Show simple item record

dc.contributor.authorYin, Y.P.
dc.date.accessioned2008-09-15T07:59:27Z
dc.date.available2008-09-15T07:59:27Z
dc.date.issued2008
dc.identifier.citationYin , Y P 2008 ' Business and financial services: new engine of economic growth? ' Business School Working Paper , University of Hertfordshire .
dc.identifier.otherPURE: 79388
dc.identifier.otherPURE UUID: 1599e8e3-e5e1-44bc-a12e-053e4836fdaf
dc.identifier.otherdspace: 2299/2369
dc.identifier.otherORCID: /0000-0002-1389-9065/work/125259397
dc.identifier.urihttp://hdl.handle.net/2299/2369
dc.description.abstractDoes unbalanced sectoral productivity growth inevitably lead to continuous shift of resources to the less productive sectors and stagnation in aggregate productivity? This paper attempts to integrate the traditional stagnationist and the modern optimist arguments within a numerical simulation framework. The simulation framework consists of an applied general equilibrium multi-sectoral growth model for a small open regional economy that incorporates unbalanced sectoral growth and the growing role of business and financial services as intermediate service providers. The simulation results lend support to the stagnationist view in the long run but reveal some unconventional comparative-static properties in the short- to medium run.en
dc.language.isoeng
dc.publisherUniversity of Hertfordshire
dc.relation.ispartofseriesBusiness School Working Paper
dc.subjectunbalanced growth
dc.subjectintermediate linkages
dc.subjectresource shift
dc.subjectmulti-sector growth model
dc.titleBusiness and financial services: new engine of economic growth?en
dc.contributor.institutionHertfordshire Business School
rioxxterms.typeWorking paper
herts.preservation.rarelyaccessedtrue


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record