The recent growth boom in developing economies: The role of services

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dc.creatorDiao, Xinshen
dc.creatorMcMillan, Margaret S.
dc.creatorRodrik, Dani
dc.date2017
dc.date2024-06-21T09:24:47Z
dc.date2024-06-21T09:24:47Z
dc.date.accessioned2026-06-27T15:45:44Z
dc.descriptionThis note draws heavily on the recent paper ‘The recent growth book in developing economies: a structural change perspective’ by Xinshen Diao, Margaret McMillan and Dani Rodrik (2017). Although the paper is not focused on the services sector per se, we may draw two broad conclusions about the role of the services sector in economic growth in developing economies from this paper. We focus on country-specific growth accelerations, which started as early as 1988 and as late as 2003 and last for at least seven years. First, the services sector has contributed to labour productivity growth in developing economies through structural change (primarily Africa) and through productivity improvements within the services sector (primarily Latin America) and sometimes through both channels (primarily East Asia). Second, in many African countries, within-sector productivity growth in the services sector (and in most other sectors, with the exception of agriculture) has been weak and sometimes negative. We argue that one reason for the differences across regions relates to the characteristics of the growth boom and caution that, without within-sector productivity improvements in services and manufacturing, structural, change-led growth will peter out in Africa.
dc.identifierhttps://hdl.handle.net/10568/148476
dc.identifier.urihttp://hdl.handle.net/123456789/113871
dc.languageen
dc.publisherOverseas Development Institute
dc.relationhttps://doi.org/10.3386/w23132
dc.rightsOpen Access
dc.sourceDiao, Xinshen; McMillan, Margaret S.; and Rodrik, Dani. 2017. The recent growth boom in developing economies: The role of services. In Bernard Hoekman and Dirk Willem te Velde, eds. Supporting Economic Transformation: Trade in services and economic transformation: A new development policy priority, pp. 6-7. London, U.K.: Overseas Development Institute (ODI). http://set.odi.org/wp-content/uploads/2017/02/SET-essays.pdf
dc.subjectstructural adjustment
dc.subjecteconomic growth
dc.subjectsupply balance
dc.subjecteconomic development
dc.subjectdemand
dc.subjectsocioeconomic development
dc.subjectlabour productivity
dc.subjectdeveloping countries
dc.titleThe recent growth boom in developing economies: The role of services
dc.typeBook Chapter

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Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)