University of Hertfordshire

By the same authors

Standard

Business and financial services: new engine of economic growth? / Yin, Y.P.

University of Hertfordshire, 2008. (Business School Working Paper).

Research output: Working paper

Harvard

Yin, YP 2008 'Business and financial services: new engine of economic growth?' Business School Working Paper, University of Hertfordshire.

APA

Yin, Y. P. (2008). Business and financial services: new engine of economic growth? (Business School Working Paper). University of Hertfordshire.

Vancouver

Yin YP. Business and financial services: new engine of economic growth? University of Hertfordshire. 2008. (Business School Working Paper).

Author

Yin, Y.P. / Business and financial services: new engine of economic growth?. University of Hertfordshire, 2008. (Business School Working Paper).

Bibtex

@techreport{1599e8e3e5e144bca12e053e4836fdaf,
title = "Business and financial services: new engine of economic growth?",
abstract = "Does 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.",
keywords = "unbalanced growth, intermediate linkages, resource shift, multi-sector growth model",
author = "Y.P. Yin",
year = "2008",
language = "English",
series = "Business School Working Paper",
publisher = "University of Hertfordshire",
type = "WorkingPaper",
institution = "University of Hertfordshire",

}

RIS

TY - UNPB

T1 - Business and financial services: new engine of economic growth?

AU - Yin, Y.P.

PY - 2008

Y1 - 2008

N2 - Does 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.

AB - Does 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.

KW - unbalanced growth

KW - intermediate linkages

KW - resource shift

KW - multi-sector growth model

M3 - Working paper

T3 - Business School Working Paper

BT - Business and financial services: new engine of economic growth?

PB - University of Hertfordshire

ER -