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Service Sector Productivity and Economic Growth in Asia

dc.contributor.authorJong-Wha Lee
dc.contributor.authorWarwick J. McKibbin
dc.date.accessioned2015-04-10T10:17:39Z
dc.date.available2015-04-10T10:17:39Z
dc.date.issued2014-07-15
dc.identifier.urihttp://hdl.handle.net/11540/4001
dc.description.abstractThis paper explores the impacts of more rapid growth in labor productivity in the service sector in Asia based on an empirical general equilibrium model. The model allows for input– output linkages and capital movements across industries and economies, and consumption and investment dynamics. We find that faster productivity growth in the service sector in Asia benefits all sectors eventually, and contributes to the sustained and balanced growth of Asian economies, but the dynamic adjustment is different across economies. This adjustment depends on the sectoral composition of each economy, the capital intensity of each sector, and the openness of each sector to international trade. In particular, during the adjustment to higher services productivity growth, there is a significant expansion of the durable manufacturing sector that is required to provide the capital stock that accompanies the higher aggregate economic growth rate.
dc.languageEnglish
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.titleService Sector Productivity and Economic Growth in Asia
dc.typeWorking Papers
dc.subject.expertCommerce and Industry
dc.subject.expertIntra-Industry Trade
dc.subject.expertLarge Scale Industry
dc.subject.expertLabor
dc.subject.expertTechnical Evaluation
dc.subject.expertResults-Based Monitoring And Evaluation
dc.subject.expertPerformance Evaluation
dc.subject.adbIndustrialization
dc.subject.adbIndustrial Economics
dc.subject.adbIndustrial Development
dc.subject.adbIndustrial Policy
dc.subject.adbTechnology assessment
dc.subject.naturalCapital market
dc.subject.naturalDeveloping countries
dc.subject.naturalMarket share
dc.subject.naturalLabor
dc.subject.naturalTechnology transfer
dc.subject.naturalCumulative effects assessment
dc.subject.naturalJob analysis
dc.subject.naturalTask analysis
dc.title.seriesADBI Working Paper Series
dc.title.volume490
dc.contributor.imprintAsian Development Bank
oar.themeIndustry
oar.themeEvaluation
oar.adminregionAsia and the Pacific Region
oar.countryBangladesh
oar.countryBhutan
oar.countryIndia
oar.countryMaldives
oar.countryNepal
oar.countrySri Lanka
oar.countryBrunei Darussalam
oar.countryCambodia
oar.countryIndonesia
oar.countryLao People's Democratic
oar.countryMalaysia
oar.countryMyanmar
oar.countryPhilippines
oar.countrySingapore
oar.countryThailand
oar.countryViet Nam
oar.countryCook Islands
oar.countryFiji Islands
oar.countryKiribati
oar.countryMarshall Islands
oar.countryFederated States of Micronesia
oar.countryNauru
oar.countryPalau
oar.countryPapua New Guinea
oar.countrySamoa
oar.countrySolomon Islands
oar.countryTimor-Leste
oar.countryTonga
oar.countryTuvalu
oar.countryVanuatu
oar.countryAfghanistan
oar.countryArmenia
oar.countryAzerbaijan
oar.countryGeorgia
oar.countryKazakhstan
oar.countryKyrgyz Republic
oar.countryPakistan
oar.countryTajikistan
oar.countryTurkmenistan
oar.countryUzbekistan
oar.countryPeople's Republic of China
oar.countryHong Kong
oar.countryChina
oar.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
oar.identifierOAR-003989
oar.authorLee, Jong-Wha
oar.authorMcKibbin, Warwick J.
oar.importtrue
oar.googlescholar.linkpresenttrue


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  • ADBI Working Papers
    The Asian Development Bank Institute (ADBI) Working Paper series is a continuation of the formerly named Discussion Paper series which began in January 2003. The numbering of the papers continued without interruption or change. ADBI was established in 1997 in Tokyo, Japan, to help build capacity, skills, and knowledge related to poverty reduction and other areas that support long-term growth and competitiveness in developing economies in Asia and the Pacific.

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