EconStor >
United Nations University (UNU) >
World Institute for Development Economics Research (UNU-WIDER), United Nations University >
WIDER Research Papers, United Nations University (UNU) >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/45152
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorVerma, Rubinaen_US
dc.date.accessioned2010-02-16en_US
dc.date.accessioned2011-04-26T07:42:31Z-
dc.date.available2011-04-26T07:42:31Z-
dc.date.issued2008en_US
dc.identifier.isbn978-92-9230-126-2en_US
dc.identifier.urihttp://hdl.handle.net/10419/45152-
dc.description.abstractFollowing the economic liberalization in India, the service sector has gained prominence in the economy as it accounts for the largest share of GDP and, also that the share of this sector in GDP has been growing very rapidly. Empirical data reveal two significant trends in the service sector following liberalization in 1991: growth in service sector productivity and growth in services' trade. The objective of this paper is to build a simple three sector quantitative model which can capture the increase in the share of service sector in GDP after liberalization. Within the context of the model, there are two exogenous changes that occur across the two steady states years, 1980 and 1999: growth in sectoral total factor productivity (TFP) and increase in the level of trade in industrial and service sectors. The results from a counterfactual experiment reveal that shutting down sectoral TFP affects the ability of the model to capture the data trends whereas the absence of sectoral trade negligibly affects the results. Hence I conclude that services' productivity growth versus the increase in services' trade can better explain the value added growth observed in the Indian service sector across the two steady states.en_US
dc.language.isoengen_US
dc.publisherUNU-WIDER Helsinkien_US
dc.relation.ispartofseriesResearch paper / UNU-WIDER 2008.72en_US
dc.subject.jelO14en_US
dc.subject.jelO41en_US
dc.subject.jelO53en_US
dc.subject.ddc330en_US
dc.subject.keywordgrowthen_US
dc.subject.keywordtradeen_US
dc.subject.keywordtotal factor productivityen_US
dc.subject.keywordservicesen_US
dc.subject.keywordIndiaen_US
dc.subject.stwDienstleistungssektoren_US
dc.subject.stwDeregulierungen_US
dc.subject.stwIndienen_US
dc.titleThe service sector revolution in India: A quantitative analysisen_US
dc.typeWorking Paperen_US
dc.identifier.ppn589760629en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:WIDER Research Papers, United Nations University (UNU)

Files in This Item:
File Description SizeFormat
589760629.pdf254.15 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.