Tertiarization Like China

IF 6.8 2区 经济学 Q1 ECONOMICS
Xilu Chen, Guangyu Pei, Zheng Song, Fabrizio Zilibotti
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引用次数: 1

Abstract

This article documents a rapid shift toward services (tertiarization) of the Chinese economy since 2005, as evidenced by the significant increase in both employment and value-added shares of the service sector. Notably, our analysis reveals that a variety of measures of productivity growth have been greater in the service sector than in the manufacturing sector. Firm-level measures of dynamism corroborate this ongoing tertiarization trend, which is not limited to services used as inputs to industrial production but extends also to consumer services. These findings are robust across different growth accounting methodologies, including a recently proposed method by Fan et al. (2023) that addresses challenges associated with the measurement of quality improvements in service industries.
像中国那样的三级化
本文记录了自2005年以来中国经济向服务业(三化)的快速转变,服务业的就业和增值份额的显著增长证明了这一点。值得注意的是,我们的分析显示,服务业的各种生产率增长指标都高于制造业。公司一级的动态措施证实了这种正在进行的第三化趋势,这种趋势不仅限于作为工业生产投入的服务,而且还扩展到消费者服务。这些发现在不同的增长会计方法中都是稳健的,包括Fan等人(2023)最近提出的一种方法,该方法解决了与服务业质量改进测量相关的挑战。
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来源期刊
CiteScore
9.70
自引率
3.60%
发文量
34
期刊介绍: The Annual Review of Economics covers significant developments in the field of economics, including macroeconomics and money; microeconomics, including economic psychology; international economics; public finance; health economics; education; economic growth and technological change; economic development; social economics, including culture, institutions, social interaction, and networks; game theory, political economy, and social choice; and more.
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