Journal Article

Manufacturing and Service Sector Roles in the Evolution of Innovation and Productivity


Abstract: The relative size of the manufacturing sector in an economy depends on its stage of development. As economies become more industrialized, employment and output increase rapidly. Eventually, for large-enough levels of development, the contribution of the manufacturing sector starts declining in favor of the service sector.

https://doi.org/10.20955/es.2018.2

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: Economic Synopses

Publication Date: 2018

Issue: 2

Pages: 1-3