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| Tekijä: | Jorgenson, D.W. (et al.) |
| Otsikko: | Structural change in advanced nations: a new set of stylised facts |
| Lehti: | Scandinavian Journal of Economics
2011 : VOL. 113:1 p. 1-29 |
| Asiasana: | productivity skills developed economies service structural change European Union Japan USA |
| Vapaa asiasana: | ICT |
| Kieli: | eng |
| Tiivistelmä: | This paper presents new evidence on patterns of structural change in advanced economies. Since 1980, the services sector has overall predominated in the economic activity of the European Union (EU), Japan, and the United States (U.S.), but there is substantial heterogeneity among services. Personal, finance, and business services have low productivity growth and rising shares in employment and gross domestic product (GDP). In contrast, shares of distribution services are constant, and productivity growth is rapid. It is found that the labour share in value-added is declining, while the use of information and communication technology (ICT) capital and skilled labour is increasing in all sectors and regions. |
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