Measuring Services Trade Liberalization and Its Impact on Economic Growth: An Illustration

• 영문명: Measuring Services Trade Liberalization and Its Impact on Economic Growth: An Illustration
• 발행기관: 세종대학교 경제통합연구소
• 저자명: Aaditya Mattoo Randeep Rathindran Arvind Subramanian
• 간행물 정보: 『Journal of Economic Integration』제21권 제1호, 64~98쪽, 전체 35쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2006.03.31

영문 초록

The paper has three purposes. First, it explains how the impact of liberalization of service sectors on output growth differs from that of liberalization of trade in goods. Second, it suggests a policy-based rather than outcome-based measure of the openness of a country`s services regime. Such openness measures are constructed for two key service sectors, basic telecommunications and financial services. Finally, it provides some econometric evidence-relatively strong for the financial sector and less strong, but nevertheless statistically significant, for the telecommunications sector-that openness in services influences long run growth performance . Our estimates suggest that countries with fully open telecom and financial services sectors grow up to 1.5 percentage points faster than other countries.

목차

Ⅰ. Introduction

Ⅱ. The Static and Dynamic Benefits of Liberalising Trade in Services

Ⅲ. Review of Existing Literature on the Services – Growth Link

Ⅳ. Methodology and Data

Ⅴ. Empirical Evidence

Ⅵ. Conclusion and Further Research

키워드

Liberalization Economic Growth Services Regulation