Service Export Sophistication and Economic Growth

Service Export Sophistication and Economic Growth

Can increasing sophistication in service exports lead to economic growth? Although services were historically produced primarily for domestic consumption, they are gradually becoming more productive, tradable and unbundled. The authors construct an...

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Bibliographic Details
Main Authors: Mishra, Saurabh, Lundstrom, Susanna, Anand, Rahul
Format: Policy Research Working Paper
Language:English
Published: 2012
Subjects:
ACCOUNTING
AFFILIATES
AGRICULTURE
ASSET MANAGEMENT
ASSETS
AUDITING
CLASSICAL ECONOMISTS
COMMODITIES
COMMODITY
COMPARATIVE ADVANTAGE
COMPARATIVE ADVANTAGES
COMPETITIVENESS
DEMOCRATIC SOCIETY
DESCRIPTION
DEVELOPMENT POLICY
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC RESEARCH
ECONOMIES OF SCALE
ELASTICITY
EMPLOYMENT
EXPORT LED GROWTH
EXPORTS
FINANCIAL LEASING
FINANCIAL SERVICES
FOREIGN EXCHANGE
FREEDOM OF THE PRESS
FUTURE RESEARCH
GDP
GDP PER CAPITA
HUMAN CAPITAL
INCOME LEVELS
INDUSTRIAL ECONOMY
INDUSTRIALIZATION
INSURANCE
INTERNATIONAL TRADE
LABOR MARKET
LABOR MOBILITY
LEASING
LIBRARIES
LIVING STANDARDS
M2
MACROECONOMICS
MEDIA
MIDDLE INCOME COUNTRIES
MULTINATIONAL
PARTICIPATORY DEMOCRACY
PATENTS
PER CAPITA INCOME
PRODUCTIVITY
PROPERTY RIGHTS
PUBLIC POLICY
RENTALS
RULE OF LAW
STRUCTURAL CHANGE
TOTAL FACTOR PRODUCTIVITY
TOTAL FACTOR PRODUCTIVITY GROWTH
TOTAL OUTPUT
TRADE BARRIERS
TRADE LIBERALIZATION
TRANSPORT
VALUE ADDED
WORLD TRADE ORGANIZATION
WTO
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110322141057
http://hdl.handle.net/10986/3372
Description
Summary:Can increasing sophistication in service exports lead to economic growth? Although services were historically produced primarily for domestic consumption, they are gradually becoming more productive, tradable and unbundled. The authors construct an index of "service exports sophistication" to document this phenomenon. Panel data estimations indicate a positive association between growth in per capita income and higher sophistication of service exports. The results also suggest that this phenomenon is growing in importance over time. Considering the limits of traditional industrialization in igniting global growth, the results provide an alternative channel.

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