The Servicification of Manufacturing in Asia: Redefining the Sources of Labor Productivity
Mercer-Blackman, Valerie; Ablaza, Christine | December 2018
Abstract
Services are playing an increasingly important role in the global economy. Over the last few decades, the sector’s contribution to output, employment, and value-added trade has grown quite dramatically. The rise of services and apparent decline of manufacturing employment have raised concerns about the future of growth given the lower labor productivity of the former. But more recent studies have argued against this for several reasons. Among others, current measures of productivity do not properly account for the indirect contribution of services to other sectors. For example, the additional value generated by services in the production of manufactured goods can be substantial, but it is not properly accounted for because of the indivisible and intangible nature of services. Moreover, the rise of the digital economy has created new ways for services to contribute to production. This paper aims to tackle some of these issues by focusing on the servicification of manufacturing in Asia. Our contribution to the emerging literature is twofold. First, we propose a conceptual framework of servicification. And second, we offer some preliminary evidence of this phenomenon for Asia and measurement proposals to disentangle the contribution of services to labor productivity.
Citation
Mercer-Blackman, Valerie; Ablaza, Christine. 2018. The Servicification of Manufacturing in Asia: Redefining the Sources of Labor Productivity. © Asian Development Bank Institute. http://hdl.handle.net/11540/9474.Keywords
Comprehensive Development Framework
Development Challenges
Development Planning
Millennium Development Goals
Policy Development
Program Evaluation
Performance Evaluation
Evaluation Criteria
Human Capital Development
Capital Market Development
Development Economics
Financial Sector Development
Technology Development
World Development Indicators
Evaluation Methods
Aid And Development
Asian Development Bank
Comprehensive Development Framework
Development Cooperation
Development Management
Development Planning
Development Strategies
Development In East Asia
Development Planning
Development Research
Performance Evaluation
Evaluation Methods
Evaluation
Job Evaluation
Staff Development
Development assistance
ADB
Curriculum development
Development assistance
Development aid
Development indicators
Development potential
Development models
Project appraisal
Performance appraisal
Economic development
Economic indicators
Government programs
Economic growth
Economic policy
Industrial development
Industrial policy
Technology assessment
Economic evaluation
Economic forecast
Input output analysis
Rural planning
Aid coordination
Industrial projects
Infrastructure projects
Natural resources policy
Educational development
Development strategy
Development models
Economic development
Performance appraisal
Needs assessment
Input output analysis
ADB
Employment
Performance appraisal
Project failure
Project impact
Project appraisal
Career development
Vocational training
Communication in rural development
Communication in community development
Infrastructure
Central planning
Endowment of research
Partnership
Joint venture
Nation-building
Risk assessment
Economic development projects
Economic forecasting
Industrial research
Participatory monitoring and evaluation
Economic policy
Economic forecasting
Communication in rural development
Communication in community development
Economic development projects
Development banks
Economic forecasting
Environmental auditing
Cumulative effects assessment
Human rights and globalization
Participative management
Grievance procedures
Supervisors
Vocational guidance
Labor policy
Rural manpower policy
Career development
Applications for positions
Affirmative action programs
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