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Author: | McKibbin, W. Wilcoxen, P. |
Title: | The role of services in modelling the global economy |
Journal: | Asia-Pacific Economic Review
1996 : AUG, VOL. 2:2, p. 3-13 |
Index terms: | ECONOMICS MODELS SERVICE |
Language: | eng |
Abstract: | The service sector is a large part of industrialised economies and plays an increasingly important role in developing economies. international trade in services is also an expanding part of the global economy yet the service sector is frequently ignored in empirical modelling because of the limited availability of data, in particular for the bilateral flow of services between economies. Some studies have incorporated service industries explicitly in examining issues such as microeconomic reform in Australia. |
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