Growth of service sector in BRIIC economies

Maysia Farhati; Raquel Ortega Argiles

doi:10.20885/ejem.vol10.iss1.art5

Growth of service sector in BRIIC economies

Maysia Farhati, Raquel Ortega Argiles

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Abstract

In recent years, there has been growing attention to service sector in the
world economies. This study analyses service sector in Brazil, Russia, India,
Indonesia and China (BRIIC), which are five of the largest economies in
today’s developing world. We examine how the services links with overall
economic activities and what drives its growth in the period 2000-2010.
This research finds that in BRIIC economies, final demand in other sectors
has not enhanced services output. Furthermore, using structural
decomposition analysis, this study investigates various aspects which
contribute to the growth of services output, which are final domestic
demand, export, and changes in technology. The result suggests that in
BRIIC economies, final domestic demand has been the main driver of the
growth of services that exceeded more than 70% of overall effect in all
economies. Domestic final demand for services contributed higher than the
non-services one

Original language	English
Pages (from-to)	40-52
Journal	Journal of Emerging Markets Finance
Volume	10
Issue number	1
DOIs	https://doi.org/10.20885/ejem.vol10.iss1.art5
Publication status	Published - 6 Mar 2018

Keywords

input-output
structural decomposition analysis
service sector
BRIIC

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title = "Growth of service sector in BRIIC economies",

abstract = "In recent years, there has been growing attention to service sector in theworld economies. This study analyses service sector in Brazil, Russia, India,Indonesia and China (BRIIC), which are five of the largest economies intoday{\textquoteright}s developing world. We examine how the services links with overalleconomic activities and what drives its growth in the period 2000-2010.This research finds that in BRIIC economies, final demand in other sectorshas not enhanced services output. Furthermore, using structuraldecomposition analysis, this study investigates various aspects whichcontribute to the growth of services output, which are final domesticdemand, export, and changes in technology. The result suggests that inBRIIC economies, final domestic demand has been the main driver of thegrowth of services that exceeded more than 70% of overall effect in alleconomies. Domestic final demand for services contributed higher than thenon-services one",

keywords = "input-output, structural decomposition analysis, service sector, BRIIC",

author = "Maysia Farhati and {Ortega Argiles}, Raquel",

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doi = "10.20885/ejem.vol10.iss1.art5",

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KW - structural decomposition analysis

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Growth of service sector in BRIIC economies

Abstract

Keywords

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