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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| Format: | Policy Research Working Paper |
| Language: | English |
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2012
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| 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 |
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okr-10986-33722021-04-23T14:02:09Z Service Export Sophistication and Economic Growth Mishra, Saurabh Lundstrom, Susanna Anand, Rahul 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 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. 2012-03-19T18:01:15Z 2012-03-19T18:01:15Z 2011-03-01 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 English Policy Research working paper ; no. WPS 5606 3429 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region The World Region |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
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 |
| spellingShingle |
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 Mishra, Saurabh Lundstrom, Susanna Anand, Rahul Service Export Sophistication and Economic Growth |
| geographic_facet |
The World Region The World Region |
| relation |
Policy Research working paper ; no. WPS 5606 |
| description |
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. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Mishra, Saurabh Lundstrom, Susanna Anand, Rahul |
| author_facet |
Mishra, Saurabh Lundstrom, Susanna Anand, Rahul |
| author_sort |
Mishra, Saurabh |
| title |
Service Export Sophistication and Economic Growth |
| title_short |
Service Export Sophistication and Economic Growth |
| title_full |
Service Export Sophistication and Economic Growth |
| title_fullStr |
Service Export Sophistication and Economic Growth |
| title_full_unstemmed |
Service Export Sophistication and Economic Growth |
| title_sort |
service export sophistication and economic growth |
| publishDate |
2012 |
| url |
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 |
| _version_ |
1764386875877883904 |