The dominance of producers services in the U.S. economy
Some economists have been concerned with the phenomenon of rapid and growing service sector employment and output in the United States. De-industrialisation has been viewed as a threat to the long-term viability of the economy. This paper provides a rebuttal to these views and examines the various d...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Associazione Economia civile
2013-10-01
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| Series: | PSL Quarterly Review |
| Subjects: | |
| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10936 |
| _version_ | 1811172466506072064 |
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| author | H.G. GRUBEL M.A. WALKER |
| author_facet | H.G. GRUBEL M.A. WALKER |
| author_sort | H.G. GRUBEL |
| collection | DOAJ |
| description | Some economists have been concerned with the phenomenon of rapid and growing service sector employment and output in the United States. De-industrialisation has been viewed as a threat to the long-term viability of the economy. This paper provides a rebuttal to these views and examines the various definitions of the services that are being measured. The analysis concludes that it is producer services that are on the increase; these are intermediate services provided to businesses that reflect increasing specialisation within the labour force.
JEL: L80, O14
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| first_indexed | 2024-04-10T17:31:40Z |
| format | Article |
| id | doaj.art-ac0fde416fce42e089286d61a9823127 |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-04-10T17:31:40Z |
| publishDate | 2013-10-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-ac0fde416fce42e089286d61a98231272023-02-03T16:45:54ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432013-10-014417610.13133/2037-3643/10936The dominance of producers services in the U.S. economyH.G. GRUBELM.A. WALKERSome economists have been concerned with the phenomenon of rapid and growing service sector employment and output in the United States. De-industrialisation has been viewed as a threat to the long-term viability of the economy. This paper provides a rebuttal to these views and examines the various definitions of the services that are being measured. The analysis concludes that it is producer services that are on the increase; these are intermediate services provided to businesses that reflect increasing specialisation within the labour force. JEL: L80, O14 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10936Service sectorDe-industrialisation |
| spellingShingle | H.G. GRUBEL M.A. WALKER The dominance of producers services in the U.S. economy PSL Quarterly Review Service sector De-industrialisation |
| title | The dominance of producers services in the U.S. economy |
| title_full | The dominance of producers services in the U.S. economy |
| title_fullStr | The dominance of producers services in the U.S. economy |
| title_full_unstemmed | The dominance of producers services in the U.S. economy |
| title_short | The dominance of producers services in the U.S. economy |
| title_sort | dominance of producers services in the u s economy |
| topic | Service sector De-industrialisation |
| url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10936 |
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