Measures of technical change and structural change in services in the usa: Was there a resurgence of productivity growth in services?

Edward Wolff

    Research output: Contribution to journalArticle

    Abstract

    Traditional measures of productivity growth show very low gains made by most service industries since 1980s in the USA. However, other indices of ‘technological activity’, such as computerization, education, and occupational change, show that service industries were more technologically active than goods producers over this period. I first distinguish among three types of services: standardized like communications, customized like recreation, and hybrid like retailing. Using output, employment, and capital stock data for 43 industries over 1960–2000, I find that in terms of productivity standardized services behave like goods producers, customized services have had virtually zero productivity growth, and hybrid services fall in between. These results show up in historical data as well as in econometric analysis.

    Original languageEnglish (US)
    Pages (from-to)368-395
    Number of pages28
    JournalMetroeconomica
    Volume58
    Issue number3
    DOIs
    StatePublished - Jan 1 2007

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    Structural change
    Technical change
    Productivity growth
    Service industries
    Education
    Capital stock
    Retailing
    Communication
    Industry
    Producer services
    Econometric analysis
    Productivity
    Recreation
    Computerization

    ASJC Scopus subject areas

    • Economics and Econometrics

    Cite this

    Measures of technical change and structural change in services in the usa : Was there a resurgence of productivity growth in services? / Wolff, Edward.

    In: Metroeconomica, Vol. 58, No. 3, 01.01.2007, p. 368-395.

    Research output: Contribution to journalArticle

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