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Drivers of services sector growth acceleration in developing countries

Author

Listed:
  • Gideon Ndubuisi
  • Solomon Owusu
  • Rex Asiama
  • Elvis Korku Avenyo

Abstract

The services sector is dominant and continues to experience unprecedented growth in many developing economies. However, in-depth empirical analysis of the drivers of services sector growth acceleration is limited. This paper examines and identifies the underlying factors that explain services sector growth accelerations and episodes in developing countries, and how these factors may differ across services types (market services and non-market services) and regions.

Suggested Citation

  • Gideon Ndubuisi & Solomon Owusu & Rex Asiama & Elvis Korku Avenyo, 2023. "Drivers of services sector growth acceleration in developing countries," WIDER Working Paper Series wp-2023-87, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2023-87
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    File URL: https://www.wider.unu.edu/sites/default/files/Publications/Working-paper/PDF/wp2023-87-drivers-services-sector-growth-acceleration-developing-countries.pdf
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    References listed on IDEAS

    as
    1. Michael D. Hurd & Susann Rohwedder, 2008. "The Retirement Consumption Puzzle: Actual Spending Change in Panel Data," NBER Working Papers 13929, National Bureau of Economic Research, Inc.
    2. Xiaolan Fu & Elvis Avenyo & Pervez Ghauri, 2021. "Digital platforms and development: a survey of the literature," Innovation and Development, Taylor & Francis Journals, vol. 11(2-3), pages 303-321, September.
    3. Urom, Christian & Ndubuisi, Gideon & Guesmi, Khaled, 2022. "Dynamic dependence and predictability between volume and return of Non-Fungible Tokens (NFTs): The roles of market factors and geopolitical risks," Finance Research Letters, Elsevier, vol. 50(C).
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    Keywords

    Services; Economic growth;

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