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1
D, Shiva. "Economic growth and impact of services sector in india." Journal of Management and Science 6, no. 3 (December 31, 2016): 211–18. http://dx.doi.org/10.26524/jms.2016.18.
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Service sector is the lifeline for the social economic growth of a country. It is today the largest and fastest growing sector globally contributing more to the global output and employing more people than any other sector. Services sectors have become more important in recent years as advances in technology have permitted new means of providing services across borders. The growth in output in the sector in recent times has mostly come from the rapid development of skill intensive services in the information technology and professional service segments, mostly oriented toward the external market. This study investigates to growth, contribution and development of services sector in Indian economy. Further this study discusses to economic policy and impact of services sector.
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Kucherenko, Svitlana, Liudmyla Levaieva, and Nataliia Pryputa. "Analysis of trends in services sector development in the economy of Ukraine." University Economic Bulletin, no. 49 (May 22, 2021): 96–107. http://dx.doi.org/10.31470/2306-546x-2021-49-96-107.
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The subject of research is the theoretical, methodological, and practical aspects of services sector development in the national economy. The purpose of the article is to identify the features and contradictions of services sector development in the economy of Ukraine. The methodological basis of the study is general scientific and special methods of scientific knowledge, conceptual terms of modern economics, and scientific works of domestic and foreign scientists on the functioning and development of the services sector. The methods of induction and deduction, unity of historical and logical, comparative analysis are used in the work - at revealing the basic tendencies and contradictions of services sector development, substantiation of the essence of service, its specific signs, and classification characteristics. Results of work. The tendencies of services sector development in the economy of Ukraine are determined. The intensive development of the Ukrainian services sector started only with the beginning of the market relations formation. In the economy of Ukraine, there is a strong tendency to exceed the total contribution of the services sector to national GDP against the contribution of industrial production and agriculture. Besides, the dynamics of the employment structure of Ukraine by economic activity types shows that the share of the economically active population working in the services sector is much higher than in primary and secondary sectors with a steady upward trend. The volume of capital investment in the services sector exceeds these indicators for both spheres of material production. There is a constant growth of intermediate consumption of services as necessary production resources. The main areas for attracting investment resources are capital-intensive industries, at the same time the level of investment activity in the areas of knowledge-intensive services is threateningly low. The expenditures on services consumption in the general structure of household expenditures are insignificant. The Ukrainian economic system is export-oriented in the sphere of services and has a positive foreign trade balance in services. Field of application of results. The conclusions and results obtained in the article should be used in the educational and scientific process of economic faculties of universities, in the activities of service enterprises as well. Conclusions. The industrial specialization of the national service sector, its focus on low- and medium-tech capital-intensive industries, low share of household expenditures in the service sector, the tendency to neglect the intellectual development of the individual, and insufficient attention to innovative economic development make it possible to determine the current state of and trends of services sector development as a quasi-post-industrial, where the absolute numerical indicators have already been achieved, and qualitative indicators of development are remaining at the industrial level.
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Kwiatkowska, Walentyna. "The Service Sector in the Economy in Poland and European Union Countries." Olsztyn Economic Journal 10, no. 3 (November 30, 2015): 191–207. http://dx.doi.org/10.31648/oej.3146.
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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.
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Arafah, Willy, and Ryan Corinus Dato Matheos. "Determining Factors of Potential Economy Sectors of Bantaeng Regency in South Sulawesi Province of Indonesia: An Analysis Using the Location Quotient Approach." International Journal of Business and Management 12, no. 7 (June 6, 2017): 183. http://dx.doi.org/10.5539/ijbm.v12n7p183.
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Bantaeng Regency, one of the regencys in South Sulawesi Province, has some potential economy sectors to be developed. In order to know those potential economy sectors, one of the economy analysis which can be used is the Location Quotient analysis. In this research, the analysis will use Static Location Quotient (SLQ) and Dynamic Location Quotient (DLQ). The SLQ method is used to determine the base sectors (leading sectors) in Bantaeng Regency at one period of time. While DLQ method is used to determine whether a sector that is superior over a period of time are leading sectors for the period of time that will come. The analysis showed that in the year 2013-2014 the Trade and Retail sector; Car and Motorcycles Repair sector; Real Estate sector; Government Administration sector; Defence and Compulsory Social Security; and Other Services Sector is the leading economy sector in Bantaeng Regency. And in the year 2014-2015, the Trade and Retail sector; Cars and Motorcycles Repair sector; Real Estate sector; Service Sector Health and Social Work; and Other Services Sector is the leading economy sector in Bantaeng Regency.
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Sudirman, Sudirman, and M. Alhudhori. "Analisis Sektor Unggulan dalam Meningkatkan Perekonomian dan Pembangunan Wilayah Provinsi Jambi." J-MAS (Jurnal Manajemen dan Sains) 3, no. 1 (April 26, 2018): 94. http://dx.doi.org/10.33087/jmas.v3i1.46.
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Based on pattern classification Typologi Klassen of the growth sectors of the economy in Jambi province makes the agricultural sector and the sector of mining and excavation are on the I quadrant i.e. as a sector that developed and developing fast, water procurement sector, trash, waste treatment and recycling, and education services sectors are at a quadrant II sectors advanced but that is depressed. After dianalis the pattern of growth sectors of the economy, may be known to the classification of economic sectors in the province of Jambi, for a deeper analysis of the sector required base with LQ method to find the base of the sector can be prioritized into the flagship sector. In accordance with the results of the analysis of the economic base by the method of LQ for the level of Jambi province are known to exist in four major sectors constituting the base sector of the economy. The fourth sector is agriculture, a sector of mining and excavation of the procurement sector, garbage, water, sewage treatment and recycling, and educational services. So, from both Typologi and Klassen LQ analysis it can be concluded that the economic sector in Jambi province which should be developed and can be prioritized into a flagship sector is agriculture, a sector of mining and excavation, the sector procurement of waste, water, sewage treatment and recycling, and education services sectors. Keywords: (1) GDP Jambi province; Indonesia'S GDP and (2) the rate of growth of GDP and contribution to Indonesia and Jambi province; (3) Data on the economic potential of Jambi province
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Khan, Raza Ali, Mohd Shahir Liew, and Zulkipli bin Ghazali. "Service and Construction Sector of Malaysia: Causality Link (1991-2013)." Applied Mechanics and Materials 567 (June 2014): 619–24. http://dx.doi.org/10.4028/www.scientific.net/amm.567.619.
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The number of research studies has been conducted over the importance of service and construction sector in an economy and confirmed that these two sectors are always being closely associated to the aggregate economy and play crucial role in the socio economic development of a country. The objective of this study is to examine the link between the construction and service sector of Malaysia during the last two decades by using time series econometric analysis. The Granger causality approach is used to obtain the objective of the study. The results of the study suggest that there is a uni-directional (one way) association between the service and construction sector in Malaysia i.e. construction sector to service sector. The construction sector plays a significant role to motivate the economic activities of the service sector in Malaysia and the service sector take 6 months (two quarters) to absorb the impact of a shock coming from the construction sector. The results of the study are important and useful for developing future policies for the construction and services sectors of Malaysia. The results are also important and informative for interested parties of the sectors.
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Asim, Hafiz, and Muhammad Akbar. "Sectoral growth linkages of agricultural sector: Implications for food security in Pakistan." Agricultural Economics (Zemědělská ekonomika) 65, No. 6 (June 18, 2019): 278–88. http://dx.doi.org/10.17221/314/2017-agricecon.
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Does the growth in non-agricultural sectors spill over to the agricultural sector of an economy? There is limited evidence available on the issue for the developing world, especially for Pakistan which has undergone large structural changes since its independence. This study examined the impact of sectoral growth linkages on agricultural output of Pakistan for the period of 1960–2016. We have estimated an econometric model which incorporates inter-sectoral linkages of Pakistan economy using a Vector Error Correction Model (VECM). Our analysis revealed that the economy of Pakistan has shifted from an agricultural dominant economy to services-based economy during the past six decades. Results of VECM show that the industrial sector has a negative impact on the performance of agricultural output whereas services sector is influencing the output of agriculture sector positively in the long run. Short run results show that industrial sector is affecting the performance of agricultural output positively whereas services sector is influencing the output of agriculture sector negatively. Negative impacts of industry in the long run and services in the short run imply that agricultural sector should be given its due share in public investment and the role of middle man should be minimised at the time of sale of agricultural production in the markets.<br />
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Geeta, Dr M., and Dr C. Naga Sivanand. "Service Sector - Role Played in Economic Development." Revista Gestão Inovação e Tecnologias 11, no. 4 (July 22, 2021): 2655–66. http://dx.doi.org/10.47059/revistageintec.v11i4.2307.
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The services sector has grown phenomenally over the past decades and accounts for more than 60 per cent of gross domestic product (GDP) in the developed economies. The most marked change in the structure of developed economies in the twentieth century, particularly in the later half, has been the transformation from an emphasis on the manufacture of physical goods to the production of intangible services. The work force distribution is also more for service sector. The present study is to identify the role played by service sector in the economic development of any country. India is no exception to this paradigm change. While a little over a decade ago the three main sectors of economic activity-agriculture, industry and services- had roughly equal shares in the GDP, the service sector has now left the other two far behind. According to the national income estimates for 2020, the GDP is 54.77% and 32.33 % share in total work force distribution. The study relates to the service sectors share in GDP and through which increase in Employment rate in service sector. The study also enlightens upon the importance of services in Banking sector, a major contributor in Services sector. Banking is considered as mirror of economy. The study is based on mainly on secondary data from the websites, international journals, and blogs. The study is descriptive and various descriptive statistical methods are followed for better analysis of the data.
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Kuznetsova, O. V. "Vulnerability of Regional Economies’ Structure in Crisis Conditions." Federalism, no. 2 (June 9, 2020): 20–38. http://dx.doi.org/10.21686/2073-1051-2020-2-20-38.
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The impact of coronavirus on the socio-economic development of Russian regions inevitably depends on the structure of their economy, which is analyzed in the article on the basis of official data on the employment structure. The contribution of different sectors of the economy (primary, secondary, and tertiary), the role of informal employment and the budget sector, and the share of employment in the most affected industries are evaluated. Not only short-term, but also long-term structural problems of the regional economy are highlighted. It is shown that the negative impact of coronavirus mainly on the service sector in the context of the Russian Federation subjects is evident in federal cities, in economically underdeveloped regions with an underdeveloped real sector of the economy, as well as regions that specialize in certain types of services (tourism, foreign trade, complex services). For economically underdeveloped regions, the impact of coronavirus is deepened by a high share of the informal sector (which limits the possibility of obtaining state support), but is softened by an increased share of employees who receive wages from the budget system. The reduced share of the service sector in agricultural regions means that they are less dependent on coronavirus, but it confirms the need to develop the service sector as a basis for improving the quality of life of the population. At the same time, almost everywhere there is a need to restructure the service sector: reducing the role of simple services (primarily trade), in favor of complex ones related to high technologies and innovations and to the social sphere, especially health.
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Węgrzyn, Grażyna. "The Service Sector of a Knowledge-based Economy – a Comparative Study." Oeconomia Copernicana 4, no. 1 (March 31, 2013): 53–64. http://dx.doi.org/10.12775/oec.2013.004.
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The study objective was identification of the service industries that determine the rate and lines of development of a knowledge-based economy. The analysis covered the EU member countries and the years of 2008-2012. This report consists of four sections. The first one provides the characteristics of a knowledgebased economy and describes the role of services sector in progressing towards this stage of development. The second section offers a classification of services that led to establishing the category of knowledge-based services. The industries classified as knowledge-based services contribute directly to the creation, processing and distribution of knowledge throughout an economy. The following part presents a division of the EU member economies into four groups, depending on their advancement towards the knowledge-based economy as defined by two indices: the Knowledge Economy Index (KEI) and the Knowledge Index (KI). The study concluded on empirical verification of the significance of knowledge-based services within individual European economies. In a knowledge-based economy, where knowledge is the key factor in gaining a competitive advantage, it is just the services related to knowledge acquisition, distribution and creation that drive the economic growth. The development level of service activities classified as knowledge-based services largely determines the economy’s performance in knowledge creation, distribution and use. This is so because these activities directly contribute to the economy’s competitive advantage based on knowledge.
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Canon, Syarwani. "Identifikasi Sektor Katalisator dalam Perekonomian Wilayah Provinsi Sulawesi Utara." Jurnal Ekonomi dan Pembangunan Indonesia 10, no. 2 (January 1, 2010): 129–42. http://dx.doi.org/10.21002/jepi.v10i2.116.
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Direct relation model has been known as an analytical model to measure the relationship between economic sectors. However, there has not been known an analysis to measure the catalyst sector. Generally, the analytical model of relations of economic activities is an aggregative model which neglects the function of catalyst sector. Possibly, this will ignore its influence, when sometimes it is important to know the acceleration this influence for planning purposes. This paper uses analytical model of catalyst sectors of nine sectors in North Sulawesi Province with 56 causality combinations in each of the catalyst sector. The result shows that nine important economy sectors in North Sulawesi Province are induced by three economy catalyst sectors. First, strong catalyst sector consists of transport and communication sector, manufacturing industry sector, and trade, hotel and restaurants sector. Second, medium catalyst sector; consists of agriculture sector, finance, real estate and business services sector, and electricity, gas and water supply sector. Third, weak catalyst sector: consists of construction sector, services sector, and mining and quarrying sector.
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Remi, Sutyastie Soemitro, Sihono Dwi Waluyo, and Bagdja Muljarijadi. "The Role of Tourism in The Development of Regional Economy: Case Study of The Special Capital Region of Jakarta Province." AFEBI Economic and Finance Review 2, no. 01 (August 7, 2017): 27. http://dx.doi.org/10.47312/aefr.v2i01.49.
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<p>This study aims to assess the economic role of tourism to the economy of the Province of the Special Capital Region (DKI) of Jakarta. The research model used is the input-output model.</p><p><br />The results showed that the tourism economy of Jakarta contributed significantly to the economy of Jakarta. The restaurant sector in the core sectors of tourism (hotel, restaurant, travel agency services and entertainment services, transportation) have the highest backward linkages and forward linkages as well as power distribution and a high level of sensitivity. In the tourist expenditure structure, the expenditure for sectors that are directly related to tourism highway transportation, hotel and restaurant occupy the highest role.</p><p><br />Sectors that have an impact on the resulting output of the largest tourist expenditure is directly related to the sectors of tourism, namely the hotel sector, followed by the air transport sector, banks, insurance and business services, restaurant and travel agency services. While that get impacted gross value added is the largest hotel, air transport; banks, insurance and business services; restaurant and travel agency services. Which have an impact on wages / salaries is the largest hotel sector, air transport, restaurant and travel agency services. The impact of the tax, which obtained the largest sector was the hotel sector, followed by restaurants, trade and travel agency services. The resulting impact of labor is the hotel sector which obtained the largest share, followed by the restaurant sector, air transport and travel agency services.</p><p><br />The results also show the potential for increased tourism to the economic value of Jakarta which can be achieved by: (1) prepare tourism policy related to trade, the bank sector, insurance and business services sector, the food industry, beverages, tobacco and cigarettes; the electricity sector / gas / water, and the construction sector, and (2) developing the core sectors of tourism with hotel sector priorities, the air transport sector, the sector of the restaurant, travel agency services sector, and the road transport sector.</p><p><br />JEL Classification: H71, L80, L83<br />Keywords: Input-Output, Labor, Linkages, Multipliers, Taxes, Wages/Salaries</p>
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Savlov, Mikhail E. "Service sector (services) key features of Russia and Azerbaijan." RUDN Journal of Economics 27, no. 1 (December 15, 2019): 18–34. http://dx.doi.org/10.22363/2313-2329-2019-27-1-18-34.
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The presented article gives a general description of the sphere of non-material production of Russia and Azerbaijan, which is based on the key macroeconomic indicators. The internal heterogeneous structure of the sector is also illustrated, structural features of the service sector and its individual segments in both countries are revealed. The objectivity and adequacy of the sphere characteristics of non-material production of Russia and Azerbaijan is based on intercountry comparisons. Macroeconomic indicators of main developed countries (the USA, Japan, Germany, France, the United Kingdom), the BRICS countries and the former Soviet republics serve as a background for the illustration of the service sectors of Russia and Azerbaijan. It is too early to refer Russia and Azerbaijan to post-industrial countries, even considering only one economic parameter - the structure of the economy. Considering the gross value added (GVA) of the service sector per capita in current prices and the GVA of the service sector per capita in constant 2010 prices, Russia and Azerbaijan lag behind the leading economies of the world, some BRICS countries and even some former republics of USSR. In this regard, the study of the sphere of intangible production is not so popular in Russia and Azerbaijan, as the economic background for the actualization of these studies has not been yet created.
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Amalia, Fitri. "Determination of the Regional Economy Leading Sectors in Indonesia." Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan 15, no. 1 (June 1, 2014): 19. http://dx.doi.org/10.23917/jep.v15i1.117.
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Economic growth and its process are the main condition for the sustainability of the regional economic development. Because of the continuing population growth means economic needs also increase so that additional revenue required each year. This can be obtained by the increase in aggregate output (goods and services) or the Gross Regional Domestic Product (GRDP) each year. To carry out development with limited resources as a consequence should be focused to develop the sectors that provide great multiplier effect on other sectors or the whole economy. This research is focused to determine the regional leading sector of Bone Bolango as the information and considerations in planning economic development. Location Quotient (LQ) and Shift Share are tools of analysis. Location Quotient analysis indicates agriculture, manufacture, finance, leasing and corporate services are base sectors in the Bone Bolango district. Shift Share analysis indicates that the competitive sectors are finance, leasing and corporate services. The results of the analysis based on three analysis tools indicate that the leading sector with the criteria developed, base, and competitive is finance and services sector.
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V, Velanganni. "A comparative study on customers perception on service quality in cooperative and nationalized banking sector with reference to coimbatore district in tamil nadu." Journal of Management and Science 1, no. 3 (June 30, 2014): 170–90. http://dx.doi.org/10.26524/jms.2014.17.
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Financial system is the most important institutional and functional vehicle for the economic transformation in the country. Banking sector is reckoned as the hub and barometer of the financial system. As a pillar of the economy, this sector plays a predominant role in the economic development of the country. The banking sector is considered as growth facilitator. In recent years, the banking industry around the world has been undergoing a rapid transformation.As India is moving towards a service economy marketers require knowing more about marketing service product. Service has increasingly assumed a vital position in the Indian Economy. There is a prospective market for services and increasing supremacy of services in economies contribution of service sector have drawn growing attention to the issues of the service sector.Quality has been recognized as a strategic tool for attaining efficiency and improved business performance. This paper includes the review of literature on service quality and behaviour intension and discussed in relation to each of the research question. The paper concludes with a summary and description of implication of the findings. The research has examined the customer service in banking sector in this paper under three major headings, viz.,pre sale service , product features, office services, Behavioural Response, post sale services and with regard to satisfaction on service quality on people, physical evidence and processes.
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Mahfooz, Maryam, Zafar Mahmood, and Shabana Noureen. "Assessing the Impact of Liberalization of Trade Related Services on Services Growth in Pakistan." NUST Journal of Social Sciences and Humanities 4, no. 2 (January 22, 2021): 184–221. http://dx.doi.org/10.51732/njssh.v4i2.35.
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The services sector has offered sound support to Pakistan’s economic development. It has emerged as one of the fastest growing and highest contributing sectors of the economy. Through the use of Fully Modified OLS Estimation Technique, this study has provided evidence that liberalization of the two key sub-sectors (telecom and banking) of services of Pakistan has played an important role in development of these sectors. The task is achieved by preparing liberalization index for the two sectors. The econometric evidence reveals that results are robust and in accordance with the theory. Relationships are found to be relatively strong for the telecom sector and less strong for the financial sector. The research also shed light on the constraints that the country has to face in the liberalization process of these sectors. Rapid liberalization of the telecom sector has attracted substantial amount of investment, both local and foreign, and has created saturation in the industry, which has hampered further investment opportunities. This resulted in substantial decline of investment in this sector. But due to fast changing technologies, there is a possibility of it picking up again. By the increased liberalization of the telecom and banking services, the GDP of these sectors also increased. Hence, the full scale liberalization in the telecom sector evidently plays important role in growing the share of the services to economy’s GDP. Other economic indicators have also played an important role in defining the development of these sectors. Finally, a set of policy measures has been suggested to make the sector more effective and useful in accelerating the growth process.
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Yasmin, Bushra, and Wajeeha Qamar. "The Role of Power Generation and Industrial Consumption Uncertainty in De-industrialising Pakistan." Pakistan Development Review 52, no. 4I (December 1, 2013): 517–36. http://dx.doi.org/10.30541/v52i4ipp.517-536.
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The term deindustrialisation refers to the process of socio-economic changes taking place due to reduction in the industrial capacity and/or the loss of industrial potential of an economy. This also connotes the secular decline in the share of industrial sector employment as observed in developed countries since 1970s. The secular shift from manufacturing to services sector reflects the impact of discrepancy in productivity growth between the said sectors. A faster rise in productivity in manufacturing sector than in services switches the employment from manufacturing to the services sector, as suggested by Rowthorn and Ramaswamy (1997). Generally, deindustrialisation is considered as the natural outcome of economic development because it involves the transformation from primitive agriculture-based economy to the modern industrial-based. After the establishment of manufacturing sector, the long-run economic growth stimulates an innovation-based economy implying the services sector’s growth [Galor (2005)]. However, the process requires a gradual shift accompanied by allied institutional and infrastructural reforms and the process of deindustrialisation occurs at the later stage of development.
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Zhang, Wei-Bin. "Economic Growth and Inequality with Tourism in an Integrated Walrasian-General Equilibrium and Neoclassical-Growth Theory." Zagreb International Review of Economics and Business 21, no. 1 (May 1, 2018): 17–36. http://dx.doi.org/10.2478/zireb-2018-0002.
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Abstract This paper studies dynamic interdependence between economic growth, tourism, and inequalities in income and wealth in a small open economy. We build the dynamic model in an integrated Walrasian-general equilibrium and neoclassical-growth theory for a small open economy with multiple sectors and heterogeneous households in a perfectly competitive economy. The economy consists of one service sector which supplies non-traded services and one industrial sector which produces traded goods. We treat wealth accumulation and land distribution between housing and supply of services as endogenous variables. We show that the motion of the economy with J types of households is given by J nonlinear differential equations. We simulate the motion of the system with three groups of households. We also conduct comparative dynamic analysis with regards to the rate of interest, the price elasticity of tourism, the global economic condition, and the rich class’ human capital, and the rich class’ propensity to consume housing.
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Gazhur, A. A., and I. N. Lukiyanchuk. "Trends of development of the sphere of services in Russia." Proceedings of the Voronezh State University of Engineering Technologies 80, no. 3 (December 17, 2018): 444–50. http://dx.doi.org/10.20914/2310-1202-2018-3-444-450.
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The article deals with the dynamics of development of the service sector in Russia in the conditions when the prolonged global economic crisis poses an urgent problem of determining the mechanisms of its overcoming. The economic importance of the service sector objectively increases in the phase of the crisis, as it allows to significantly expand production, makes it possible to equalize the standard of living. The article shows the applicability of the theory of sectors in modern conditions with a shift towards the dominance of the service sector. The development of the Quaternary sector was also noted. It includes information technology, education, research, banking and financial services. The growth of this sector is inherent in a highly developed country, because it is associated with highly qualified personnel. The connection between the development of services with the income of the population and the degree of their differentiation is traced. The growth of consumption, high profitability, fast payback and investment attractiveness of public catering as one of the components of the service sector make it a significant tool for expanding the market of services in the service sector. It is shown that the restructuring of the service sector is a systemic transformation, which means an increase in the share of high-quality products with high added value, carried out on the basis of modern resource-saving and environmentally friendly technologies and has a demand in the domestic and global markets. In order not to lose its position among the leaders of the world economy, Russia today must develop the tertiary and Quaternary sectors of the economy at an accelerated pace. Indicates positive trends, evidence of overcoming. the consequences of the crisis in Russia. For example, there is an increase in the business activity index (PMI), the market of street food and fast food is recovering and begins to grow. Appear innovative trends in shaping the future structure of public catering: the food delivery drones, paying bills in restaurants bitcoin, touchscreen kiosks, mobile apps for restaurant retail and etc. To consolidate the positive trends and required state regulation of development of sphere of services.
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Kida, Nakije Miftar. "The Impact of FDI on the Structure of the Kosovo Economy." European Journal of Economics and Business Studies 8, no. 1 (May 19, 2017): 80. http://dx.doi.org/10.26417/ejes.v8i1.p80-86.
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This study has addressed the impact of domestic investment and FDI net flow from the services sector on economic growth for a period of 10 years. The data are taken from CBK, in annual periods, using the technique of Pearson correlation and multiple OLS regression, conducted with the statistical program SPSS 21.0. FDI attraction by the services sector is found to be greater than by the other sectors. This becomes more evident by findings from econometric analysis, where the services sector has a strong impact on economic growth in the country. Meanwhile, the "crowding out" effect has happened, indicating that local investment (local firms) has a modest level of technical and managerial changes, since increasing effect is estimated to be negative. According to this study, the economy of Kosovo has grown with an average rate of 4% for 16 years and the biggest contributor is the services sector with 56% of GDP, which includes financial services, insurance companies, construction, telecommunications, real estate, trade etc. This pace still continues to be a model of economic growth in Kosovo and continues to be supported by certain economic policies, while other sectors lag behind. This result clearly shows that, although the level of FDI inflows in Kosovo is low, the sector specification shows positive trend of incoming flows in the services sector. This is due to dominance in market of the financial sector and that of insurance with foreign capital as the only financing source of the local businesses.
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Shah, Priyanka. "SERVICE SECTOR: MYRIAD FACADES." International Journal of Advanced Research 8, no. 9 (September 30, 2020): 806–10. http://dx.doi.org/10.21474/ijar01/11725.
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In this paper, we discuss the Services Sector of the economy, can be broadly grouped into three broad segments namely, the public sector, private corporate sector and the household sector. The first two are generally referred to as the organized part of the economy, as the accounts of all the business transactions of these sectors are recorded in specified documents and are made available as public documents at regular intervals. The remaining part of the economy, that is the household or unorganized sector, constitutes all unincorporated enterprises including all kinds of proprietorship and partnerships run by the individuals.
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Gupta, Shradha, and Monica Sharma. "Empirical analysis of existing lean service frameworks in a developing economy." International Journal of Lean Six Sigma 9, no. 4 (October 8, 2018): 482–505. http://dx.doi.org/10.1108/ijlss-03-2016-0013.
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Purpose The purpose of this paper is to do the reliability and validity analysis of existing frameworks in lean services through questionnaire survey. Furthermore, it explores the applicability of these frameworks in Indian service sector. Design/methodology/approach A questionnaire survey was floated to 423 lean/quality practitioners in four service sectors in India. The questionnaire has two parts where first part was for collecting the demographic information of respondents and the second part assesses the importance of initiatives identified by various scholars/consultants under different frameworks of lean services. The assessment was done on five-point Likert scale. Findings The results indicate that majority of services have adopted lean/process improvement methodology for enhancing operational excellence/performance and customer satisfaction. The study finds that all frameworks display a high level of reliability. Only nine out of eighteen lean service frameworks have displayed unidimensionality with respect to the construct, Lean. No generalised framework for lean services is available. Some essential elements such as servicescapes and change management are not present in any framework. Most of the frameworks are sector specific; thus, there is requirement for a suitable lean service framework. Research limitations/implications The data were collected only from four sectors in Indian service industry. Future researchers may test these frameworks for other service sectors and country. Originality/value This is the first paper empirically validating the lean service frameworks. The findings of the paper will be of value to lean service practitioners. It helps the quality professionals to recognise a suitable lean service framework to implement in their respective organisation.
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Thekedam, Joseph Sebastian. "New Generation Banks' Promotion Strategies for Banking Services." Ushus - Journal of Business Management 9, no. 2 (June 11, 2010): 59–72. http://dx.doi.org/10.12725/ujbm.17.5.
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One of the sectors within the service industry that has been influenced the most by the changes in the globalization process, and at the same time has been highly internationalized, is the banking sector. With the growing importance of the financial sector, pressures are escalating for more effective marketing management of the financial services. Despite the recent recessions, the financial services sector is continuing to grow in terms of turnover and profits and thus, has a supreme impact on the other spheres of the economy.
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Tarkhanovа, N., and V. Romanov. "Digitalization of the service economy: advantages and threats." Transbaikal State University Journal 26, no. 9 (2020): 111–20. http://dx.doi.org/10.21209/2227-9245-2020-26-9-111-120.
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Recently, the number of businesses using digital technologies has increased. The service sector is no exception. The article is devoted to the use of digital technologies in the service sector. The authors reviewed the advantages and threats of digitalization. As a result of the analysis, the concept of “digital economy” and “service sector” is clarified, and the need for digitalization is justified. The advantages obtained through the use of innovative technologies, both for the industry and for individual enterprises, are indicated. In relation to the industry, this will include: the use of new business models and forms of doing business; increasing the availability and promotion of services on the market up to the world; the emergence of new types of services; the use of control systems that replace humans. As a result of the analysis, the concept of “digital economy” and “service sector” has been clarified, and the need for digitalization is justified. For a single service enterprise, the benefits of implementing digital technologies can be expressed in: reaching the optimal consumer segment; determining the customer’s need for certain services; designing more flexible services; improving the quality of service by improving control of business processes; minimizing the time for services to enter the market; reducing costs by accelerating business processes; minimizing costs; increasing the availability of services through the dissemination of information in social networks; eliminating intermediaries in the delivery of services to the consumer and reducing costs, reducing the number of personnel performing routine operations. Digitalization provides not only the benefits but also pose a threat. These include various types of fraudulent schemes, an underdeveloped regulatory framework, a reduction in the number of employees, and changes in the labor market. As a result, there are increasing requirements for planning at the strategic, tactical and operational levels. Otherwise, the benefits of implementing digital technologies may be lost
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Dominiak, Joanna. "Specificity of innovation in the service sector: the example of Poland." Studies of the Industrial Geography Commission of the Polish Geographical Society 35, no. 2 (June 29, 2021): 27–37. http://dx.doi.org/10.24917/20801653.352.2.
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The discussion that has taken place in recent years on innovativeness in services is connected, on one side, with their growing role in the economy. On the other, it results from an increase in innovation as the main socio-economic development factor of countries and regions. Innovation is seen as an essential link in developing a strong economy, and its shortcomings may lead to an economic crisis. Innovations have become a new element playing a crucial role in crystallising a new economic model, particularly in developed countries. The growing role of services in the modern economy has led to an increased interest in service activities and service innovations. This paper aims to present the specificity of innovations in the service sector compared to the manufacturing industry based on Poland’s example. In the empirical analysis, data from the Central Statistical Office in Poland and EUROSTAT was used. An analysis of innovativeness in the service sector, based on traditional innovation measurement indicators, concludes that it is much lower than in the manufacturing industry. In the entire analysed period, the percentage of innovative enterprises in the service sector was lower than in the manufacturing industry by several percentage points. According to service sector type, organisation and marketing are more critical in terms of innovation. In their cases, the differences between manufacturing and services are minimal; however, it is more significant in products and processes.
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Wasil, Mohammad, and Mohammad Wahed. "MAPPING OF POTENTIAL AND ECONOMIC GROWTH PATTERNS IN REDUCING THE INEQUALITY OF THE MOJOKERTO DISTRICT REGION." Jurnal Dinamika Ekonomi Pembangunan 1, no. 2 (July 28, 2018): 116–23. http://dx.doi.org/10.33005/jdep.v1i2.77.
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The purpose of this study is to analyze what economic sectors are potential to be used as development priorities and patterns of economic growth in the economy of Mojokerto Regency. The method used is: Location Quotient, Shift Share, and Williamson Index. From the analysis of the location quotient that falls into the category of the base sector are Agriculture, Clean Water & Water Sector, Building Sector, Transportation & Communication Sector, Financial Sector, Corporate Leasing & Services, and Services Sector. And the results of the shift share analysis show that the sectors with the fastest growth are the agricultural sector, mining & quarrying sector, manufacturing industry sector, and the trade sector, and the services sector. While the results from Williamson study show that the sub-districts that have the highest level of inequality are in Mojosari sub-district, Pungging subdistrict, and Kemlagi sub-district
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Serohina, T. V. "Modern world trends in the service sphere and their influence on the public services system." Public administration aspects 6, no. 8 (September 10, 2018): 42–48. http://dx.doi.org/10.15421/151845.
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The article is devoted to the study of the development of the service sector among other sectors of the economy. The social way of the vast majority of human history has not relied on the service sector, traditionally the leading role was played by sectors related to the extraction of natural raw materials, the production of products of agriculture and forestry, fishing, etc. According to the so-called three-sectoral model of the economy, these industries were the primary sector of the economy. However, during the transition of society to the post-industrial period, there was a sharp change in the correlation of the share of services in comparison with the share that accounted for the share of production. It was found out that the basis of these processes lay first of all changes in the system of social needs. It is disclosed that for today the proper level of the process of commodity production can be provided only with the involvement of certain types of services. This process is called externalization of services. This allows the production facilities to optimize their activities, in particular, by attracting legal, accounting, logistics services, etc. It has been established that the efficiency of a modern economy depends to a large extent on the integration of the sphere of services with the sphere of material production. It is revealed that the development of the infrastructure of the newest communication technologies today serves as a guarantee of success in realization of new opportunities in the market of services. In particular, in today’s conditions there is a rapid development of those services, for which the personal contact between the service provider and the recipient is not obligatory, since the process can take place in a remote mode. The influence of global changes on the subjects of natural monopolies is evaluated, as the development of technologies creates the preconditions for attracting to the markets alternative providers of services.Particular attention is paid to transnational companies that have an impact on the globalization of the services sector in an effort to eliminate barriers to scale up their activities. Trends in the service sector in general will inevitably affect the functioning of the public service delivery system.
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Kwolek-Folland, Angel. "Gender, the Service Sector, and U.S. Business History." Business History Review 81, no. 3 (2007): 429–50. http://dx.doi.org/10.1017/s0007680500036667.
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Despite the importance of service-sector activities, both to women and to the U.S. economy, services have not figured prominently in business history. A consideration of the usefulness of this subject to business history is followed by a case study of household services in the nineteenth century, showing their social and economic value and the ways in which they exemplified the integral relations between women's work and business.
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Suparmono. "Mapping of Sectoral Advantages as a Driver of the Regional Economy." Asia Proceedings of Social Sciences 7, no. 1 (January 31, 2021): 34–37. http://dx.doi.org/10.31580/apss.v7i1.1753.
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The purpose of this research is to analyze the sectoral difference between provinces in Indonesia. The analytical tool used in this study is the position quotient (LQ) analysis. The results indicate that the LQ value in agriculture, forestry and fisheries has an advantage in almost all provinces, as shown by the LQ value> 1. West Sulawesi is the province which has the highest LQ value for the agricultural sector, namely 3.08. The agriculture, forestry and fishery sectors of West Sulawesi have production that is far from being accomplished. The national capital has the lowest competitiveness in the farming and mining industries. Nevertheless, DKI Jakarta has competition in the financial and insurance services market, the real estate sector, the corporate services industry and other service sectors. The delivery of sectors that have advantages in and in the region has also been distinguished.
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Varkey, Rittu Susan, and Prasant Kumar Panda. "Inter-sectoral Growth Linkages and Their Implications for Agriculture: Evidence from Indian States." Millennial Asia 9, no. 3 (December 2018): 262–77. http://dx.doi.org/10.1177/0976399618805628.
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This article empirically examines the existence of inter-sectoral growth linkages among the key sectors of the Indian economy at the state level. The examination evaluates the impact of the non-agricultural sectors of the states and that of the rest of the states on agricultural output of a particular state. An annual panel data set for 15 general category states have been taken for the period 1980–1981 to 2012–2013. Panel cointegration and fully modified ordinary least square methods have been used to study the existence of a long-run equilibrium relationship between sectors. The results suggest that there is a long-run equilibrium relationship among three sectors of the economy in the Indian states. The evaluation indicates that the industrial sector contributes positively in complementing the growth of agriculture, but the service sector advancement affects agricultural growth negatively. However, services having some direct reference to agriculture such as transport, storage and communication (TSC), trade, hotel and restaurant (THR) and banking and insurance (BI) have positive linkage with agriculture. The state specific econometric evaluation of the agricultural output varies relatively across different states, for example, in Kerala, the impact of rest of the industries and services leaves a positive significance; whereas, the study foresees the negative impact of industry and services in the states such as Bihar, Madhya Pradesh, Orissa and Rajasthan. In order to neutralize the negative linkages of service sector on agriculture, policies for promoting pro-agricultural services such as crop and agricultural insurance, agricultural loans, facilities for agricultural warehouse, marketing services, weather communication, transport services and provision of technical support to farm activities are important. Such initiatives can help agricultural sector grow along in the simultaneous development of sectors propelling growth of the economy at a faster rate.
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Azis, Azizah. "Pengelolaan Sektor-Sektor Publik Ekonomi dalam Kompilasi Hukum Ekonomi Syariah." Ekspose: Jurnal Penelitian Hukum dan Pendidikan 17, no. 2 (April 14, 2019): 639–52. http://dx.doi.org/10.30863/ekspose.v17i2.120.
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This paper is intended to add scientific insight into the management of the Islamic economic sector, especially in managing the public sectors of the economy. The problem raised in this paper is the position of the public sectors of the economy in meeting the basic needs of the community and managing public assets or state assets as part of the public sector of the economy in increasing state revenues according to the Compilation of Sharia Economic Law. The economic sector-public sector should be understood more than just an idea, given the vastness and breadth of this section managed by individuals or partners who ignore the interests and benefits of the people. As it is understood together, the public economic sectors basically provide and guarantee the availability of an infrastructure to improve the fulfillment of the economic needs of the community, in addition to being a sector that produces goods and services for defense education, and security as well as everything related to the public sector economy. Thus, this paper can present implications in accordance with the aims and objectives.
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Aleksandrov, Igor N., Aleksey E. Parshukov, and Marina Yu Fedorova. "Service industry to provide employment in rural Russia and provide sustainability – Republic of Karelia case study." E3S Web of Conferences 284 (2021): 07003. http://dx.doi.org/10.1051/e3sconf/202128407003.
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The objective of the paper is to analyses the development of the service industry in Russian Federation to understand whether the country crossed the threshold of the postindustrial economy. We see that the development of service industry in Russia not stable and shows decline. At the same time, service industry gives new options to rural people and rural territory to broaden economic diversity and make it less damaged by mining activities. The service sector provides new opportunities for rural people in search of a job. The authors revise the average month wages in different economic sectors in the Republic of Karelia. The first objective is to find out the sectors with the highest wages. But the second and the most important objective was to find average wages in services sectors and weather they can attract people to village. Authors revise main problem preventing the development of service sector, notably, info communicational services and proposes some solutions.
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Broniewicz, Elżbieta, and Wiesława Domańska. "Environmental goods and services sector accounts." Wiadomości Statystyczne. The Polish Statistician 61, no. 4 (April 28, 2016): 17–30. http://dx.doi.org/10.5604/01.3001.0014.0968.
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The aim of this paper is to present the results of the pilot project on the environmental goods and services sector accounts (EGSS). It was conducted in Poland in 2015. This account is compatible with the ESA standards and includes the production activities of a national economy that generate environmental products that have been produced for the purpose of environmental protection and resource management. Data are collected according to classification of economic activities, classes of the classification of environmental protection activities and the classification of resource management activities.
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Betin, O. I., A. S. Truba, and V. P. Cherdantsev. "Services management in the infrastructure of agrarian sector of economy." Economy of agricultural and processing enterprises, no. 2 (2021): 50–54. http://dx.doi.org/10.31442/0235-2494-2021-0-2-50-54.
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The paper deals with the problems of scientific support for the formation and implementation of the program for sustainable development of rural areas, including the service sector. The role of the service sector and its impact on the standard of living of people in rural settlements is defined. The necessity of developing the socio-economic policy of the village is justified, taking into account the main tasks envisaged by the state’s agricultural policy. It is proposed to provide conditions for the development of rural areas, the development of agricultural production and services, which can make it possible to ensure food security in the country and improve the quality of life of people in rural settlements. It is important to take into account the diverse needs of people when providing them with goods and services. Improving the development of social infrastructure can meet the needs.
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Subair, Kolawole, Sheriffdeen Talla, and Russell Olukayode Christopher Somoye. "Dynamics of Exchange Rate and the Performance of Service Industry: The Nigerian Experience." Jinnah Business Review 7, no. 1 (January 1, 2019): 1–10. http://dx.doi.org/10.53369/tdgg1803.
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The re-basing of the Nigerian economic data since 2013 has shown the growing relevance of the service sector to the economic development of Nigeria. The need to investigate the nexus between the service sector and macroeconomic variables become imperative in view of inadequate research attention in the past and the present desirable concern for policy shifts in favor of promoting activities in the sector. It is in this context that our paper considered the effects of exchange rate behavior on the performance of the service industry in Nigeria. More so that it is becoming increasingly clear that the openness of the Nigerian economy to the outside world and the seeming dollarization of earnings from economic activities, even with high local content, have varied impacts on economic behavior in many sectors of the economy. A comprehensive study was carried out to determine the relationship between the dynamics of exchange rate and the service industry activities. The data used include services, exchange rates, money supply, domestic credit, interest rate and inflation covering the period of 1981- 2015. Using the ARDL, a 10% point increase in exchange rate volatility and domestic credit increases service output growth (SER) by 0.68% and 5.15% respectively. The paper thus suggest that there must be reforms in government polices to remove barriers to entry by private investors into certain services in order to prevent market distortions and reduce cost of capital so as to enhance an integrated services-manufacturing industrial growth.
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Okorokov, Roman, Anna Timofeeva, Evgeniya Filyanina, and Mohamed Lamine Benchabane. "Institutional approach to classification of sustainable digital technologies in service logistics." E3S Web of Conferences 258 (2021): 02018. http://dx.doi.org/10.1051/e3sconf/202125802018.
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Industrial revolution is the trigger of the growing demand from households for consumer services, and from the other institutional units for services improving the quality of production processes. The quality of services is the factor of the competitiveness of objects at different levels of the country’s economy. In turn, logistics mediates all the processes of building a service as an intangible product. The nowadays trend of digitalization of all economic spheres is particularly relevant for logistics of the service sector. The article shows the direct and cyclical inverse role of the service sector in the modern economy in terms of its impact on the competitiveness of objects of different levels. The classification of services relevant to the research goals is given. Features of factors of competitiveness of non-material production are revealed. The role of logistics forming the competitiveness of enterprises in the non-material sphere is shown. Criteria for the classification of digital technologies of industry 4.0 in logistics of the service sector are proposed. Digital technologies involved in the sector of consumer and non-consumer services of material impact on property are presented and justified.
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Sapanli, Kastana, Tridoyo Kusumastanto, Sugeng Budiharsono, and Agus Sadelie. "Analisis Struktur Ekonomi Kelautan Indonesia." JURNAL MINA SAINS 4, no. 2 (January 11, 2019): 91. http://dx.doi.org/10.30997/jms.v4i2.1520.
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Marine economy is an economic activity carried out in the sea and land areas whose activities are still related to marine resources. The marine sector is defined as seven sectors, namely: fisheries, marine tourism, mining, marine industry, sea transportation (marine transportation), marine building, marine services. This study used descriptive and impact analysis in the national Input-Output Table in 2010. The total output of the marine sector accounted for 27.39% of total national output. The GDP value in the marine sector is able to contribute 30.32% of the total national GDP. From the results of calculations regarding the analysis of the multiplier numbers by output, the formation of new output in the economy was 1.4087 units. Analysis of multiplier numbers by job opportunities causes an increase in employment opportunities by an average of 0.1451 units. The majority of the sectors of maritime tourism show high distribution power. The largest sub-sector with a sensitivity index value is the trade service sub-sector, which is 1.4608. Key words: descriptive analysis, impact analysis, marine economy, I-O table
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Wenda, Epra ,., O. Esry H. Laoh, and Melissa L. G. Tarore. "PERANAN SEKTOR UNGGULAN TERHADAP PEREKONOMIAN DI KABUPATEN JAYAWIJAYA." AGRI-SOSIOEKONOMI 14, no. 1 (April 23, 2018): 263. http://dx.doi.org/10.35791/agrsosek.14.1.2018.19295.
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This study aims to determine what sectors are the leading sectors and the role of superior sector to the economy within the last 5 years in Jayawijaya regency. This research is conducted for three months starting from June 2017 until August 2017 in Jayawijaya Regency. The data used in this study is secondary data obtained from the Central Bureau of Statistics (BPS) Jayawijaya district. The data is in though using descriptive analysis research method. The research shows that the sectors that are the leading sectors in Jayawijaya Regency are agriculture, forestry, fishery, processing industry sector, electricity, gas and water supply sector, construction sector, trade, hotel and restaurant sector, transportation and communications sector, and the services sector. The sectors of services, transport and communications, and the agricultural sector are the most contributing sectors in the economy compared to other leading sectors.
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Olegovna Apsalyamova, Saida, Bella Olegovna Khashir, Oleg Zakireevich Khuazhev, Yuri Kazbekovich Bgane, and Murat Baizetovich Tkhagapaso. "'Green Economy' Ecosystems in the Forest Sector Services." Biosciences, Biotechnology Research Asia 12, Special-Edn2 (September 25, 2015): 643–49. http://dx.doi.org/10.13005/bbra/2244.
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BARDASOVA, E. V., and L. G. KIRILLOVA. "SERVICES SECTOR DEVELOPMENT IN THE DIGITAL ECONOMY CONDITIONS." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 1, no. 7 (2021): 47–50. http://dx.doi.org/10.36871/ek.up.p.r.2021.07.01.006.
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The article is devoted to the consideration of the features of the digital economy, which provide huge opportunities for the development of business and services. Information and communication technologies allow you to bring the manufacturer to the end user, reduce costs, and develop new services on digital platforms. The conclusion is made: to get development opportunities from the digital environment, it is necessary to master the relevant competencies.
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Yoon, Sang-Chul. "Servicization with skill premium in the digital economy." Journal of Korea Trade 22, no. 1 (March 5, 2018): 17–35. http://dx.doi.org/10.1108/jkt-10-2017-0094.
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Purpose The purpose of this paper is to examine an endogenous growth model, as a component of a broader study of servicization with skill premium and its policy implications in the evolving digital economy. Design/methodology/approach This paper develops a two-sector endogenous growth model which allows for the observed characteristics of digitally empowered structural changes. Specifically, the driving force of economic growth is the expanding variety of intermediate services as a consequence of innovation in services. The introduction of new intermediate services specifically contributes to total factor productivity in the production of service sector, and thus an uneven growth path with skill premium toward a service economy generally exists. Findings The principal finding of this paper is that the digitally empowered expanding variety of intermediate services due to innovation contributes significantly to total factor productivity in the production of service sector, and thus a servicization with skill premium generally exists along a steady-state path. In addition, this paper derives an optimal innovation policy to rule out the market failures due to innovation externality and market power in monopolistic competition conditions, and shows the Rybczynski effects of exogenous endowment changes in the evolving digital economy. Originality/value The principal contribution of this paper is to determine how unbalanced endogenous growth along a steady-state path is linked with a service economy with skill premium in the evolving digital economy. In addition to this analysis, this paper provides policy implications – namely, that a positive but finite innovation subsidy can achieve the social optimum in the digital economy, and that an exogenous increase in high-skilled labor can speed up a digitally empowered economic growth.
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Ajmair, Muhammad, MuhammadAkram Gilal, and Khadim Hussain. "Determinants of Services Sector Growth in Pakistan." European Scientific Journal, ESJ 12, no. 34 (December 31, 2016): 297. http://dx.doi.org/10.19044/esj.2016.v12n34p297.
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Services sector is one of the important sectors of the economy. It contributes more than half of the GDP and has substantial share in country’s exports and employment. In this study we evaluated the factors affecting services sector output growth using annual data from 1975 to 2014 and ARDL method of estimation. Pakistan’s break up in two wings in December, 1971 and availability of data on most of the variables after 1975 determined the choice of sample period. Results show foreign trade, government expenditures, market size and population growth are the relevant determinants of services sector output growth in long run. In short run, services sector growth is affected by foreign trade and personal remittances. Diagnostic tests show absence of serial correlation and parameter stability. Based on estimated results, it is recommended that relevant authorities should implement policies that increase services sector output growth if they intend to augment overall economic growth of the country.
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Melnyk, Maryana, and Ivan Zalutskyy. "Modern aspects of law-economic regulations of service classification and identification for unshadowing the economy of Ukraine." Regional Economy, no. 2(96) (2020): 112–30. http://dx.doi.org/10.36818/1562-0905-2020-2-10.
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The article deals with the modern aspects of “shadowing” economy as socio-economic fact. The definition of “shadowing economy” is revealed not to be regulated by the legislative acts of Ukraine. Retrospective analysis of the legal regulation of the term “service” proves a diversity of modern interpretation of this category in the legal documents of Ukraine. Currently, the essence of the term “commerce service” is not regulated by any document. The results of the official integrated estimation of the size of the shadow economy do not show its real state and development tendencies by the types of economic activity differentiated according to the specific areas and types of services. The absence of a clear definition of the object of procurement, primarily the service sector, which leads to manipulation and inefficient use of funds is established to be one of the main factors determining the corruption risks in the system of public and sub-procurement. Nowadays, the State Classifier of Products and Services DK 016:2010 (SCPS) defined as the potential basis for industrial classification of products/services is a systematized summary of product names and services with their coding according to the hierarchical system of classification. The peculiarities and problems of implementing SCPS and the other classifications in the service sector are analyzed. The article proves that the State Statistics Service of Ukraine ignores methodologically SCPS as the ground for statistical classifications named “base for classifier conflicts” under stagnation of the national classification system, which preserves the risks of increased ‘shadowing’ in accounting and procurement and blocks the potentially transparent commercialization of services and their cumulative impact on socio-economic growth by different types of economic activity. The paper suggests the range of elements to be defined as integral elements of the legislative mechanism for the economy unshadowing in the service sector.
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Wirtz, Jochen, Sven Tuzovic, and Michael Ehret. "Global business services." Journal of Service Management 26, no. 4 (August 17, 2015): 565–87. http://dx.doi.org/10.1108/josm-01-2015-0024.
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Purpose – The purpose of this paper is to explore the contribution of global business services (GBS) to improve productivity and economic growth of the world economy, which has gone largely unnoticed in service research. Design/methodology/approach – The authors draw on macroeconomic data and industry reports, and link them to the non-ownership concept in service research and theories of the firm. Findings – Business services explain a large share of the growth of the global service economy. The fast growth of business services coincides with shifts from domestic production toward global outsourcing of services. A new wave of GBS are traded across borders and have emerged as important drivers of growth in the world’s service sector. Research limitations/implications – This paper advances the understanding of non-ownership services in an increasingly global and specialized post-industrial economy. The paper makes a conceptual contribution supported by descriptive data, but without empirical testing. Originality/value – The authors integrate the non-ownership concept and three related economic theories of the firm to explain the role of GBS in driving business performance and the international transformation of service economies.
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Voloskov, Aleksey B. "The Place and Role of the Service Sector in Achieving Strategic National Goals A. Voloskov." World of Economics and Management 20, no. 4 (2020): 78–98. http://dx.doi.org/10.25205/2542-0429-2020-20-4-78-98.
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The article proposes to characterize the place and role of the service sector in the implementation of national goals of economic development for the period up to 2030, a method for determining a quantitative assessment of indicators of development of the service sector, based on the use of model tools based on the apparatus of the input-output table system. The current state of the service sector in the country is briefly described. The service sector in the article is understood as a set of types of services presented in the table of the use of goods and services in basic prices from the system of input-output tables for 2017. The article shows the place of certain types of services in the implementation of indicators of national goals of economic development. For experimental calculations based on the initial table of the use of goods and services at basic prices from the system of input-output tables for 2017, a worksheet was constructed in which some types of economic activities and products were aggregated into conditional sectors of the economy, and from some types were singled out some, directly involved in the implementation of national goals. Calculations according to the worksheet allowed us to quantify the impact of growth in the volume of services on the value of gross value added and the hypothetical values of investment resources required to achieve indicators of national goals.
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Yaish, Meir, and Vered Kraus. "The Consequences of Economic Restructuring for the Gender Earnings Gap in Israel, 1972-1995." Work, Employment and Society 17, no. 1 (March 2003): 5–28. http://dx.doi.org/10.1177/0950017003017001250.
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This article adopts a `structural perspective' of earnings determinants to examine changes over time in the gender earnings gap in Israeli society. It studies the combined effect of the expansion of the services and public sector employment on the gender earnings gap, utilizing data from the 1972 and 1995 censuses in Israel. It shows that within the context of an advanced legislation system regarding women's payment and rights, Israeli women are in disadvantaged economic positions relative to men in all segments of the economy. However, Israeli women are in a relatively better economic position in 1995 than in 1972. It also shows that some segments of the economy are more `women friendly' than others. Women in the private sector experience the highest level of pay discrimination, while women in the public sector experience the lowest. Finally, it shows that pay discrimination against women is similar in both industrial sectors - service and transformative. It thus concludes that despite the impressive growth in service employment over the years, the division of the economy into public and private sectors is a more useful feature in explaining the gender earnings gap in Israel.
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Mai, Xin, Roger C. K. Chan, and Chaoqun Zhan. "Which Sectors Really Matter for a Resilient Chinese Economy? A Structural Decomposition Analysis." Sustainability 11, no. 22 (November 11, 2019): 6333. http://dx.doi.org/10.3390/su11226333.
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This study explores the structural effect of economic resilience with a case of China by examining the extent to which the major economic sectors contribute to the relative resilience of China’s overall economy. By applying a time series analysis, we use the Hodrick–Prescott filter to delineate China’s national economy on a quarterly basis and reveal different performances in responding to two recent economic crises in 1997 and 2008. Using quarterly data pertaining to eight economic sectors (including agriculture, industry, and major service sectors) and the national GDP from 1993Q1 to 2017Q2, we examine their effects on China’s economic resilience by simulating the responses of the national economy to a unit shock from each sector. Results show that the construction, real estate, and financial services have the greatest potential to “disturb” the national economy whereas the industrial sector has the greatest potential to “stabilize” it. The findings correspond with the understanding that extensive infrastructure development and the real estate boom have driven China’s rapid urban development and created economic prosperity, whereas the sectoral decomposition of economic resilience compels a critical reflection on the risks of this growth model.
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Alasgarova, Flora. "THE ROLE OF DEVELOPMENT OF TRANSPORT TURISM IN ECONOMIC GROWTH." Annals of Spiru Haret University. Economic Series 17, no. 3 (September 29, 2017): 85–92. http://dx.doi.org/10.26458/1737.
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Tourism is one of the necessary and very important sectors of country economy. Tourism has its appropriate inimitable characteristics that difference this sector from the other sectors. As to be in the other service industrial fields, in tourism sector the tourists come to the tourism destination place where the tourism services are supplied. To my observation and international experiences, it is hard to think of tourism industry without transportation. Transportation is mean where to carry the tourists to the relevant place where tourism services are accomplished. The article contains detailed information about the introduction to the concepts of tourism, theoretical approach to the tourism as service industry, the role of transport in tourism development, international experiences in transport tourism, development of transport tourismin Azerbaijan economy. The article can be considered as a useful resource for experts and researchers conducting research in this field.
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Ishola, Oluseun A., and Modinat O. Olusoji. "Service Sector Performance, Industry and Growth in Nigeria." International Journal of Service Science, Management, Engineering, and Technology 11, no. 1 (January 2020): 31–45. http://dx.doi.org/10.4018/ijssmet.2020010103.
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This article extends previous empirical studies on service-industrial sector interactions and their impact on growth. It provides evidence from quarterly time series data using OLS, from 2010 to 2016 to account for new subsectors introduced from 2010 following the rebasing of the Nigerian economy. The article employs a disaggregated model to capture the individual productivities of subsectors. Series stationarity was determined with the ADF and PP test, thereafter Johansen technique was applied. The results indicate that while both services and the industrial sector contributed significantly to the economic growth (GDP) of Nigeria, some subsectors i.e. public administration, professional, scientific and technical services, transport (road, rail, pipeline, air, water), utilities (electricity, gas, and water supply, sewage, waste management) were found to be deficient. Finally, this article draws some policy implications to further strengthen the service and industrial sectors so as to maximise the potentials therein through the prescription of sector-specific policies.
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Sulistyono, Setyo Wahyu. "ANALISIS PERGESERAN KEGIATAN EKONOMI JAWA TIMUR MELALUI PENGUATAN KEARIFAN LOKAL." Jurnal Ilmu Ekonomi JIE 5, no. 2 (July 11, 2021): 382–92. http://dx.doi.org/10.22219/jie.v5i2.14977.
Full textAbstract:
The purpose of this study is to analyze economic performance by sector through analysis of the basic and non-basic sectors, as well as to see the shifts in economic activities that have occurred in the East Java region. The research method is carried out with a descriptive quantitative approach using secondary data types, obtained on the information of a second party as a competent data provider. The analysis technique used is location quetiont (lq) analysis and descriptive qualitative approach as a method in determining the basis and non-base sectors as well as shifting economic activities by taking the location of East Java. The change in the structure of the economy can also be seen from the change in the contribution of each sector to GDP / GRDP. The results of the study are that there is a shift in economic activity with a jump in the economic phase from the primary economy to services with the acceleration of industrialism, the industrial and service sectors have become the movers in the last 3 years, industry. processing has become a new trend in economic acceleration, the service and warehousing sectors have become pockets in the economy characterized by strengthening local wisdom by strengthening competitiveness so as to be able to provide economic resources for the domestic and be able to provide for foreign domestic needs for excess production with a basic sector concept based on real local wisdom