The Impact of Trade in Services on Factor Incomes : Results from a Global Simulation Model

Indian gross domestic product per capita increased rapidly between 2001 and 2006 in a climate of increasing services trade, with the export-oriented services sector responsible for rising shares of growth in gross domestic product. Due to its contr...

Full description

Bibliographic Details
Main Author:	Ahmed, S. Amer
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCOUNTING ACCOUNTING STANDARDS AGRICULTURE BALANCE OF PAYMENTS BARRIERS TO TRADE BASE YEAR BENCHMARK BUSINESS SERVICES CAPITAL OWNERS CAPITAL STOCKS COMMODITIES COMMODITY COMMODITY PRICES COMMUNICATION TECHNOLOGY COMPARATIVE ADVANTAGE CONSTANT RETURNS TO SCALE CONSULTING SERVICES CONSUMER PRICE INDEX CONSUMERS COST STRUCTURE DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICIES DISTRIBUTION OF INCOME ECONOMIC BENEFITS ECONOMIC DEVELOPMENT ECONOMIC EQUILIBRIUM ECONOMIC GROWTH ECONOMIC OUTLOOK EGOVERNMENT ELASTICITY ELASTICITY OF SUBSTITUTION EMPLOYMENT EQUILIBRIUM EXCHANGE RATE EXPORT DEMAND EXPORT GROWTH EXPORT VOLUME EXPORTS FACTORS OF PRODUCTION FINANCIAL SERVICES FOREIGN DIRECT INVESTMENT GDP GDP PER CAPITA GENERAL EQUILIBRIUM GENERAL EQUILIBRIUM MODEL GLOBAL ECONOMY GLOBAL OUTPUT GLOBAL TRADE GLOBALIZATION GROSS DOMESTIC PRODUCT GROSS DOMESTIC PRODUCT PER CAPITA GROWTH RATES GROWTH THEORIES HUMAN CAPITAL IMPORT COST IMPORTS INCOME LEVELS INCOMES INEQUALITY INFLATION RATE INFORMATION TECHNOLOGY INSURANCE INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL FLOWS INTERNATIONAL ECONOMICS INTERNATIONAL ECONOMY INTERNATIONAL MARKET LABOR COSTS LABOR FORCE LABOR MARKET LIBERALIZATION MANPOWER MANUFACTURING INDUSTRIES MARGINAL COST MARGINAL COST OF PRODUCTION MARGINAL REVENUE NATIONAL INCOME NONTARIFF TRADE BARRIERS OCCUPATIONS OUTPUTS OUTSOURCING PRODUCT DIFFERENTIATION PRODUCTION FUNCTIONS PRODUCTION PROCESS PRODUCTION STRUCTURE PRODUCTION STRUCTURES PRODUCTIVITY RAPID ECONOMIC GROWTH REAL ESTATE REAL GDP REPUTATION SAVINGS SKILLED LABOR SKILLED WORKER SKILLED WORKERS SOFTWARE DEVELOPMENT STATISTICAL ANALYSES SUSTAINABLE DEVELOPMENT TECHNOLOGICAL ADVANCES TECHNOLOGICAL INNOVATIONS TELECOMMUNICATIONS TOTAL OUTPUT TRADE BARRIERS TRADE DATA TRADE FORUM TRADE IN SERVICES TRADE MODELS TRADE PROTECTION TRADE SURPLUS TRADES TRANSACTIONS COSTS UNSKILLED LABOR UNSKILLED WORKERS VALUE ADDED WAGE INCREASES WAGES WORLD ECONOMY
Online Access:	http://documents.worldbank.org/curated/en/2009/12/11508556/impact-trade-services-factor-incomes-results-global-simulation-model http://hdl.handle.net/10986/19958

id	okr-10986-19958
recordtype	oai_dc
spelling	okr-10986-199582021-04-23T14:03:52Z The Impact of Trade in Services on Factor Incomes : Results from a Global Simulation Model Ahmed, S. Amer ACCOUNTING ACCOUNTING STANDARDS AGRICULTURE BALANCE OF PAYMENTS BARRIERS TO TRADE BASE YEAR BENCHMARK BUSINESS SERVICES CAPITAL OWNERS CAPITAL STOCKS COMMODITIES COMMODITY COMMODITY PRICES COMMUNICATION TECHNOLOGY COMPARATIVE ADVANTAGE CONSTANT RETURNS TO SCALE CONSULTING SERVICES CONSUMER PRICE INDEX CONSUMERS COST STRUCTURE DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICIES DISTRIBUTION OF INCOME ECONOMIC BENEFITS ECONOMIC DEVELOPMENT ECONOMIC EQUILIBRIUM ECONOMIC GROWTH ECONOMIC OUTLOOK EGOVERNMENT ELASTICITY ELASTICITY OF SUBSTITUTION EMPLOYMENT EQUILIBRIUM EXCHANGE RATE EXPORT DEMAND EXPORT GROWTH EXPORT VOLUME EXPORTS FACTORS OF PRODUCTION FINANCIAL SERVICES FOREIGN DIRECT INVESTMENT GDP GDP PER CAPITA GENERAL EQUILIBRIUM GENERAL EQUILIBRIUM MODEL GLOBAL ECONOMY GLOBAL OUTPUT GLOBAL TRADE GLOBALIZATION GROSS DOMESTIC PRODUCT GROSS DOMESTIC PRODUCT PER CAPITA GROWTH RATES GROWTH THEORIES HUMAN CAPITAL IMPORT COST IMPORTS INCOME LEVELS INCOMES INEQUALITY INFLATION RATE INFORMATION TECHNOLOGY INSURANCE INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL FLOWS INTERNATIONAL ECONOMICS INTERNATIONAL ECONOMY INTERNATIONAL MARKET LABOR COSTS LABOR FORCE LABOR MARKET LIBERALIZATION MANPOWER MANUFACTURING INDUSTRIES MARGINAL COST MARGINAL COST OF PRODUCTION MARGINAL REVENUE NATIONAL INCOME NONTARIFF TRADE BARRIERS OCCUPATIONS OUTPUTS OUTSOURCING PRODUCT DIFFERENTIATION PRODUCTION FUNCTIONS PRODUCTION PROCESS PRODUCTION STRUCTURE PRODUCTION STRUCTURES PRODUCTIVITY RAPID ECONOMIC GROWTH REAL ESTATE REAL GDP REPUTATION SAVINGS SKILLED LABOR SKILLED WORKER SKILLED WORKERS SOFTWARE DEVELOPMENT STATISTICAL ANALYSES SUSTAINABLE DEVELOPMENT TECHNOLOGICAL ADVANCES TECHNOLOGICAL INNOVATIONS TELECOMMUNICATIONS TOTAL OUTPUT TRADE BARRIERS TRADE DATA TRADE FORUM TRADE IN SERVICES TRADE MODELS TRADE PROTECTION TRADE SURPLUS TRADES TRANSACTIONS COSTS UNSKILLED LABOR UNSKILLED WORKERS VALUE ADDED WAGE INCREASES WAGES WORLD ECONOMY Indian gross domestic product per capita increased rapidly between 2001 and 2006 in a climate of increasing services trade, with the export-oriented services sector responsible for rising shares of growth in gross domestic product. Due to its contribution to aggregate economic growth, there is a great need for empirical examination of the distributional consequences of this growth, especially in light of the challenges in obtaining theoretical solutions that can be generalized. This paper fills this gap in the literature by using a global simulation model to examine how sensitive factor incomes across different industries may have been to the historical changes in India's services exports and imports, and provides insight on the distribution of the national income growth attributable to the expansion of the services industry. Rent on capital in the service sector and wages of all workers would have increased as a result of greater services trade in this period, while income from capital specific to agriculture and manufacturing would have declined. The factors involved with the urban-based services sector may thus benefit from the services trade growth, while the total factor income involved in rural agriculture may decline. 2014-09-02T21:52:00Z 2014-09-02T21:52:00Z 2009-12 http://documents.worldbank.org/curated/en/2009/12/11508556/impact-trade-services-factor-incomes-results-global-simulation-model http://hdl.handle.net/10986/19958 English en_US Policy Research Working Paper;No. 5155 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 South Asia
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 ACCOUNTING STANDARDS AGRICULTURE BALANCE OF PAYMENTS BARRIERS TO TRADE BASE YEAR BENCHMARK BUSINESS SERVICES CAPITAL OWNERS CAPITAL STOCKS COMMODITIES COMMODITY COMMODITY PRICES COMMUNICATION TECHNOLOGY COMPARATIVE ADVANTAGE CONSTANT RETURNS TO SCALE CONSULTING SERVICES CONSUMER PRICE INDEX CONSUMERS COST STRUCTURE DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICIES DISTRIBUTION OF INCOME ECONOMIC BENEFITS ECONOMIC DEVELOPMENT ECONOMIC EQUILIBRIUM ECONOMIC GROWTH ECONOMIC OUTLOOK EGOVERNMENT ELASTICITY ELASTICITY OF SUBSTITUTION EMPLOYMENT EQUILIBRIUM EXCHANGE RATE EXPORT DEMAND EXPORT GROWTH EXPORT VOLUME EXPORTS FACTORS OF PRODUCTION FINANCIAL SERVICES FOREIGN DIRECT INVESTMENT GDP GDP PER CAPITA GENERAL EQUILIBRIUM GENERAL EQUILIBRIUM MODEL GLOBAL ECONOMY GLOBAL OUTPUT GLOBAL TRADE GLOBALIZATION GROSS DOMESTIC PRODUCT GROSS DOMESTIC PRODUCT PER CAPITA GROWTH RATES GROWTH THEORIES HUMAN CAPITAL IMPORT COST IMPORTS INCOME LEVELS INCOMES INEQUALITY INFLATION RATE INFORMATION TECHNOLOGY INSURANCE INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL FLOWS INTERNATIONAL ECONOMICS INTERNATIONAL ECONOMY INTERNATIONAL MARKET LABOR COSTS LABOR FORCE LABOR MARKET LIBERALIZATION MANPOWER MANUFACTURING INDUSTRIES MARGINAL COST MARGINAL COST OF PRODUCTION MARGINAL REVENUE NATIONAL INCOME NONTARIFF TRADE BARRIERS OCCUPATIONS OUTPUTS OUTSOURCING PRODUCT DIFFERENTIATION PRODUCTION FUNCTIONS PRODUCTION PROCESS PRODUCTION STRUCTURE PRODUCTION STRUCTURES PRODUCTIVITY RAPID ECONOMIC GROWTH REAL ESTATE REAL GDP REPUTATION SAVINGS SKILLED LABOR SKILLED WORKER SKILLED WORKERS SOFTWARE DEVELOPMENT STATISTICAL ANALYSES SUSTAINABLE DEVELOPMENT TECHNOLOGICAL ADVANCES TECHNOLOGICAL INNOVATIONS TELECOMMUNICATIONS TOTAL OUTPUT TRADE BARRIERS TRADE DATA TRADE FORUM TRADE IN SERVICES TRADE MODELS TRADE PROTECTION TRADE SURPLUS TRADES TRANSACTIONS COSTS UNSKILLED LABOR UNSKILLED WORKERS VALUE ADDED WAGE INCREASES WAGES WORLD ECONOMY
spellingShingle	ACCOUNTING ACCOUNTING STANDARDS AGRICULTURE BALANCE OF PAYMENTS BARRIERS TO TRADE BASE YEAR BENCHMARK BUSINESS SERVICES CAPITAL OWNERS CAPITAL STOCKS COMMODITIES COMMODITY COMMODITY PRICES COMMUNICATION TECHNOLOGY COMPARATIVE ADVANTAGE CONSTANT RETURNS TO SCALE CONSULTING SERVICES CONSUMER PRICE INDEX CONSUMERS COST STRUCTURE DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICIES DISTRIBUTION OF INCOME ECONOMIC BENEFITS ECONOMIC DEVELOPMENT ECONOMIC EQUILIBRIUM ECONOMIC GROWTH ECONOMIC OUTLOOK EGOVERNMENT ELASTICITY ELASTICITY OF SUBSTITUTION EMPLOYMENT EQUILIBRIUM EXCHANGE RATE EXPORT DEMAND EXPORT GROWTH EXPORT VOLUME EXPORTS FACTORS OF PRODUCTION FINANCIAL SERVICES FOREIGN DIRECT INVESTMENT GDP GDP PER CAPITA GENERAL EQUILIBRIUM GENERAL EQUILIBRIUM MODEL GLOBAL ECONOMY GLOBAL OUTPUT GLOBAL TRADE GLOBALIZATION GROSS DOMESTIC PRODUCT GROSS DOMESTIC PRODUCT PER CAPITA GROWTH RATES GROWTH THEORIES HUMAN CAPITAL IMPORT COST IMPORTS INCOME LEVELS INCOMES INEQUALITY INFLATION RATE INFORMATION TECHNOLOGY INSURANCE INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL FLOWS INTERNATIONAL ECONOMICS INTERNATIONAL ECONOMY INTERNATIONAL MARKET LABOR COSTS LABOR FORCE LABOR MARKET LIBERALIZATION MANPOWER MANUFACTURING INDUSTRIES MARGINAL COST MARGINAL COST OF PRODUCTION MARGINAL REVENUE NATIONAL INCOME NONTARIFF TRADE BARRIERS OCCUPATIONS OUTPUTS OUTSOURCING PRODUCT DIFFERENTIATION PRODUCTION FUNCTIONS PRODUCTION PROCESS PRODUCTION STRUCTURE PRODUCTION STRUCTURES PRODUCTIVITY RAPID ECONOMIC GROWTH REAL ESTATE REAL GDP REPUTATION SAVINGS SKILLED LABOR SKILLED WORKER SKILLED WORKERS SOFTWARE DEVELOPMENT STATISTICAL ANALYSES SUSTAINABLE DEVELOPMENT TECHNOLOGICAL ADVANCES TECHNOLOGICAL INNOVATIONS TELECOMMUNICATIONS TOTAL OUTPUT TRADE BARRIERS TRADE DATA TRADE FORUM TRADE IN SERVICES TRADE MODELS TRADE PROTECTION TRADE SURPLUS TRADES TRANSACTIONS COSTS UNSKILLED LABOR UNSKILLED WORKERS VALUE ADDED WAGE INCREASES WAGES WORLD ECONOMY Ahmed, S. Amer The Impact of Trade in Services on Factor Incomes : Results from a Global Simulation Model
geographic_facet	South Asia
relation	Policy Research Working Paper;No. 5155
description	Indian gross domestic product per capita increased rapidly between 2001 and 2006 in a climate of increasing services trade, with the export-oriented services sector responsible for rising shares of growth in gross domestic product. Due to its contribution to aggregate economic growth, there is a great need for empirical examination of the distributional consequences of this growth, especially in light of the challenges in obtaining theoretical solutions that can be generalized. This paper fills this gap in the literature by using a global simulation model to examine how sensitive factor incomes across different industries may have been to the historical changes in India's services exports and imports, and provides insight on the distribution of the national income growth attributable to the expansion of the services industry. Rent on capital in the service sector and wages of all workers would have increased as a result of greater services trade in this period, while income from capital specific to agriculture and manufacturing would have declined. The factors involved with the urban-based services sector may thus benefit from the services trade growth, while the total factor income involved in rural agriculture may decline.
format	Publications & Research :: Policy Research Working Paper
author	Ahmed, S. Amer
author_facet	Ahmed, S. Amer
author_sort	Ahmed, S. Amer
title	The Impact of Trade in Services on Factor Incomes : Results from a Global Simulation Model
title_short	The Impact of Trade in Services on Factor Incomes : Results from a Global Simulation Model
title_full	The Impact of Trade in Services on Factor Incomes : Results from a Global Simulation Model
title_fullStr	The Impact of Trade in Services on Factor Incomes : Results from a Global Simulation Model
title_full_unstemmed	The Impact of Trade in Services on Factor Incomes : Results from a Global Simulation Model
title_sort	impact of trade in services on factor incomes : results from a global simulation model
publisher	World Bank, Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2009/12/11508556/impact-trade-services-factor-incomes-results-global-simulation-model http://hdl.handle.net/10986/19958
_version_	1764444159696961536

The Impact of Trade in Services on Factor Incomes : Results from a Global Simulation Model

Similar Items