Theoretical and Applied EconomicsReference:
Service sector: the contribution to economic growth and employment characteristics over the period of 2000’s
Abstract.The subject of this research is the state and dynamics of the development of tertiary sector of the economy of the Russian Federation. Based on analysis of the data of the Russian Federal State Statistics Service (2000-20016), the author determines the development trends in service sector in accordance with the employment indexes, work performance and innovation activity. Service sector is also viewed from the perspective of the conditions of employment (formal, considering the size of organization; and informal, level of wages, and portion of highly efficient workplaces) in comparison with the primary and secondary sectors of the economy. The analysis is conducted with application of the Fisher-Clark three-sector model, separated into types of activities in accordance with the Russian National Classifier of Types of Economic Activity. A conclusion is made on the extensive pattern of development of service sector, which provides workplaces for the majority of population of the Russian Federation; however, the level of work performance, innovation activity and wages remains very low, despite the significant number of employees with degrees. The acquired data testifies to the insufficient use of the service sector potential for economic development, improvement of living standards of the population, and formation of human capital.
Keywords: the gross regional product, innovation activity, high-performance workplaces, economic activities, productivity, employment, the service sector, primary sector, secondary sector, tertiary sector
Article was received:13-07-2018
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