Service Sector Growth in China and India: A Comparison
AbstractChina and India have recently achieved spectacular economic growth. However, services in these two Asian giants have played a very different role. In India, the service sector contributes to more than 54 per cent of GDP while its GDP share in China is much smaller (below 41 per cent in 2004). To provide an explanation for the contrasting trajectories, this paper examines and compares service sector developments in these two Asian giants. It investigates the determinants of demand for services and sheds light on the outlook for service sector growth in the two countries.
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Bibliographic InfoPaper provided by The University of Western Australia, Department of Economics in its series Economics Discussion / Working Papers with number 07-04.
Length: 21 pages
Date of creation: 2007
Date of revision:
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China and India; Asia; service sector; growth determinants and regression analysis;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-05-19 (All new papers)
- NEP-CNA-2007-05-19 (China)
- NEP-CWA-2007-05-19 (Central & Western Asia)
- NEP-DEV-2007-05-19 (Development)
- NEP-SEA-2007-05-19 (South East Asia)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Working Paper Series
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