The Association between the Internet and Service Trade in the U.S.: A Panel Data Evidence

• 영문명: The Association between the Internet and Service Trade in the U.S.: A Panel Data Evidence
• 발행기관: 위기관리 이론과 실천
• 저자명: 강명주(Myeong Joo Kang)
• 간행물 정보: 『JSCM(Journal of Safety and Crisis Management)』Vol.14 No.1, 28~38쪽, 전체 11쪽
• 주제분류: 사회과학 > 행정학
• 파일형태: PDF
• 발행일자: 2024.01.30

영문 초록

The development of the internet has reduced transaction costs for a several decades in international trade and consequently it facilitates trade in services. In this perspective, the study used panel data for the U.S. and its 37 trading countries from 2006 to 2021. This study empirically examines the impact of the development of the internet on service trade, service exports and service imports respectively by utilizing the gravity type model of trade. Regression results show that the internet has played an import role on accelerating service trade in the U.S. First, the results indicate that the development of the internet has positive and significant effects on service trade, service exports and imports. Secondly, the measured effect of the internet on the service exports is bigger than that of its effect on service trade and service imports. From this result, it can be seen that the development of the internet has contributed more to the increase in service exports than compared to that of service imports in the U.S. Consequently, this result provides the direction of government policy insight for the future to promote more service trade and in turn lead to more service account surplus in the U.S.

목차

Introduction

Literature Review

Empirical Model and Data

Empirical Evidence and Discussion

Concluding Remarks

References

키워드

service trade gravity model internet co-integration test pooled OLS. the U.S.