Services Development and Comparative Advantage in Manufacturing

Read this working paper in the Policy Research Working Papers series put out by the World Bank. The authors argue that services have to compete for resources alongside manufacturing, with implications for export industries.

Figures and Tables

Figure 1

Figure 1: Scatter plots of the shares of services value added in GDP against income level, for financial and business services, year 2005

Notes: The vertical axis represents the share of services value added in GDP for financial & business services combined, financial services only, and business services only, respectively. The horizontal axis represents log(GDP/capita). Only the data for year 2005 are used.