to representative intermodal chain between the USA and Europe. In order to assess different scenarios a model was elaborated for calculating the total costs of such a chain, and transport efficiency analysis with the use of this model were conducted. The results of research presented in the paper confirm that integration of intermodal chains thanks to standardization of loading units in a global scale could be profitable. The results of logistics cost analysis prove measurable benefits for logistics operators and as well as their customers.

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

scholarly journals Indian Tourism its potential avenues and challenges for growth: Riding on the service sector

2016 ◽  
Vol 3 (2) ◽  
Author(s):  
Dr. Sebastian .T. Joseph ◽  
Abhishek Janvier Frederick
Keyword(s):  
Growth Rate ◽  
Foreign Exchange ◽  
Service Sector ◽  
Service Industry ◽  
Services Sector ◽  
The World ◽  
Traditional Service ◽  
Recent Developments ◽  
Real Challenge ◽  
Better Than

<p>Given the countless activities and avenues for growth under the umbrella of services and the resilience that the service sector has acquired post 1991 reform period in India, it is not difficult to acknowledge that India’s service sector has finally arrived! The post recession survival of the Indian economy has largely been possible due to the contribution of the services sector to India’s GDP. This sector has been recognized as one posing innumerable opportunities, attracting FDI boosting employment and propelling exports. So much so for the opportunities; the challenges are also many.</p><p><br />The real challenge lies not only in maintaining standards in areas where India has established universal benchmarks such as IT and ITEs but a larger challenge lies in probing and developing traditional areas such as tourism and shipping where other countries of the world have far surpassed Indian standards, nevertheless, they present manifold opportunities for India. The number of Foreign Tourist Arrivals (FTAs) in India during 2010 increased to 5.78 million as compared to 5.17 million in 2009. Registering a growth rate of 11.8% during 2010 over 2009. This growth rate of 11.8% in 2010 for India was better than UNWTO’s projected growth rate of 5% to 6% for the world in 2010. Tourism continues to play an important role as a foreign exchange earner for the country. In 2010, foreign exchange earnings (FEE) from tourism were US$ 14.19 billion as compared to US$ 11.39 billion in 2009, registering a growth of 24.6%.Through this paper we attempt to understand and probe a traditional service area ; tourism as a service industry, its contribution to India’s economy, recent developments, opportunities and challenges.</p>

scholarly journals A Comparative Analysis of Chinese and British Consumers’ Consumption Behaviours and Attitudes Toward Fast-Fashion Brand as Zara and H&M

2020 ◽  
Vol 5 (2) ◽  
pp. 17
Author(s):  
Shan Jiang
Keyword(s):  
Comparative Analysis ◽  
Research Result ◽  
Cultural Background ◽  
Chinese Consumers ◽  
Fast Fashion ◽  
Consumption Behavior ◽  
Fashion Brand ◽  
The World ◽  
Similarities And Differences ◽  
Major Factors

With emerging of economy and increasing awareness, fast-fashion consumption has been a popular trend around the globe. With features of rapid updating speed, competitive capability and unerring insight, fast-fashion brand consumption had been a regular experience for people in the world. However, owning to different consumption perception and cultural background, attitude towards fast-fashion brands varied from one country to another. Therefore, this research was aimed to conduct a comparative analysis on consumption behavior and attitude about fast-fashion brands between Chinese consumers and British consumers. By means of distributing questionnaires to Chinese consumers and British consumers respectively, this research figured out the similarities and differences in relation to consumption behavior and attitude between Chinese consumers and British consumers. Moreover, major factors were explored to analyze their influence on consumption behavior and attitude of consumers. Finally, with the help of research result and its analysis, effective measures were put forward to help fast-fashion brands to motivate Chinese consumers and British consumers to have fast-fashion brand consumption.

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