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Tertiarization Like China / Xilu Chen, Guangyu Pei, Zheng Michael Song, Fabrizio Zilibotti.
- Format:
- Book
- Author/Creator:
- Chen, Xilu.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w30272.
- NBER working paper series no. w30272
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2022.
- Summary:
- 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 also extends 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.
- Notes:
- Print version record
- July 2022.
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