Management, Marketing, Innovation and Internationalisation
Edited by John R. Bryson and Peter W. Daniels
Chapter 2: Growth and productivity in EU service sectors
In recent years the performance of service industries has come to the forefront of research and policy debate on Europe’s comparative economic performance. The much publicised acceleration in US output and productivity growth and Europe’s failure to match this performance are primarily down to developments in market service sectors (Timmer et al., 2010). The focus on service sectors was facilitated by developments in the measurement of outputs and inputs, which for the first time allowed for quantitative comparisons across sectors, countries and time. The purpose of this chapter is to highlight some of the main findings from the existing quantitative analysis and present new estimates on service sector performance following the global financial crisis since late 2007.
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