Series: IMF Working Papers
Author(s): Constant Lonkeng Ngouana
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 February 2013
Keywords: Dynamic general equilibrium, Indivisible labor, Output volatility, Service sector, Structural transformation, employment share, labor productivities, Macroeconomic Analyses of Economic Development,
This paper finds a negative relationship between the employment share of the service sector and the volatility of aggregate output in the OECD-after controlling for the level of financial development. This result r...