Relative Prices and Sectoral Productivity

The relative price of services rises with development. A standard interpretation of this fact is that productivity differences across countries are larger in manufacturing than in services. The service sector comprises heterogeneous categories. We document that many disaggregated service伴随经济发展进程，服务业的相对价格逐步上升。针对该现象的主流解释认为，各国间制造业的生产率差异显著大于服务业。服务业部门涵盖异质性细分类别，我们针对诸多细分服务业展开了相关记录。