Trade Facilitation in Services : Concepts and Empirical Importance

This paper examines the concept of trade facilitation in services from the perspective of the recent literature on the determinants of services trade. The aim is to conceptualize trade facilitation in this area as a dimension of international integ...

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Main Authors:	van der Marel, Erik, Shepherd, Ben
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	SERVICES TRADE TRADE IN SERVICES TRADE RESTRICTIONS RESTRICTIVENESS GOVERNANCE TRADE FACILITATION MARKET ACCESS GRAVITY MODEL
Online Access:	http://documents.worldbank.org/curated/en/240651588871781592/Trade-Facilitation-in-Services-Concepts-and-Empirical-Importance http://hdl.handle.net/10986/33743

id	okr-10986-33743
recordtype	oai_dc
spelling	okr-10986-337432022-09-20T00:11:15Z Trade Facilitation in Services : Concepts and Empirical Importance van der Marel, Erik Shepherd, Ben SERVICES TRADE TRADE IN SERVICES TRADE RESTRICTIONS RESTRICTIVENESS GOVERNANCE TRADE FACILITATION MARKET ACCESS GRAVITY MODEL This paper examines the concept of trade facilitation in services from the perspective of the recent literature on the determinants of services trade. The aim is to conceptualize trade facilitation in this area as a dimension of international integration beyond the baseline restrictiveness of policy, as captured by indicators of discriminatory market access. The analysis focuses on the role of governance structures, institutions, and transparency in shaping the environment for trading in services internationally. In addition to examining these factors, the paper provides some novel empirical estimates. Using a gravity model, the analysis finds that the ad valorem equivalents of common measures of institutional quality, governance, and transparency are larger relative to measures of sheer policy restrictiveness, frequently a significant multiple. The paper also shows that the ad valorem equivalents of data restrictions are of similar magnitude to policy restrictions in services. The conclusion is that framing discussions of trade facilitation in services around the concept of reducing trade costs -- specifically those stemming from areas where improvement is needed in governance, institutions, and transparency -- could potentially bring significant benefits in increased integration of the global services economy. 2020-05-14T14:13:54Z 2020-05-14T14:13:54Z 2020-05 Working Paper http://documents.worldbank.org/curated/en/240651588871781592/Trade-Facilitation-in-Services-Concepts-and-Empirical-Importance http://hdl.handle.net/10986/33743 English Policy Research Working Paper;No. 9234 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	SERVICES TRADE TRADE IN SERVICES TRADE RESTRICTIONS RESTRICTIVENESS GOVERNANCE TRADE FACILITATION MARKET ACCESS GRAVITY MODEL
spellingShingle	SERVICES TRADE TRADE IN SERVICES TRADE RESTRICTIONS RESTRICTIVENESS GOVERNANCE TRADE FACILITATION MARKET ACCESS GRAVITY MODEL van der Marel, Erik Shepherd, Ben Trade Facilitation in Services : Concepts and Empirical Importance
relation	Policy Research Working Paper;No. 9234
description	This paper examines the concept of trade facilitation in services from the perspective of the recent literature on the determinants of services trade. The aim is to conceptualize trade facilitation in this area as a dimension of international integration beyond the baseline restrictiveness of policy, as captured by indicators of discriminatory market access. The analysis focuses on the role of governance structures, institutions, and transparency in shaping the environment for trading in services internationally. In addition to examining these factors, the paper provides some novel empirical estimates. Using a gravity model, the analysis finds that the ad valorem equivalents of common measures of institutional quality, governance, and transparency are larger relative to measures of sheer policy restrictiveness, frequently a significant multiple. The paper also shows that the ad valorem equivalents of data restrictions are of similar magnitude to policy restrictions in services. The conclusion is that framing discussions of trade facilitation in services around the concept of reducing trade costs -- specifically those stemming from areas where improvement is needed in governance, institutions, and transparency -- could potentially bring significant benefits in increased integration of the global services economy.
format	Working Paper
author	van der Marel, Erik Shepherd, Ben
author_facet	van der Marel, Erik Shepherd, Ben
author_sort	van der Marel, Erik
title	Trade Facilitation in Services : Concepts and Empirical Importance
title_short	Trade Facilitation in Services : Concepts and Empirical Importance
title_full	Trade Facilitation in Services : Concepts and Empirical Importance
title_fullStr	Trade Facilitation in Services : Concepts and Empirical Importance
title_full_unstemmed	Trade Facilitation in Services : Concepts and Empirical Importance
title_sort	trade facilitation in services : concepts and empirical importance
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/240651588871781592/Trade-Facilitation-in-Services-Concepts-and-Empirical-Importance http://hdl.handle.net/10986/33743
_version_	1764479421905895424

Trade Facilitation in Services : Concepts and Empirical Importance

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