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The Productivity Renaissance in the U.S. Service Sector

Author

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  • Andrew Sharpe

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Abstract

This article, which is closely related to the previous article, is also by Andrew Sharpe of the Centre for the Study of Living Standards. It points out that there now appears to be a renaissance in productivity growth in the U.S. service sector, with output per worker growing five times faster in the 1995-98 period than in the 1981-95 period. This development appears to reflect the impact of the massive investments in information technologies, which finally now seem to be producing large productivity gains in a wide range of service industries.

Suggested Citation

  • Andrew Sharpe, 2000. "The Productivity Renaissance in the U.S. Service Sector," International Productivity Monitor, Centre for the Study of Living Standards, vol. 1, pages 6-8, Fall.
  • Handle: RePEc:sls:ipmsls:v:1:y:2000:2
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    File URL: http://www.csls.ca/ipm/1/sharpe-2-e.pdf
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    File URL: http://www.csls.ca/ipm/1/sharpe-2-f.pdf
    File Function: version en francais, pp:6-8
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    Citations

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    Cited by:

    1. MartinNeil Baily & Robert Z. Lawrence, 2001. "Do We Have a New E-conomy?," American Economic Review, American Economic Association, vol. 91(2), pages 308-312, May.
    2. Ronald Schettkat & Joep Damen, 2004. "Demand Patterns and Employment Structures an Aggregate Analysis," DEMPATEM Working Papers wp11, AIAS, Amsterdam Institute for Advanced Labour Studies.
    3. Pascal Petit, 2002. "The Roots of the New Economy: An Institutional Perspective," International Productivity Monitor, Centre for the Study of Living Standards, vol. 4, pages 39-54, Spring.
    4. Cornwall, John & Cornwall, Wendy, 2002. "A demand and supply analysis of productivity growth," Structural Change and Economic Dynamics, Elsevier, vol. 13(2), pages 203-229, June.

    More about this item

    Keywords

    Productivity; Growth; United States; Service Sector; Labor Productivity; Labour; Information Technology; Investment; Acceleration; Data Sources; Service Sector; Measurement;

    JEL classification:

    • O51 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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