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The Growth of European Business Services

In: Business Services in European Economic Growth

Author

Listed:
  • Luis Rubalcaba
  • Henk Kox

Abstract

The most direct contribution of the business-services sector to economic growth comes from its own dynamism and expansion. The present chapter discusses the stylized facts about business-services growth in the European Union. We discuss explanatory factors and we also differentiate between business-cycle and structural elements in the sector’s growth. Separate explanations will be offered for the cyclical volatility and for the structural component in the growth of business-services industry. In the final part of the chapter we analyse the characteristics of business services employment.

Suggested Citation

  • Luis Rubalcaba & Henk Kox, 2007. "The Growth of European Business Services," Palgrave Macmillan Books, in: Luis Rubalcaba & Henk Kox (ed.), Business Services in European Economic Growth, chapter 1, pages 15-38, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-22879-5_2
    DOI: 10.1057/9780230228795_2
    as

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