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Trade in Services: A Review

Author

Listed:
  • Banga Rashmi

    (Indian Council for Research in International Economic Relations, India)

Abstract

Services sector has emerged as the largest and fastest-growing sector in the world economy in the last two decades, providing more than 60 per cent of global output and, in many countries, an even larger share of employment. Not only has the services sector grown in terms of its share in global output and employment, its share in total trade has also grown rapidly in this period. The growing importance of services sector and the corresponding rise in its role in integrating the world economy has led to a stream of literature that examines different aspects of trade in services.This paper undertakes a selective review of both theoretical as well as empirical studies on trade in services. It identifies some of the conceptual issues in this area, e.g., whether theories of trade are relevant for services; what are the important barriers to trade in services; and how are these barriers measured. The main objective of the paper is to provide policy insights and future areas of research in trade in services.

Suggested Citation

  • Banga Rashmi, 2005. "Trade in Services: A Review," Global Economy Journal, De Gruyter, vol. 5(2), pages 1-24, June.
    • Handle: RePEc:bpj:glecon:v:5:y:2005:i:2:n:3
    DOI: 10.2202/1524-5861.1068
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    Citations

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    Cited by:

    1. C. Wernerheim & M. Waples, 2013. "Demand patterns and Canada’s trade in services," International Economics and Economic Policy, Springer, vol. 10(2), pages 159-181, June.
    2. Carmen Fillat Castej�n & Joseph F. Francois & Julia Woerz, 2008. "Trade through FDI: investing in services," Documentos de Trabajo dt2008-06, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    3. Yang Qi & Mingyue Gao & Haoyu Wang & Huijie Ding & Jianxu Liu & Songsak Sriboonchitta, 2023. "Does Marketization Promote High-Quality Agricultural Development in China?," Sustainability, MDPI, vol. 15(12), pages 1-28, June.
    4. repec:prg:jnlpep:v:preprint:id:652:p:1-17 is not listed on IDEAS
    5. Magdolna Sass, 2010. "International Fragmentation of Tradable Business Services: the Case of Hungary," CERS-IE WORKING PAPERS 1024, Institute of Economics, Centre for Economic and Regional Studies.
    6. Bianka Dettmer, 2012. "The European Union's service directive: Contrasting ex ante estimates with empirical evidence," Jena Economics Research Papers 2012-019, Friedrich-Schiller-University Jena.
    7. Alicia García-Herrero & KC Fung & Nathalie Aminian & Francis Ng, 2012. "Trade in services: East Asian and Latin American Experiences," Working Papers 1204, BBVA Bank, Economic Research Department.
    8. Nyahoho Emmanuel, 2010. "Determinants of Comparative Advantage in the International Trade of Services: An Empirical Study of the Hecksher-Ohlin Approach," Global Economy Journal, De Gruyter, vol. 10(1), pages 1-24, February.
    9. Suanes, Macarena, 2016. "Foreign direct investment and income inequality in Latin America: a sectoral analysis," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    10. Lianyue Feng & Helian Xu & Gang Wu & Wenting Zhang, 2021. "Service trade network structure and its determinants in the Belt and Road based on the temporal exponential random graph model," Pacific Economic Review, Wiley Blackwell, vol. 26(5), pages 617-650, December.
    11. Bianka Dettmer, 2012. "Business services outsourcing and economic growth: Evidence from a dynamic panel data approach," Jena Economics Research Papers 2012-049, Friedrich-Schiller-University Jena.
    12. Tham Siew Yean & Andrew Jia-Yi Kam & Nirwan bin Noh, 2018. "The Determinants of Inward FDI in Selected ServiceS Industries in MalaysiA," Prague Economic Papers, Prague University of Economics and Business, vol. 2018(2), pages 215-231.
    13. Johan Fourie & Dieter von Fintel, 2009. "World Rankings of Comparative Advantage in Service Exports," Working Papers 03/2009, Stellenbosch University, Department of Economics.

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