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Demand-side issues of the service economy

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  • Pascal Ughetto

Abstract

This paper examines the relevance of the demand-side approach to the development of a service economy. Its starts by addressing some concerns about the possibility of creating a growth regime based on services. Discussion has mainly focused on the increasing share of services in consumer spending; but equally important is the fact that most products--goods and services alike--integrate a significant service-to-the-client dimension. The paper considers the costs incurred by strategies that aim to create value for the client and that require the existence of a purchasing power likely to validate them.

Suggested Citation

  • Pascal Ughetto, 2004. "Demand-side issues of the service economy," Review of Political Economy, Taylor & Francis Journals, vol. 16(4), pages 473-483.
    • Handle: RePEc:taf:revpoe:v:16:y:2004:i:4:p:473-483
    DOI: 10.1080/0953825042000256694
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    References listed on IDEAS

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    1. Gadrey, Jean & Jany-Catrice, Florence & Ribault, Thierry, 2001. "Levels and Systems of Employment in the Japanese Retail Trade: A Comparison with France," Cambridge Journal of Economics, Oxford University Press, vol. 25(2), pages 165-184, March.
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