An Empirical Analysis of the Tertiary Sector Growth and Residents’ Employment and Income: Taking Sample Data from the 50 States in the U.S. from 2000 to 2020 as an Example

Kechun  Liu

doi:10.54691/bcpbm.v23i.1425

Authors

Kechun Liu

DOI:

https://doi.org/10.54691/bcpbm.v23i.1425

Keywords:

the tertiary sector output value, the service sector, residents’ employment, residents’ income, intercontinental panel, fixed-effect model.

Abstract

The tertiary sector has had a rapid growth in the U.S. This paper analyzes the relationship between the tertiary sector and residents’ employment and the relationship between the tertiary sector and per capita income. The data are collected from all 50 states in the U.S from 2000 to 2020. Empirical analysis, robustness test and heterogeneity analysis are applied to study the issues. The findings are: (1) the tertiary sector growth and the employment are positively related; (2) the relationship between the tertiary sector growth and per capita income is also positive; (3) the results vary from state to state.

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References

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