The dominance of producers services in the U.S. economy

Authors

  • H.G. GRUBEL
  • M.A. WALKER

DOI:

https://doi.org/10.13133/2037-3643/10936

Keywords:

Service sector, De-industrialisation

Abstract

Some economists have been concerned with the phenomenon of rapid and growing service sector employment and output in the United States. De-industrialisation has been viewed as a threat to the long-term viability of the economy. This paper provides a rebuttal to these views and examines the various definitions of the services that are being measured. The analysis concludes that it is producer services that are on the increase; these are intermediate services provided to businesses that reflect increasing specialisation within the labour force.


JEL: L80, O14

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Published

2013-10-22

How to Cite

GRUBEL, H., & WALKER, M. (2013). The dominance of producers services in the U.S. economy. PSL Quarterly Review, 44(176). https://doi.org/10.13133/2037-3643/10936

Issue

Vol. 44 No. 176 (1991)

Section

Editorial

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