Globalization in Services: from Measurement to Analysis
AbstractThis paper provides new estimates of international trade in services for mode 3 (foreign affiliates’sales in a host country) for four major OECD countries, thanks to the harmonisation of FATS statistics with conventional international trade ones (trade recorded in the balances of payments – modes 1 and 2), using the CEPII’s exhaustive CHELEM-BAL database. The results show that sales by foreign affiliates abroad account for the bulk of international trade in services. Technological changes are speeding up the globalisation of the tertiary sector. These new areas of trade are still dominated by the Northern countries, whose service surpluses offset some of their declining competitiveness in manufacturing markets.
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Bibliographic InfoPaper provided by CEPII research center in its series Working Papers with number 2007-14.
Date of creation: Aug 2007
Date of revision:
SERVICES; INTERNATIONAL TRADE; SPECIALIZATION; FATS;
Find related papers by JEL classification:
- L80 - Industrial Organization - - Industry Studies: Services - - - General
- F10 - International Economics - - Trade - - - General
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-12-01 (All new papers)
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- Wim Suyker & Henri de Groot & P. Buitelaar, 2007. "India and the Dutch economy; stylised facts and prospects," CPB Document, CPB Netherlands Bureau for Economic Policy Analysis 155, CPB Netherlands Bureau for Economic Policy Analysis.
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