Exports of Services: Indian Experience in Perspective
AbstractWe survey India's experience with exporting services. We show that the country's experience is unique in that modern tradable services are a significantly larger share of GDP than in other countries at comparable levels of economic development. This has not always been the case, however; India's out-performance is limited to recent years. Policy initiatives, from trade reform to liberalization of domestic industrial and service sectors, were important for jump-starting the process. Panel and country-specific regressions for a cross section of countries point to the importance of a range of additional factors: overall economic development, communications infrastructure, access to foreign technology, and spillovers between the merchandise and service exports. Importantly, however, these factors, jointly or individually, do not wipe out the significance of a dummy variable for India. India, evidently, is a significant outlier as an exporter of services, and even more so as the period proceeds.
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Bibliographic InfoPaper provided by National Institute of Public Finance and Policy in its series Working Papers with number 12/102.
Date of creation: Mar 2012
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Note: Working Paper 102, 2012
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Other versions of this item:
- Barry Eichengreen & Poonam Gupta, 2013. "Exports of services: Indian experience in perspective," Indian Growth and Development Review, Emerald Group Publishing, vol. 6(1), pages 35-60, March.
- Eichengreen, Barry & Gupta, Poonam, 2012. "Exports of Services: Indian Experience in Perspective," MPRA Paper 37409, University Library of Munich, Germany.
- F10 - International Economics - - Trade - - - General
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