Time of event
Day 1: 09:30–18:00
Day 2: 09:30–15:00
The services economy is on the rise all around the world. Even in low- and middle-income countries, services typically account for at least half of all economic activity. Services are characterized by a high degree of heterogeneity in productivity and potential to produce positive spillovers. For example, personal services, like janitorial work, have low productivity and low spillover activities, but research and development and engineering have high productivity with high spillover activities. Indeed, they propel long-run economic growth in standard endogenous growth frameworks.
The services economy remains less studied than manufacturing, even though it accounts for a larger proportion of economic activity and employment in nearly all economies. Building on a brainstorming workshop at ADBI in December 2017, this activity aims to develop new ideas on how to make the services sector an engine of development. This activity also relates to the question of technology and jobs, a theme tackled in the 2018 Asian Development Outlook. This research also builds on earlier studies by ADBI, such as the report Services Trade: Approaches for the 21st Century, published with the Pacific Economic Cooperation Council in 2011.
Present the latest evidence on how the services economy can help promote structural transformation and long-run income growth, which in turn help achieve sustainable development
This activity will produce
- an edited book volume,
- ADBI working papers,
- ADBI Asia Pathways blog post, and
- a conference with experts, academics, and policy makers.
How to register
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