Contribution Of Service Sector Research Articles

Government Effectiveness Moderation On The Effect Of Per Capita Income And Exchange Rate On Goods And Services Tax Revenue In East Asia And Pacific

Taxes have been known as the main source of revenue in every country. Tax on Goods and Services is a clear example of how tax revenue can contribute as a source of government revenue. This type of tax has been implemented in more than 143 countries in the world under the name Goods and Services Tax (GST) or Value Added Tax (VAT), including developed and developing countries which are members of the East Asia and Pacific region. Over the past few years, the issue of GST has become a hot topic of discussion as an approach in fiscal policy to reduce the budget deficit. New challenges and risks arose in line with the efforts of policy makers to maintain and accelerate economic growth in the East Asia and Pacific region. Deglobalization, population aging, and climate change overshadow the prospects for economic growth in this region, which has initially developed rapidly through trade. This research contributes to presenting the results of empirical literature regarding the determinants of tax revenue on goods and services in 12 countries that are members of the East Asia and Pacific region during the 2010-2019 period. Through a quantitative approach and panel data regression analysis method, the results show that the dependent variable GST can be explained by the independent variables consisting of Per Capita Income (PCI) and Exchange Rate (EXCH) of 56.42%. Per Capita Income, Exchange Rate has a positive and significant effect on Goods and Services Tax revenue. Meanwhile, moderation by the Government Effectiveness variable weakens the influence of the two independent variables so that the PCI and EXCH coefficient values become negative. This study also uses the variable Service Sector Contribution to GDP (SERV) as a control variable.

The Impact of the Travel and Tourism Sector on the Growth of the National Economy

Purpose – This study aimed to examine the interrelationship between the economic development of the country and the development of tourism. This study strived to conceptually categories in TandT sectors recent reports in India and Indonesia. Methodology – This study employed secondary data involving United Nations (UN) and International Monetary Fund (IMF) reports and highly-rated peer-reviewed scientific journal articles. Systematic deductive reasoning was employed to perform UN and IMF report reviews. Findings– The service sector's contribution to the Gross Domestic Product (GDP) is denoted as a progress predictor. Therefore, organizations are required to adapt tactics and operations in SCs to address current dynamic settings, possibilities, and threats. An essential procedural element involved adequate partner choice in SC to organize and provide competitive package tours. High service sector contribution to the national economy implied industrial advancement. As developing nations, Indonesia and India encompass rapidly advancing service industries on a global scale. Economically, the travel and tourism (TandT) sector proved essential in facilitating GDP and employment opportunities while a competent workforce vitally affected industrial growth and development. In this vein, human resource development is a crucial industrial component. Research limitation/implications – This paper provides several important points that need further research in the future. Some points have been presented regarding the Integration of technological engines and important factors of basic engines in tourism. Originality/value– This study shows the interrelationship between the economic development of the country and the development of tourism. Tourism helps in revitalizing the supply chain sector, which directly affects economic and industrial development and vice versa. This is beneficial for both governments and those in the tourism and economic sectors to make joint and effective cooperation. This research also mentions many important points that may help them to revitalize this relationship.

RE-IMAGINING EMPLOYEE ENGAGEMENT WITH CHANGING TIMES : A QUALITATIVE PERSPECTIVE

An engaged workforce is a key to organizational success. Currently engagement is seen as another core competitive advantage for any organization and top management has shown a great interest in engaging their employees to retain talent in the organization as well as to improve satisfaction of employees along with service of clients. According to a report published by Forbes, employees, who do not feel engaged are more likely to resign from their jobs and highly engaged workforce is more likely to remain committed and motivated towards their employer. Contribution of Service Sector in India in terms of GDP at current prices is estimated to be Rs. 92.26 lakh crore in the year 2018-19, accounting for 54.40% of total GDP India as per the statistics issued by Ministry of Statistics and Programme Implementation (2018-2019). Management needs to acquire the understanding of factors driving engagement levels in their organization. The study aims to identify antecedents of employee engagement in current scenario with special reference to service sector by undertaking thorough review of literature and interviewing the HR managers. The antecedents derived are skill variety, feedback and autonomy (Bakker & Demerouti, 2008), Perceive Supervisory Support (Byrne, Peters, & Weston, 2016), (Zhong, 2016) , rewards and recognition, concern for employees, sense of ownership and social engagements etc. KEYWORDS: Antecedents, Culture, Employee Engagement, Fun Activities, Work Culture, Organizational Commitment, Oorganizational Policies

Economic and non-economic determinants of economic growth in Bangladesh: multivariate regression analysis

This study focuses on the scenario of the economic development of Bangladesh. The major objective of the study is to examine the economic and non-economic determinants of the economic growth of the country. This study employs the Multivariate OLS regression and GLM technique to explore the influences of those variables to the economic growth and development of the country. The empirical results show that agriculture, industry, and service sector contribution to real GDP are positive where industry and service sectors are statistically significant. The results of the economic determinant model illustrate that the capital, labor forces, imports, and total reserve of the country positively influence the economic development of the country which are significant also. The OLS estimation shows that coefficients of non-economic determinants such as control of corruption and bureaucratic quality are positively significant to influence the economy. The results also present that internal conflict, democratic accountability, and rule and order situation negatively affect the economic growth in Bangladesh. The GLM estimation shows the control of corruption, rule, and order also a positive effect on economic growth. These empirical findings are consistent with the exploratory analysis and practices.

Sectorial Output Growth and Commercial Bank Credit Nexus in Nigeria

This study investigates the nexus between sectorial output growth and commercial bank credit in Nigeria. Sectorial output growth was broken down into three different proxies which include production sector, Commercial sector and Service sector contribution to gross domestic product while bank credit to production sector, general commerce and service sector served as the independent variables which are used to proxy commercial bank credit. The study made use of secondary data obtained from Central Bank of Nigeria Statistical bulletin for the period 1981 to 2019. It employed Descriptive Statistics, Phillips-Perron (PP) Unit Root Test, Simple Regression Analysis and Granger Causality Test. The Granger Causality result showed that bi-directional causality is identified in the three models while there were positive and significant relationship between bank credit to production sector, general commerce, service sector and production sector contribution to gross domestic product, general commerce sector contribution to gross domestic product and service sector contribution to gross domestic product respectively. The paper therefore recommends that the regulatory authorities should prioritize more on increasing and easing the requirements needed from deficit spenders to secure credit from commercial banks in Nigeria.

Capital Market Performance and Sectoral Output Growth in Nigeria (1984-2016)

This study was carried out to investigate the effects of capital market performance on sectoral output growth in Nigeria within a temporal scope 1984-2018. The study was anchored on Ayodeji-Ajala (2018) capital market economic significance theorem; and as such, the independent variable, capital market performance, was measured by seven indicators, which are all-share index, market capitalization, number of listed equities, number of deals, stock market turnover, value of deals and value of transactions. However, to measure the dependent variable, sectoral output growth, five different models were developed, such that their respective dependent variables are contribution of agricultural sector to Gross Domestic Product (GDP), contribution of industrial sector to GDP, contribution of construction sector to GDP, contribution of trade sector to GDP, and contribution of service sector to GDP. With respect to these proxies, the study sourced annualized time-series data from the capital market bulletins of the Nigerian Securities and Exchange Commission and the statistical bulletins of the Central Bank of Nigeria, and estimated them using auto regressive distributed lad model. The study found that, on the effects of capital market performance on agricultural sector output, ASI, MCAP, VTRAN and NLE exerted significantly positive long-run effects on agricultural sector output in Nigeria. It, also, found that, on the effects of capital market performance on industrial sector output, MCAP and NOD exerted significantly positive long-run effects on industrial output in Nigeria. It, further, found that, on the effects of capital market performance on construction sector output, only MCAP exerted significantly positive long-run effects on construction sector output in Nigeria. Moreover, it found that, on the effects of capital market performance on trade sector output, only MCAP exerted significantly positive long-run effects on trade sector output in Nigeria while ASI, VTRAN and NOD exerted insignificantly positive long-run effects on it. Lastly, it found that, on the effects of capital market performance on service sector output, none of the capital market performance indicators exerted significantly positive long-run effects on service sector output in Nigeria. The study concluded that, capital market performance exerts heterogeneous long-run effects on sectoral output. It was, therefore, recommended that, government, at all levels, should focus more on agricultural development initiatives and strategies, as the sector manifests high tendency to respond significantly positively to capital market incitements in the long-run, much more that the sector is the largest employer of labour in Nigeria. Also, more government efforts, resources and attention should be geared toward the upgrading of market infrastructure, and toward the sanitization of Nigeria’s capital market against market infractions and insider abuses so as to boost the efficiency and liquidity performance of the market so that its effects can be noticeably felt on the industrial, construction, trade and service sectors of the economy.

Growth of Service Sector in Haryana

Over the last two decades, Haryana has emerged as one of the most prosperous states of Indian federation. The State has transformed itself from a State known for its agricultural production to a well rounded development State. Haryana’s growth and development trajectory has been progressive since its inception. Service sector boom along with sizeable industrialization has propelled a vertical increase in state per capita income. The key drivers of fast service sector in Haryana are -its well-developed physical infrastructure such as power, roads and railways and social infrastructure like education and health, growing IT sector, several projects such as KMP Expressway, DMIC Project, international cargo airport and SEZ. The structural change in Haryana has been in tune with the growth pattern of Indian economy and global economy in terms of changing shares of sectoral output in the State domestic product. The state economy has experienced a rise in the share of service sector. Service sector growth became the main driver of the growth process of the economy of Haryana. An analysis of the growth pattern of Service sector and sub sectoral growth behavior pattern in terms of output shares is essential to understand the role of Service sector in the economy of Haryana. Service Sector refers to multitude of activities which comprise of activities like Trade, Repair Services, Transportation, Hospitality, Entertainment, Communication, Health, Education, Support and Advisory Services.The part A of the paper discusses the growth profile of service Sector along with its sub sectors. Part B analyses the contribution of Service sector to growth in Haryana.

Strategic performance measurement system, organizational learning and service strategic alignment

PurposeConsidering the significant contribution of service sector of the whole contribution of the economics, this study aims to investigate the impact of strategic performance measurement sytstem (SPMS) on sustainability strategic outcomes in the industry through organizational learning and service strategic alignment.Design/methodology/approachUsing a survey study, 158 usable data were analysed using SmartPLS.FindingsThe results show that service strategic alignment and organizational learning mediate the relationship between SPMS and performance for product differentiation companies. For cost leadership companies, the results indicate that there is no mediation of service strategic alignment and organizational learning on the relationship between SPMS and performance.Research limitations/implicationsThis study first provides evidence that SPMS improves performance through service strategic alignment and organizational learning for product differentiation companies in which innovation is crucial to thrive and succeed. Second, it introduces to the literature the characteristics of SPMS.Originality/valueNew insights of implementation of SPMS in improving companies’ performance in Indonesian financial institutions are provided.

Analisis Faktor yang Berpengaruh terhadap Ketimpangan Pendapatan di Indonesia

This study aims to analyze what factors affect the income inequality in Indonesia. The method used in this research is to perform regression analysis of panel data using E-views 10. The variables used in this study are Gini Ratio as Y variable, while Local Revenue, General Allocation Fund, Capital Expenditure, Agricultural Sector Contribution, Contribution of Manufacturing Sector, Service Sector Contribution, Financial Sector Contribution, Domestic Investment and Foreign Investment as variable X. The province used in this research is 32 provinces. The result of the research, the variables that influence the decreasing inequality of income distribution are DAU, capital expenditure, contribution of agriculture sector, contribution of manufacturing sector and financial sector contribution. While PAD, service sector, PMDN and PMA, positively influence to increase inequality income distribution

Trade in Energy Services Under Different Regional Agreements BCIM, BIMSTEC 1, and ASEAN 4

Contribution of service sector among world is increasing over the years and playing a major role in world trade system. Service sectors in WTO are generally governed by General Agreement on trade in service (GATS) which formed in 1995. As trade facilitation agreement (TFA) in goods under WTO come into force, India also submitted legal draft document to multilateral body for creating multilateral agreement for services (WTO ministerial meeting in Argentina, Jan 2017). But in WTO, still GATS are ongoing issue under current Doha agenda for more liberalization in different service sectors specific issue through successive round of negotiation. In this paper authors try to depict definition of energy services based on related services associated with energy through different service trade database namely EBOPS, WTO service list and different CPC version. Authors try to project growth in total trade of energy services and evaluate competitive advantages in energy services among major economics like China, India, Japan and Korea. Authors try to map degree of energy service trade liberalization under three regional agreements (BCIM, BIMSTEC 1, ASEAN 4) through constructing a Hoekman (1995) index chart that showing existence of limitation on Market access and national treatment within this sector. So Primary objective of our study is to identify different commitments level for liberalization of energy services and evaluate similarities in commitment pattern of energy services by performing cluster analysis. Authors also evaluate potentialities of energy service trade among three regional blocks and to identify various challenges faced in energy service trade.

Jobless Growth in India's Service Sector: A Descriptive Study

The wave of Economic reforms appeared on India’s shores in 1991, much after china’s and other south East Asian countries such as Malaysia, Singapore and Hong Kong. Due to economic reforms, however delayed they were, Indian economy were able to brake the shackles of heavy protectionism and license raj. Economic reforms (1980s reforms and 1991 reforms) did bring out the economy from the shameful reference of so called “Hindu Growth rate” of witnessing almost stagnant 3.5% GDP growth rate. Since independence India being a country with a demographic reality which are both challenging and unique, has a perennial problem of providing employment to millions of job seekers. The other fact which is unique to India only is that service sector contribution into growth rate has risen sharply in the developing countries’ economies like India in nineties, and, therefore, have become a self propelling and dynamic sector in the accelerated growth in the economies.This study focuses on service sector as a vector of Indian globalization. The impact of new economic reforms which acted as a catalyst for service sector is to be reviewed as they opened door for the growth rate of the country and made India a destination of FDI inflow and out flow but that increased growth rate is not translated in providing employment to the millions.

India a service driven economy

Indian Economy is the fastest growing economy in the world. Indian Economy covers mainly three sectors Primary (Agriculture), Secondary (Industry) and Territory (Service) sector. Service Sector comprised of various service industries including warehousing and truck transportation services, information sector services, commodities, securities and other investment services, professional, technical and scientific services, waste management services, health care and social assistance services, and arts, entertainment and recreation services. Normally an economy shift from agriculture to manufacturing sector and then move to service sector. But India directly moves to Agrarian economy to service economy. In 1950, the agriculture sector's contribution in Indian GDP was 55% and Industry contribution was 15% and Service was 30%. But in 2015–16 Agriculture contribution in Indian GDP is 17.4% and service sector contribution in Indian GDP is 66.1%. After 1990 contribution of service sector in Indian GDP is increasing day by day. This paper mainly highlights the Service sector and it's Contribution, Reasons for the growth of service sector, Major FDI In Service sector, Leading Service sector in India.

FACTOR ANALYSIS OF HEALTHCARE SERVICE QUALITY IN MEDAN�S GOVERNMENT HOSPITAL

Ponte Academic JournalOct 2016, Volume 72, Issue 10 FACTOR ANALYSIS OF HEALTHCARE SERVICE QUALITY IN MEDAN�S GOVERNMENT HOSPITALAuthor(s): Prihatin Lumbanraja ,Arlina Nurbaity Lubis, Rodiah Rahmawaty Lubis, Beby Kendida HasibuanJ. Ponte - Oct 2016 - Volume 72 - Issue 10 doi: 10.21506/j.ponte.2016.10.11 Abstract:Service sector increases rapidly especially in Indonesia. This can be seen from the distribution of the percentage of Product Domestic Bruto (PDB) based on job vacancy showing that the service sector contribution approaches 50%. One of the service/care industries with rapid growth is healthcare service. It can be seen from the government plan year 2015-2016 to do healthcare reinforcement. Generally, healthcare is identically related to hospital. A hospital is a professional healthcare institution in which its service is provided by doctors, nurses, and other healthcare providers. Among the numerous competitions of hospital industries until now, there are still many people who choose to go overseas to get medication; this is related to the point of view that the quality of the domestic medical service is worse than what is provided in Singapore or Malaysia. This is indicated by the more sophisticated medical equipment and clearer operational procedure standard, so that the diagnosis can be faster and more accurate. It is estimated that each year there are �600.000 Indonesian people go to Malaysia and Singapore to get check-ups and �100.000 of them are from North Sumatera (Malaysia Tourism Board Medan, 2005). This research aims at identifying and analyzing the factors that influence the quality of healthcare in public hospitals in the town. This research employs the method of descriptive quantitative approach. The steps of the activities that will be conducted are 1. Identifying various indicators and dimensions of the quality of healthcare in the hospital using survey method and literature review. 2. Evaluating the indicators and dimensions using factor analysis. This factor analysis shows 12 factors forming that can explain 77.98% of the data variance. The twelve factors are factor 1 patient educational services, factor 2 staff professionalism, factor 3 food aspect, factor 4 assurance, factor 5 responsiveness and convenience services, factor 6 empathy, factor 7 cleanliness, factor 8 well educated staff, factor 9 patient trust, factor 10 reliability, factor 11 Parking area, factor 12 Patient privacy. However, the 11th and 12th factors cannot be stated as factors because they only cover less than three indicators, so that the service quality forming consists of ten factors only. Download full text:Check if you have access through your login credentials or your institution Username Password

Exploring Quality Management Practices and Its Pattern Analysis in Indian Service SMEs

Substantial research exists on quality management practices in context to large organisations with plethora of studies in manufacturing organisations while exiguously aiming service sector SMEs. As more and more organisations strive to remain competitive, the concepts and practices of quality management have received increased attention by Indian industry. The contribution of service sector in Indian economy has increased at a faster rate in comparison with other sectors. Considering the pressing need this research explores the literature for a near exhaustive list of practices in quality management by deploying qualitative and descriptive approach. Thereafter, twenty service organizations were surveyed for comprehending their adoption of the type of quality management practices. On the basis of their prioritization or apportioning weight to those practices, a descriptive pattern analysis has been deployed to detect perceived level of adoption/implementation of quality management practices. The findings represent that out of twenty one quality management practices; thirteen practices substantially have been ranked on priority while others require phenomenal acclimatization towards implementation in the Indian scenario. Analysis also reflects that the strength of service SMEs lies with customer focus, management leadership and customer feedback. Further with the integration of contextual factors, as supported by theory, a conceptual framework has been proposed exhibiting relationship between quality management practices with performance and growth. The methodological approach led to the emergence of unique dimensions culminating into new findings with both managerial and entrepreneurial implications. Directions for future scope of research and suggestions for improvement have also been recommended.

Contribution of Telecom Sector to Growth of Indian Service Sector: An Empirical Study

Service sector plays a vital role in boosting an economy thus it is important to understand the role and contribution of service sector to the growth of economy. For more than a decade the sector has been pulling up the growth of Indian economy with great stability. The share of services in India's GDP at factor cost (at current prices) increased from 33.3% (1950-1951) to 56.5% in 2012-13. The services performance of the top 15 countries for the 11 year period from 2001 to 2011 shows that the increase in share of services in GDP is the highest for India with 8.1 percentage points. Thus, the present paper is an attempt to examine the trend of growth of exports, imports of telecomm sector and its impact on the growth of telecom sector with the help of regression model.

Make in India through Manufacturing-Led Growth: Converging Reforms for Global Competitiveness

A globally competitive economy strives for a balanced growth in all sectors of economy. Over more than two decades, India's history of economic reforms is characterised by the service-driven growth, huge potential market and handsome demographic dividend yet the share of her world trade is still below one percentage point. Service sector contribution in GDP has crossed 60% but the manufacturing sector is still roaming around 15% of the GDP. The relativelyl agged ranking in Global Competitiveness Index (GCI) over the last 10 years has posed a serious question before the policy planners to devise a set of reforms in manufacturing sector for achieving balanced growth and improving competitiveness ranking. Although service-led economy has created employment opportunities to skilled people, the unskilled and semi-skilled population find it difficult to gain employment. The countries enjoying higher rankings on competitiveness index are better off in manufacturing leverage. The recent policy reforms by the government aim to address the skewed growth pattern and oriented towards achieving global competitiveness. Based on secondary data from authenticated publications, this paper is authored with an objective to review the policy pitfalls and government's initiative to boost manufacturing for achieving global competitiveness. The causes of lacklustre performance of manufacturing and convergence issues of the reforms have also been analysed.

A comparative study on customers perception on service quality in cooperative and nationalized banking sector with reference to coimbatore district in tamil nadu

Financial system is the most important institutional and functional vehicle for the economic transformation in the country. Banking sector is reckoned as the hub and barometer of the financial system. As a pillar of the economy, this sector plays a predominant role in the economic development of the country. The banking sector is considered as growth facilitator. In recent years, the banking industry around the world has been undergoing a rapid transformation.As India is moving towards a service economy marketers require knowing more about marketing service product. Service has increasingly assumed a vital position in the Indian Economy. There is a prospective market for services and increasing supremacy of services in economies contribution of service sector have drawn growing attention to the issues of the service sector.Quality has been recognized as a strategic tool for attaining efficiency and improved business performance. This paper includes the review of literature on service quality and behaviour intension and discussed in relation to each of the research question. The paper concludes with a summary and description of implication of the findings. The research has examined the customer service in banking sector in this paper under three major headings, viz.,pre sale service , product features, office services, Behavioural Response, post sale services and with regard to satisfaction on service quality on people, physical evidence and processes.

Development of Agriculture Sectorin Bangladesh: A Comparative Analysis

Among the economic sectors in Bangladesh, agriculture sector is the most important economic sector. The contribution of agriculture sector to GDP is about 22.25%. So, Agriculture sector influences the development of national economy. The research aims to analyze the comparative contribution of agriculture sector, the impediment factors in agriculture sector and to provide the recommendation for development of agriculture sector. A sample of ten years’ data is taken from 2000–01 to 2009–10 for analyzing the contribution of economic sectors and growth rate of each sector viz. service, industry and agriculture. The growth rate of agriculture sector (trend) is shown by graphical presentation. The average growth rate of agriculture sector has been compared with industry sector, service sector & total GDP using student's’ ‘t’ test. The average contribution of service sector, industry and agriculture sectors are 49.33%, 28.42%, 22.25% respectively. The growth rate of service sector, industry sector and agriculture sector are 6.17%, 7.49% and 3.21% respectively. For the given period the growth rate of agriculture sector is found to be lower than service sector and industry sector. The average employment in Agriculture, Industry, Service to total employment are 58.89%, 12.39% and 25.36% respectively. The paper provides the strategies for the development of agriculture sectors.

The Study of Trends in Life Insurance Sector and Growth of ULIPs in India

Recently continuous increasing in the contribution of Service Sector in GDP of Indian Economy, Life Insurance Sector is one of most important sector playing its role in the growth of Indian Economy. As Globalisation and Liberalisation has open the doors for foreign companies to enter in to this sector in India, of course through joint venture only, they have identified the potential of the Indian market. Thus numbers of new private companies have started their business in Life Insurance Sector and still numbers of companies are preparing to enter into this sector. IRDA is playing its crucial role in managing all this efficiently in interest of general public.In this scenario, Life Insurance sector has also faced downward growth rate as global melt down during year 2008-09. But now near about all problems have been settled in India and India's insurance sector is zooming to show an unprecedented progressive growth of more than 200% by the period of 2009-10. As Indian Stock market has also achieved stable growth in last more than six months, investment avenues based on it are also performing well afterwards. ULIPs have also shown its increased market-share, in the total insurance business. ULIPs are also well managed by IRDA well, even in terms of ceiling of total charges charged by Insurance companies. IRDA has established detailed guidelines with explanation of the terms used in it. Finally we can say about ULIPs that its performance can be identified by its NAV and its growth, which could be the important variable for the investors for their investment decision.

Foreign Direct Investment in India’s Service Sector: A Case of Education Sector

India, whose growth is explained with the major contribution of service sector in the past few years, had stressed upon quality education, and thus, started realizing the need of FDI in the sector. This is because of the reason that FDI, on the one hand, has equipped India with bunch of benefits, on the other, it has raised the need of skilled human resource to bring innovative, efficient and uninterrupted operations in distinct fields. However, the bitter part of the issue is that, even after being world-renowned in producing quality human resources, India had not been able to meet the demand-supply gap because of the obvious reason of shortage of higher education institutions. This has invoked the issue of opening the barriers of education sector for foreign players, not just to develop education facilities, but also, facilitation of quality education. The inception of idea had resulted in emergence of number of arguments in favour, as also, against this. Keeping this backdrop in mind, the paper attempts to highlight the issues associated to FDI scenario (in distinct ways) in service sector, focusing particularly on education sector; model reflecting association of quality education with distinct forms of environment, and resultant impact over economic growth. It further outlines various suggestive measures for allowing FDI in education sector and conclusions derived from the study.