Abstract
The major debate as concerns services has to do with the combination of the following three elements:
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a dominant (and increasing) share of GDP and employment;
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low (labour) productivity growth;
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higher than average price increases;
i.e. with the fact that a major proportion of activities have low (lower than average) productivity surpluses, for which they compensate with higher than average prices.
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References
J. De Bandt, (1993), “Services aux Entreprises: Informations, Produits, Richesses”, (forthcoming).
J. De Bandt, (1989), “Can We Measure Productivity in Service Activities?” in A. Bressand and K. Nicolaïdis, Strategic Trends in Services: an Inquiry into the Global Service Economy, Harper & Row, New York.
INSEE, Les Comptes des Services en 1991, Paris, December 1992.
P. Malaska, (1985), “The Outline of a Policy for the Future, The Science of Complexity”, United Nations University, Tokyo.
OECD, (1987), “Measurement of Value Added at Constant Prices”, in Service Activities, National Accounts: Sources and Methods, Paris.
R. Summers, (1985), “Services in the International Economy”, in R. Inman, ed., Managing the Service Economy, Prospects and Problems, Cambridge University Press, Cambridge.
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© 1995 Physica-Verlag Heidelberg
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De Bandt, J. (1995). Indirect Productivity of Business Services, Through Non-Material Investments. In: Felli, E., Rosati, F.C., Tria, G. (eds) The Service Sector: Productivity and Growth. Contributions to Economics. Physica-Verlag HD. https://doi.org/10.1007/978-3-642-49999-9_6
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DOI: https://doi.org/10.1007/978-3-642-49999-9_6
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