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International Trade in Services: Structural Determinants of Balance of Services

Author

Listed:
  • Ondøej Šíma

    (Prague University of Economics and Business, Faculty of Finance and Accounting, Department of Monetary Theory and Policy)

Abstract

The paper aims to highlight the importance of services as an integral component of international trade and, in particular, to identify structural determinants affecting their balance. The analysis is made using panel regression for 1980 – 2016 and includes all the world countries. The text is based on approaches of international trade theory concerning specific features associated with services. Significant factors affecting the balance of services include the presence of foreign direct investment, financial sector development level, geographic factors, human capital stock and interaction between the balance of services and balance of goods.

Suggested Citation

  • Ondøej Šíma, 2022. "International Trade in Services: Structural Determinants of Balance of Services," Journal of Economics / Ekonomicky casopis, Institute of Economic Research, Slovak Academy of Sciences, vol. 70(2), pages 188-208, February.
    • Handle: RePEc:sav:journl:v:70:y:2022:i:2:p:188-208
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    international trade; balance of services; services;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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