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Services

  • Robert E. B. Lucas
  • Donald Verry

Abstract

Even if one excludes government services, which will be taken up together with a more general discussion of the public sector in the following chapter, the remainder of services contributed 32 per cent of GDP and provided 35 per cent of total employment in 1993. This follows a decade and a half in which employment growth in services (excluding government services) exceeded that in either manufacturing or agriculture and related activities, as may be seen from the following:1
 

Annual Growth (%) 1978–1993

 

GDP

Employment

Agriculture

3.5

−1.7

Manufacturing

10.1

6.2

Services

8.0

6.3

Keywords

Service Sector Financial Service Service Industry Employment Growth Import Substitution 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Robert E. B. Lucas and Donald Verry 1999

Authors and Affiliations

  • Robert E. B. Lucas
    • 1
  • Donald Verry
    • 2
  1. 1.Boston UniversityUSA
  2. 2.University College LondonUK

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