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Strengthening resilience through trade: Development of service trade and enhancing export resilience

Author

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  • Li, Zeyu
  • Jiang, Yanyan

Abstract

As a vital component of economic globalization, service trade plays a pivotal role in enhancing a nation's risk management capacity. This study explores how the development of service trade contributes to strengthening export resilience. The findings demonstrate that the advancement of service trade significantly bolsters export resilience by promoting high-quality economic development. Furthermore, technological innovation amplifies the positive role of service trade in improving export resilience. The study also uncovers regional disparities in the influence of service trade on export resilience. Specifically, the positive effect of service trade development on export resilience is more pronounced in regions with a well-developed service sector and lower levels of population aging.

Suggested Citation

  • Li, Zeyu & Jiang, Yanyan, 2025. "Strengthening resilience through trade: Development of service trade and enhancing export resilience," Finance Research Letters, Elsevier, vol. 78(C).
    • Handle: RePEc:eee:finlet:v:78:y:2025:i:c:s1544612325004039
    DOI: 10.1016/j.frl.2025.107140
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    More about this item

    Keywords

    Service trade development; Technological innovation; High-quality economic development; Export resilience;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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