Measuring Services Trade Liberalization and Its Impact on Economic Growth : An Illustration
The authors explain how the output growth effect from liberalizing the service sectors differs from the effect from liberalizing trade in goods. They also suggest using a policy-based rather than outcome-based measure of the openness of a country&#...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2001/08/1561490/measuring-services-trade-liberalization-impact-economic-growth-illustration http://hdl.handle.net/10986/19568 |
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okr-10986-195682021-04-23T14:03:43Z Measuring Services Trade Liberalization and Its Impact on Economic Growth : An Illustration Mattoo, Aaditya Rathindran, Randeep Subramanian, Arvind ACCOUNTING PRINCIPLES AGRICULTURE ALLOCATIVE EFFICIENCY BANK REGULATION BANKING REGULATION BANKING SECTOR BANKING SERVICES BANKING SYSTEM BANKING SYSTEMS BARRIERS TO ENTRY BUSINESS SERVICES CAPITAL FORMATION CAPITAL GOODS CAPITAL MARKETS CD CONSUMER SURPLUS COUNTRY DATA DEVELOPED COUNTRIES DIRECT INVESTMENT ECONOMETRIC EVIDENCE ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC WELFARE ECONOMIES OF SCALE EMPIRICAL EVIDENCE EMPLOYMENT EQUILIBRIUM FACTORS OF PRODUCTION FINANCIAL DEVELOPMENT FINANCIAL PERFORMANCE FINANCIAL REGULATION FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEMS FOREIGN BANKS FORMAL ANALYSIS GDP GNP GROWTH MODELS GROWTH PERFORMANCE GROWTH RATE GROWTH RATES HEALTH SERVICES HUMAN CAPITAL IMPORTS INDUSTRIAL ECONOMIES INEFFICIENCY INFLATION INFLATION RATE INSTITUTIONAL QUALITY INTERMEDIATE GOODS INTERNATIONAL DEVELOPMENT INTERNATIONAL TRADE LEARNING LONG RUN GROWTH PERFORMANCE MACROECONOMIC IMBALANCES MACROECONOMIC VARIABLES MONOPOLY RENTS NATIONAL POLICIES NEW ENTRANTS POLITICAL STABILITY POSITIVE EFFECTS POSITIVE EXTERNALITIES PRIMARY EDUCATION PRIVATIZATION PRODUCTIVITY PURCHASING POWER PURCHASING POWER PARITY REAL GDP REGRESSION ANALYSIS REGULATORY QUALITY RESOURCE ALLOCATION SAVINGS SCALE EFFECT SCALE EFFECTS SOFTWARE DEVELOPMENT SYSTEMIC RISK TARIFF BARRIERS TECHNOLOGICAL PROGRESS TECHNOLOGY TRANSFER TELECOM SECTOR TELECOMMUNICATIONS TELECOMMUNICATIONS LIBERALIZATION TELECOMMUNICATIONS SECTOR TELECOMMUNICATIONS SERVICES TELEDENSITY THEORETICAL MODELS TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TRADE LIBERALIZATION TRADE POLICIES TRANSACTION COSTS TRANSACTIONS COSTS TRANSPORT The authors explain how the output growth effect from liberalizing the service sectors differs from the effect from liberalizing trade in goods. They also suggest using a policy-based rather than outcome-based measure of the openness of a country's service regime. They construct such openness measures for two key service sectors' basic telecommunications and financial services. Finally, the authors provide some econometric evidence--relatively strong for the financial sector and less strong, but nevertheless statistically significant, for the telecommunications sector--that openness in services influences long-run growth performance. Their estimates suggest that growth rates in countries with fully open telecommunications and financial services sectors are up to 1.5 percentage points higher than those in other countries. 2014-08-21T17:39:06Z 2014-08-21T17:39:06Z 2001-08 http://documents.worldbank.org/curated/en/2001/08/1561490/measuring-services-trade-liberalization-impact-economic-growth-illustration http://hdl.handle.net/10986/19568 English en_US Policy Research Working Paper;No. 2655 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING PRINCIPLES AGRICULTURE ALLOCATIVE EFFICIENCY BANK REGULATION BANKING REGULATION BANKING SECTOR BANKING SERVICES BANKING SYSTEM BANKING SYSTEMS BARRIERS TO ENTRY BUSINESS SERVICES CAPITAL FORMATION CAPITAL GOODS CAPITAL MARKETS CD CONSUMER SURPLUS COUNTRY DATA DEVELOPED COUNTRIES DIRECT INVESTMENT ECONOMETRIC EVIDENCE ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC WELFARE ECONOMIES OF SCALE EMPIRICAL EVIDENCE EMPLOYMENT EQUILIBRIUM FACTORS OF PRODUCTION FINANCIAL DEVELOPMENT FINANCIAL PERFORMANCE FINANCIAL REGULATION FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEMS FOREIGN BANKS FORMAL ANALYSIS GDP GNP GROWTH MODELS GROWTH PERFORMANCE GROWTH RATE GROWTH RATES HEALTH SERVICES HUMAN CAPITAL IMPORTS INDUSTRIAL ECONOMIES INEFFICIENCY INFLATION INFLATION RATE INSTITUTIONAL QUALITY INTERMEDIATE GOODS INTERNATIONAL DEVELOPMENT INTERNATIONAL TRADE LEARNING LONG RUN GROWTH PERFORMANCE MACROECONOMIC IMBALANCES MACROECONOMIC VARIABLES MONOPOLY RENTS NATIONAL POLICIES NEW ENTRANTS POLITICAL STABILITY POSITIVE EFFECTS POSITIVE EXTERNALITIES PRIMARY EDUCATION PRIVATIZATION PRODUCTIVITY PURCHASING POWER PURCHASING POWER PARITY REAL GDP REGRESSION ANALYSIS REGULATORY QUALITY RESOURCE ALLOCATION SAVINGS SCALE EFFECT SCALE EFFECTS SOFTWARE DEVELOPMENT SYSTEMIC RISK TARIFF BARRIERS TECHNOLOGICAL PROGRESS TECHNOLOGY TRANSFER TELECOM SECTOR TELECOMMUNICATIONS TELECOMMUNICATIONS LIBERALIZATION TELECOMMUNICATIONS SECTOR TELECOMMUNICATIONS SERVICES TELEDENSITY THEORETICAL MODELS TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TRADE LIBERALIZATION TRADE POLICIES TRANSACTION COSTS TRANSACTIONS COSTS TRANSPORT |
| spellingShingle |
ACCOUNTING PRINCIPLES AGRICULTURE ALLOCATIVE EFFICIENCY BANK REGULATION BANKING REGULATION BANKING SECTOR BANKING SERVICES BANKING SYSTEM BANKING SYSTEMS BARRIERS TO ENTRY BUSINESS SERVICES CAPITAL FORMATION CAPITAL GOODS CAPITAL MARKETS CD CONSUMER SURPLUS COUNTRY DATA DEVELOPED COUNTRIES DIRECT INVESTMENT ECONOMETRIC EVIDENCE ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC WELFARE ECONOMIES OF SCALE EMPIRICAL EVIDENCE EMPLOYMENT EQUILIBRIUM FACTORS OF PRODUCTION FINANCIAL DEVELOPMENT FINANCIAL PERFORMANCE FINANCIAL REGULATION FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEMS FOREIGN BANKS FORMAL ANALYSIS GDP GNP GROWTH MODELS GROWTH PERFORMANCE GROWTH RATE GROWTH RATES HEALTH SERVICES HUMAN CAPITAL IMPORTS INDUSTRIAL ECONOMIES INEFFICIENCY INFLATION INFLATION RATE INSTITUTIONAL QUALITY INTERMEDIATE GOODS INTERNATIONAL DEVELOPMENT INTERNATIONAL TRADE LEARNING LONG RUN GROWTH PERFORMANCE MACROECONOMIC IMBALANCES MACROECONOMIC VARIABLES MONOPOLY RENTS NATIONAL POLICIES NEW ENTRANTS POLITICAL STABILITY POSITIVE EFFECTS POSITIVE EXTERNALITIES PRIMARY EDUCATION PRIVATIZATION PRODUCTIVITY PURCHASING POWER PURCHASING POWER PARITY REAL GDP REGRESSION ANALYSIS REGULATORY QUALITY RESOURCE ALLOCATION SAVINGS SCALE EFFECT SCALE EFFECTS SOFTWARE DEVELOPMENT SYSTEMIC RISK TARIFF BARRIERS TECHNOLOGICAL PROGRESS TECHNOLOGY TRANSFER TELECOM SECTOR TELECOMMUNICATIONS TELECOMMUNICATIONS LIBERALIZATION TELECOMMUNICATIONS SECTOR TELECOMMUNICATIONS SERVICES TELEDENSITY THEORETICAL MODELS TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TRADE LIBERALIZATION TRADE POLICIES TRANSACTION COSTS TRANSACTIONS COSTS TRANSPORT Mattoo, Aaditya Rathindran, Randeep Subramanian, Arvind Measuring Services Trade Liberalization and Its Impact on Economic Growth : An Illustration |
| relation |
Policy Research Working Paper;No. 2655 |
| description |
The authors explain how the output
growth effect from liberalizing the service sectors differs
from the effect from liberalizing trade in goods. They also
suggest using a policy-based rather than outcome-based
measure of the openness of a country's service regime.
They construct such openness measures for two key service
sectors' basic telecommunications and financial
services. Finally, the authors provide some econometric
evidence--relatively strong for the financial sector and
less strong, but nevertheless statistically significant, for
the telecommunications sector--that openness in services
influences long-run growth performance. Their estimates
suggest that growth rates in countries with fully open
telecommunications and financial services sectors are up to
1.5 percentage points higher than those in other countries. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Mattoo, Aaditya Rathindran, Randeep Subramanian, Arvind |
| author_facet |
Mattoo, Aaditya Rathindran, Randeep Subramanian, Arvind |
| author_sort |
Mattoo, Aaditya |
| title |
Measuring Services Trade Liberalization and Its Impact on Economic Growth : An Illustration |
| title_short |
Measuring Services Trade Liberalization and Its Impact on Economic Growth : An Illustration |
| title_full |
Measuring Services Trade Liberalization and Its Impact on Economic Growth : An Illustration |
| title_fullStr |
Measuring Services Trade Liberalization and Its Impact on Economic Growth : An Illustration |
| title_full_unstemmed |
Measuring Services Trade Liberalization and Its Impact on Economic Growth : An Illustration |
| title_sort |
measuring services trade liberalization and its impact on economic growth : an illustration |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2001/08/1561490/measuring-services-trade-liberalization-impact-economic-growth-illustration http://hdl.handle.net/10986/19568 |
| _version_ |
1764440032947470336 |