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Technology and international skill demand

Machin, S.J.; (2001) Technology and international skill demand. In: ten Raa, T. and Schettkat, R., (eds.) The Growth of Service Industries: The Paradox of Exploding Costs and Persistent Demand. (pp. 67-86). Edward Elgar Publishing: Cheltenham, UK.

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Book description: Problems arise if budgets for services are held constant whilst prices rise. Education, cultural activities and health services are under constant budgetary pressure. The authors argue that the price of commodities is linked to demand and price increases would therefore seem to threaten the very existence of these services. The paradox of these services is that in spite of their exploding costs, demand persists. Policymakers struggle with the problematic question of whether to limit public service budgets as costs for their provision rise. The service sectors of advanced economies are surprisingly vigorous – the employment of an ever increasing share of the labour force is one phenomenon. Economists are perplexed by the interplay of slow service and fast goods productivity growth and wonder why the demand for services is so persistent. The Growth of Service Industries is intended for use by both policymakers and economists and serves as a useful introduction to service productivity analysis.

Type: Book chapter
Title: Technology and international skill demand
ISBN-13: 9781840644227
Publisher version: http://www.e-elgar-economics.com/Bookentry_DESCRIP...
Language: English
UCL classification: UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of SandHS > Dept of Economics
URI: http://discovery.ucl.ac.uk/id/eprint/17007
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