Growth and the Services Sector: The Portugal Case
Does the increasing tertiarisation of an economy have the potential to sustain its growth rate? This work aims at contributing to this debate from a Portuguese perspective by conducting a characterization of the services sector in Portugal for the period 1970-2005/8. We first analyze the services sector as a whole, and then consider different sub-sectors based on the division of this sector into two broad categories, modern impersonal services and traditional personal services. At the aggregate level, the productivity performance of the Portuguese services sector is low relative to that of selected more advanced countries. This is due to the strong weight of traditional services. However, modern services show a great potential to increase its productivity and participation in international trade. Portugal should thus focus on the development of transport and communications and finance and business services sub-sectors in order to overcome the negative productivity and standards of living differentials relative to most of our European partners. Decisio makers should also not forget that there is ample scope for some traditional services to benefit from recent technological advances and thus turning into modern services.
|This chapter was published in: ||This item is provided by Institute of Economic Sciences in its series Book Chapters with number
conissue-17.||Handle:|| RePEc:ibg:chaptr:conissue-17||Contact details of provider:|| Postal: 12 Zmaj Jovina St, 11000 Belgrade, Serbia|
Phone: +381 11 2622 357, 2623 055
Fax: +381 11 2181 471
Web page: http://www.ien.bg.ac.rs
More information through EDIRC
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.:
- Maroto-Sánchez, Andrés & Cuadrado-Roura, Juan R., 2009. "Is growth of services an obstacle to productivity growth? A comparative analysis," Structural Change and Economic Dynamics, Elsevier, vol. 20(4), pages 254-265, December.
- Margarida Duarte & Diego Restuccia, 2007.
"The structural transformation and aggregate productivity in Portugal,"
Portuguese Economic Journal,
Springer;Instituto Superior de Economia e Gestao, vol. 6(1), pages 23-46, April.
- Margarida Duarte & Diego Restuccia, 2006. "The Structural Transformation and Aggregate Productivity in Portugal," Working Papers tecipa-261, University of Toronto, Department of Economics.
- Dale W. Jorgenson & Marcel P. Timmer, 2011.
"Structural Change in Advanced Nations: A New Set of Stylised Facts,"
Scandinavian Journal of Economics,
Wiley Blackwell, vol. 113(1), pages 1-29, 03.
- Jorgenson, D.W. & Timmer, Marcel, 2010. "Structural Change in Advanced Nations: A New Set of Stylised Facts," GGDC Research Memorandum GD-115, Groningen Growth and Development Centre, University of Groningen.
- Uppenberg, Kristian & Strauss, Hubert, 2010. "Innovation and productivity growth in the EU services sector," EIB Economic Surveys, European Investment Bank, number 2.
- Mary O'Mahony & Marcel P. Timmer, 2009. "Output, Input and Productivity Measures at the Industry Level: The EU KLEMS Database," Economic Journal, Royal Economic Society, vol. 119(538), pages F374-F403, 06.
- Ghani, Ejaz & Kharas, Homi, 2010.
"The Service Revolution,"
World Bank - Economic Premise,
The World Bank, issue 14, pages 1-5, May.
- Gable, Susanna Lundstrom & Mishra, Saurabh, 2011. "Service Export sophistication and Europe's new growth model," Policy Research Working Paper Series 5793, The World Bank.
When requesting a correction, please mention this item's handle: RePEc:ibg:chaptr:conissue-17. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zorica Bozic)
If references are entirely missing, you can add them using this form.