Servicification of investment and structural transformation: The case of China
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DOI: 10.1016/j.chieco.2021.101621
Abstract: Structural transformation is a key feature of economic development. Traditional literature attributes it to changes in the sectoral composition of consumption. Different from it, we argue that the "servici fication" of investment goods, which is… read more here.
Keywords: technological change; investment; employment share; structural transformation ... See more keywords