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  • 11. Business Demographics, Volatility and Change in the Service Sector Archived
    Articles and reports: 63F0002X1998014
    Description:

    This article utilizes information on business startups and closures to examine change and volatility in the service economy. Industries on the cutting edge of technology experience more volatility and are also the fastest growing. Many firms enter the business services and communication industries to seize opportunities offered by technological advances but many are also forced out by the stiff competition. The information-intensive industries (software developers and advertising services firms) are almost twice as volatile as the knowledge-based industries. The latter have low business entry and exit rates because the amount of human capital required to set up a professional practice is large and takes years to acquire.

    Release date: 1998-11-20
  • 12. "Can I help you?": The rise in household spending on services Archived
    Articles and reports: 63-016-X19980023999
    Geography: Canada
    Description:

    Consumer expenditures by households are increasingly a driving force behind economic growth - not only for many individual industries, but also for the overall economy. In 1996, personal expenditures amounted to 58.3% of Canada's nominal gross domestic product (GDP), up from 56.6% in 1986. Aggregate consumer spending patterns are affected by several factors. Consumer tastes can shift over time, as new commodities are introduced and others become outdated. As well, changes in the demographic, economic and social characteristics of consumers can affect consumer decisions, as can shifts in the relative prices, utilities and quality levels of different goods and services.

    Release date: 1998-10-15
  • 13. Are jobs less stable in the services sector? Archived
    Articles and reports: 63-016-X19980024000
    Geography: Canada
    Description:

    It is common knowledge that the services sector has over the past few decades become the largest employer in Canada. From 1976 to 1996, the services industries have grown from 67% to 75% of employment, with most of this growth taking place in consumer and business services.

    Release date: 1998-10-15
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  • 11. Business Demographics, Volatility and Change in the Service Sector Archived
    Articles and reports: 63F0002X1998014
    Description:

    This article utilizes information on business startups and closures to examine change and volatility in the service economy. Industries on the cutting edge of technology experience more volatility and are also the fastest growing. Many firms enter the business services and communication industries to seize opportunities offered by technological advances but many are also forced out by the stiff competition. The information-intensive industries (software developers and advertising services firms) are almost twice as volatile as the knowledge-based industries. The latter have low business entry and exit rates because the amount of human capital required to set up a professional practice is large and takes years to acquire.

    Release date: 1998-11-20
  • 12. "Can I help you?": The rise in household spending on services Archived
    Articles and reports: 63-016-X19980023999
    Geography: Canada
    Description:

    Consumer expenditures by households are increasingly a driving force behind economic growth - not only for many individual industries, but also for the overall economy. In 1996, personal expenditures amounted to 58.3% of Canada's nominal gross domestic product (GDP), up from 56.6% in 1986. Aggregate consumer spending patterns are affected by several factors. Consumer tastes can shift over time, as new commodities are introduced and others become outdated. As well, changes in the demographic, economic and social characteristics of consumers can affect consumer decisions, as can shifts in the relative prices, utilities and quality levels of different goods and services.

    Release date: 1998-10-15
  • 13. Are jobs less stable in the services sector? Archived
    Articles and reports: 63-016-X19980024000
    Geography: Canada
    Description:

    It is common knowledge that the services sector has over the past few decades become the largest employer in Canada. From 1976 to 1996, the services industries have grown from 67% to 75% of employment, with most of this growth taking place in consumer and business services.

    Release date: 1998-10-15
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