Export Performance of South and East Asia in Modern Services
AbstractAdvancements in information and communications technologies (ICTs) have increased the possibilities for trade in modern services and many Asian emerging and developed economies are participating increasingly in these new trade activities. This paper examines the export performance of these emerging and developed Asian economies in selected modern services: computer and information services, business and professional services, and telecommunications services, using a stochastic frontier gravity type model. Estimation results show that performance of emerging economies in South Asia and the ASEAN region, in terms of realization of export potential, is considerably lower than that of the developed world in North America and Europe. The results also show that the number of graduates and the ICT infrastructure in emerging countries are amongst key factors for modern services exports. These findings suggest that emerging economies need to remove â€˜behind the borderâ€™ constraints and adopt advanced technologies in order to catch up with the high performing developed countries.
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Bibliographic InfoPaper provided by The Australian National University, Australia South Asia Research Centre in its series ASARC Working Papers with number 2013-07.
Date of creation: 2013
Date of revision:
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Services exports; stochastic frontier gravity model; Asia; North America; and Europe.;
Find related papers by JEL classification:
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- C24 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Truncated and Censored Models; Switching Regression Models
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-10-25 (All new papers)
- NEP-CSE-2013-10-25 (Economics of Strategic Management)
- NEP-CWA-2013-10-25 (Central & Western Asia)
- NEP-SEA-2013-10-25 (South East Asia)
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