Services in Developing Economies: A New Chance for Catching-Up?

  1. Maroto, Andres 1
  2. Gallego, Jorge 1
  3. Savona, Maria 2
  4. di Meglio, Gisela 3
  1. 1 Department of Economic AnalysisAutonomous University of Madrid, Spain.
  2. 2 Science Policy Research UnitUniversity of Sussex, UK.
  3. 3 Department of Economic Analysis IIComplutense University of Madrid
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Revista:
SPRU Working Paper Series
  1. Gisela Di Meglio
  2. Jorge Gallego
  3. Andrés Maroto
  4. Maria Savona

ISSN: 2057-6668

Año de publicación: 2015

Tipo: Artículo

DOI: 10.2139/SSRN.2744647 GOOGLE SCHOLAR lock_openAcceso abierto editor

Otras publicaciones en: SPRU Working Paper Series

Resumen

The paper analyses the potential contribution of services as a driving force of economic growthin developing countries within a Kaldorian framework. In doing so, we revisit Kaldor GrowthLaws and econometrically test them for a number of economic activities (including four servicebranches) across twenty-nine developing countries from Asia, Latin-America and Sub-SaharanAfrica during a time span of thretrue decades (1975-2005). Panel data estimations arecomplemented with a decomposition of labour productivity growth by means of a shift-shareanalysis. The results induce to question the traditional role posed to services as unlikely driversof productivity growth in developing economies. As a matter of fact, business services seem toallow productivity growth by the same Kaldorian mechanisms that have traditionally mademanufacturing the key driver of growth.

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