Joseph Kaboski  – Growth in the Service Sector
Channel: HKUST Institute for Emerging Market Studies (IEMS)
Date: 2017-08-02

Joseph Kaboski discusses his research findings indicating that the service sector growth in advanced economies such as the US is due almost entirely to the growth of high-skill services and employment such as medicine, legal services, and financial services.  Such growth in the service sector of a country appears to be common across the majority of developed economies.  Poorer countries should anticipate an inevitable growth in high-skill services followed by dramatic increases in their general service sectors.

Prof. Kaboski is the David F. and Erin M. Seng Foundation Professor of Economics in the Department of Economics at the University of Notre Dame and a Fellow of the Kellogg Institute. Find out more about the above-said conference at http://iems.ust.hk/urba