Service Economies in Europe

Ochel, Wolfgang; Wegner, Manfred

doi:10.4324/9780429305832

Cited by 5 publications

(2 citation statements)

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“…In destination countries, this has enabled the reallocation of labor from primary sectors to services—in what Zuo and Huang (2020) describe as a “structural bonus” and what the Lewis model (or “dual-sector” model; Lewis 1954) predicted was a willingness by low-skill workers in unproductive sectors to seek employment in similarly low-skill jobs in more productive and potentially higher-paying sectors. At the same time, in deindustrializing advanced economies, the service sector (including tourism) has been forced to absorb labor that was shed from declining industries—many of which, as in the case of manufacturing, offered jobs at higher wages and differing skill levels 10 (Hajighasemi 2019; Ochel and Wegner 2019).…”

Section: Policy Implications and Conclusionmentioning

confidence: 99%

Drivers of Growth and Catch-up in the Tourism Sector of Industrialized Economies

Hartley

2021

Journal of Travel Research

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COVID-19 decimated global tourism. As governments and firms strategize the sector’s recovery, insights from the sector’s prepandemic period of high growth offer useful policy lessons. This study examines the drivers of the tourism sector’s growth and catch-up performance in 13 industrialized economies over the period 2000–2015, using data from the EU-KLEMS database. The findings have three notable policy implications. First, the tourism sector in most countries experienced significant growth. However, value-added growth was driven largely by labor employment expansion while labor productivity declined in most countries. Second, weak investment in non–information and communications technology (ICT) capital and declining total factor productivity are the principal impediments to labor productivity growth. Third, all countries embraced digital transformation but many lagged on innovation and labor quality. These findings are analyzed to identify policy strategies for the tourism sector’s postpandemic recovery.

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Section: Policy Implications and Conclusionmentioning

confidence: 99%

Drivers of Growth and Catch-up in the Tourism Sector of Industrialized Economies

Hartley

2021

Journal of Travel Research

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“…Services such as banking, education, healthcare, tourism, and entertainment have become the main drivers of economic growth, replacing traditional industries such as manufacturing and agriculture [3][4][5]. This shift towards a service-based economy has created employment opportunities, increased standards of living, and brought about greater innovation and personalization in service provision [6][7][8][9].…”

Section: Introductionmentioning

confidence: 99%

Autonomous and Sustainable Service Economies: Data-Driven Optimization of Design and Operations through Discovery of Multi-Perspective Parameters

Alahmari,

Mehmood,

Alzahrani

et al. 2023

Sustainability

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The rise in the service economy has been fueled by breakthroughs in technology, globalization, and evolving consumer patterns. However, this sector faces various challenges, such as issues related to service quality, innovation, efficiency, and sustainability, as well as macro-level challenges such as globalization, geopolitical risks, failures of financial institutions, technological disruptions, climate change, demographic shifts, and regulatory changes. The impacts of these challenges on society and the economy can be both significant and unpredictable, potentially endangering sustainability. Therefore, it is crucial to comprehensively study services and service economies at both holistic and local levels. To this end, the objective of this study is to develop and validate an artificial-intelligence-based methodology to gain a comprehensive understanding of the service sector by identifying key parameters from the academic literature and public opinion. This methodology aims to provide in-depth insights into the creation of smarter, more sustainable services and economies, ultimately contributing to the development of sustainable future societies. A software tool is developed that employs a data-driven approach involving the use of word embeddings, dimensionality reduction, clustering, and word importance. A large dataset comprising 175 K research articles was created from the Scopus database, and after analysis, 29 distinct parameters related to the service sector were identified and grouped into 6 macro-parameters: smart society and infrastructure, digital transformation, service lifecycle management, and others. The analysis of over 112 K tweets collected from Saudi Arabia identified 11 parameters categorized into 2 macro-parameters: private sector services and government services. The software tool was used to generate a knowledge structure, taxonomy, and framework for the service sector, in addition to a detailed literature review based on over 300 research articles. The conclusions highlight the significant theoretical and practical implications of the presented study for autonomous capabilities in systems, which can contribute to the development of sustainable, responsible, and smarter economies and societies.

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Trade and information policy

Braman

1990

Media, Culture & Society

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Service Economies in Europe

Cited by 5 publications

References 0 publications

Drivers of Growth and Catch-up in the Tourism Sector of Industrialized Economies

Drivers of Growth and Catch-up in the Tourism Sector of Industrialized Economies

Autonomous and Sustainable Service Economies: Data-Driven Optimization of Design and Operations through Discovery of Multi-Perspective Parameters

Trade and information policy

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