Contribution of Knowledge-Intensive Services to Economic Growth

被引:0
|
作者
Yumiko Kinoshita
机构
[1] The University of Tokyo,Graduate School of Interdisciplinary Information Studies
关键词
Knowledge-intensive Services (KIS); Labor-augmenting technology progress; Real Business Cycle model (RBC); L16; L86; L89;
D O I
10.1007/BF03405725
中图分类号
学科分类号
摘要
In today’s economy, the service sectors comprise 65-75% of the economy in most advanced countries; however, fewer empirical and statistical studies have been performed with regard to the service sectors than manufacturing sectors to verify their impact on economic growth. In line with a recent trend in which services are becoming more knowledge-intensive, this paper focuses on Knowledge-intensive Service (KIS) activities, which produce and integrate existing service activities, and enhance knowledge production. The effect of KIS on macroeconomic indicators is examined in a Real Business Cycle (RBC) model with multiple regression analysis and simulation. According to these analyses, it is revealed that the trend of investment into KIS has a strong correlation with aggregate output and consumption, government expenditures, capital stock, and productivity, and that KIS output tends to grow in proportion to these macroeconomic trends. With further analysis, it is clarified that KIS activities contribute to capital deepening and productivity improvement. Therefore, it can be said that it is important to study KIS with regard to its impact on economic growth.
引用
收藏
页码:13 / 32
页数:19
相关论文
共 50 条
  • [41] Interregional exchange of knowledge-intensive business services in Russia
    Kotomina O.V.
    Regional Research of Russia, 2015, 5 (4) : 323 - 331
  • [42] The contribution of knowledge-intensive firms to employment growth: a Granger causality approach for German regions
    Heidinger, Mathias
    Fuchs, Michaela
    Thierstein, Alain
    REGIONAL STUDIES REGIONAL SCIENCE, 2024, 11 (01): : 103 - 121
  • [43] State of Knowledge-Intensive Business Services (KIBS) in India
    Joshi, Seema
    WORLD JOURNAL OF SCIENCE TECHNOLOGY AND SUSTAINABLE DEVELOPMENT, 2014, 11 (04): : 271 - 281
  • [44] Knowledge-intensive business services and innovation performance in Brazil
    Santos, Juliana Bonomi
    INNOVATION & MANAGEMENT REVIEW, 2020, 17 (01) : 58 - 74
  • [45] Performance of Knowledge-Intensive Business Services (KIBS) in India
    Joshi, Seema
    WORLD SUSTAINABLE DEVELOPMENT OUTLOOK 2014: WEST MEET EAST: SHARING THE PAST AND CURRENT EXPERIENCE TO BENEFIT THE FUTURE, 2014, : 267 - 282
  • [46] Innovative Potential of the Knowledge-Intensive Services Sector in Russia
    Doroshenko, Marina
    FORESIGHT AND STI GOVERNANCE, 2011, 5 (04) : 50 - 65
  • [47] Employment Effect in Knowledge-Intensive Business Services in China
    Liu, Huiqun
    Zhao, Xin
    PROCEEDINGS OF INTERNATIONAL FORUM OF KNOWLEDGE AS A SERVICE, 2010, : 130 - 132
  • [48] Shaping innovation in European knowledge-intensive business services
    Christiane Hipp
    Jorge Gallego
    Luis Rubalcaba
    Service Business, 2015, 9 : 41 - 55
  • [49] Knowledge-intensive services: New leader of production stages
    Tucková, Zuzana
    Strouhal, Jirí
    WSEAS Transactions on Systems, 2010, 9 (04): : 432 - 441
  • [50] Managing the protection of innovations in knowledge-intensive business services
    Amara, Nabil
    Landry, Rejean
    Traore, Namatie
    RESEARCH POLICY, 2008, 37 (09) : 1530 - 1547