The Service Sector in Planned Economies of Eastern Europe: Past Experiences and Future Perspectives |
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Authors: | Gian Paolo Caselli Gabriele Bastrello |
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Affiliation: | Department of Political Economy , Universita Degli Studidi Modena , Via Giardini, 454, Modena, 41100, Italy |
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Abstract: | The widely shared view of service sector growth in Centrally Planned Economices (CPEs) is that it was hampered by the tremendous industrialisation effort which ‘crowded out ‘service sector employment and investment. After a brief discussion of western and eastern service sector theories, the authors try to show that while the crowding-out thesis is valid for the period of accelerated industrialisation, it cannot be so easily applied to the behaviour of all CPE countries during the post-war period as a whole. They show differentiated time-pattern of employment and investment growth. |
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