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IZA
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The Shift to Services: A Review of the Literature
by
Ronald Schettkat, Lara Yocarini
(December 2003)
published in: Structural Change and Economic Dynamics, 2006, 17 (2), 127-147
Abstract:
The present paper provides an overview of literature on the shift to services. It follows the three dimensions of structural change - final demand, the inter-industry division of labor and inter-industry productivity differences. It first looks at the ‘classics’, however (Fisher (1935), Clark (1940), Fourastié (1949), Baumol (1967, 2001), and Fuchs (1968)). Next, it treats studies analyzing differences in service-industry employment, and offers a discussion of
studies focussing on final demand as an explanation of higher service shares in GDP. It also provides an overview of studies analyzing the inter-industry division of labor on the basis of
input-output data. Finally, it discusses studies following Baumol’s cost-disease hypothesis.
Text: See Discussion Paper No. 964 
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