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Report
Modelling U.S. services trade flows: a cointegration-ECM approach
Viana, Sandra; Hung, Juann H. (1995)
The U.S. service surplus soared from near zero in 1985 to about $60 billion in 1992, offsetting about two thirds of the goods trade deficit. Could this merely reflect improvement in data collection? Or does this mean U.S. services industries are more competitive internationally than goods industries? Is the services surplus likely to continue to rise? This paper estimates a forecastable model of U.S. services trade to address the above questions. We find that data improvement actually had a negative net impact on the services surplus, since it affected imports more than exports. Instead, the ...
Research Paper , Paper 9518

Speech
Selling our services to the world (with an ode to Chicago)
Fisher, Richard W. (2008)
"The United States, like Chicago, can continue to prosper only if it faces economic change head-on, choosing to compete rather than retreat, seeking out new opportunities in a globalizing economy, where goods, services, money and ideas flow freely across international borders." ; Remarks before the Chicago Council on Global Affairs, Chicago, Illinois, April 17, 2008.
Speeches and Essays , Paper 29

Journal Article
Producer services: trends and prospects for the Seventh District
Testa, William A. (1992-05)
Economic Perspectives , Volume 16 , Issue May , Pages 19-28

Journal Article
The parts are more than the whole: separating goods and services to predict core inflation
Peach, Richard; Rich, Robert W.; Linder, M. Henry (2013-08)
Economists have not been altogether successful in their efforts to forecast ?core? inflation?an inflation measure that typically excludes volatile food and energy prices. One possible explanation is that the models used to make these forecasts fail to distinguish the forces influencing price changes in core services from those affecting price changes in core goods. While core services inflation depends on long-run inflation expectations and the degree of slack in the labor market, core goods inflation depends on short-run inflation expectations and import prices. By using a composite model ...
Current Issues in Economics and Finance , Volume 19 , Issue Aug

Report
Tests for measurement of service sector productivity
Englander, A. Steven (1989)
Research Paper , Paper 8906

Working Paper
Entry, exit and the determinants of market structure
Dunne, Timothy; Roberts, Mark J.; Xu, Daniel Yi; Klimek, Shawn D. (2009)
Market structure is determined by the entry and exit decisions of individual producers. These decisions are driven by expectations of future profits which, in turn, depend on the nature of competition within the market. In this paper we estimate a dynamic, structural model of entry and exit in an oligopolistic industry and use it to quantify the determinants of market structure and long-run firm values for two U.S. service industries, dentists and chiropractors. We find that entry costs faced by potential entrants, fixed costs faced by incumbent producers, and the toughness of short-run price ...
Working Papers (Old Series) , Paper 0907

Journal Article
Now and then: How different downturns affect the Southeast service sector
Sarma, Navnita; Robertson, John C. (2003-01)
The service sector has performed very differently in the recession that began in March 2001 than it did in the July 1990-March 1991 recession. Many service industries have performed poorly in the most recent downturn, demonstrating that the service sector may be less immune to negative economic shocks than is commonly assumed.
EconSouth , Volume 5 , Issue Q1 , Pages 8-13

Working Paper
Manufacturing's changeover to services in the Great Lakes economy
Testa, William A. (1989)
Working Paper Series, Regional Economic Issues , Paper 1989-21

Report
Opportunity knocks: selling our services to the world
Alm, Richard; Cox, W. Michael (2007)
Over the past century, the U.S. has developed a deep, diverse pool of skilled, productive and well-paid service providers.
Annual Report

Newsletter
Chicago's economic transformation from 1970 to 2000
Mahidhara, Ramamohan; Israilevich, Philip R.; Hewings, Geoffrey J. D. (1992-08)
Chicago Fed Letter , Issue Aug

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