The Distribution Sector and the Development Process: are there Patterns? Yes
AbstractUsing an increasing returns specification for distribution, an inverted U pattern between the share of distribution in gross domestic product and the level of development is shown to arise. A cross-section time-series data set is constructed and merged with one used to analyze the service sector. In contrast to the rising pattern found for services, an average time-series relation that exhibits an inverted U pattern is established. The empirical results are robust, for example, to choice of functional form and country and time period coverage. A similar pattern is found in the average cross-section (country) relation between distribution and development. Copyright 2002, Oxford University Press.
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Bibliographic InfoArticle provided by Western Economic Association International in its journal Economic Inquiry.
Volume (Year): 40 (2002)
Issue (Month): 2 (April)
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Other versions of this item:
- James H. Anderson & Roger R. Betancourt, 1999. "The Distribution Sector and the Development Process: Are There Patterns? Yes," Electronic Working Papers 99-007, University of Maryland, Department of Economics.
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
- L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce
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