The crisis-resilience of services trade
Much attention has been focused on the impact of the current crisis on goods trade; hardly any on its impact on services trade. Using new trade data from the USA, and more aggregate data from other OECD countries, the authors show that services trade is weathering the current crisis much better than goods trade. On the basis of new evidence from Indian services exporters, it is suggested that services trade is more robust relative to goods trade for three reasons: less cyclical demand; lesser dependence on external finance; and few explicitly protectionist measures so far taken in services.
Volume (Year): 30 (2009)
Issue (Month): 13 (August)
|Contact details of provider:|| Web page: http://www.tandfonline.com/FSIJ20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/FSIJ20|
When requesting a correction, please mention this item's handle: RePEc:taf:servic:v:30:y:2009:i:13:p:2115-2136. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Longhurst)
If references are entirely missing, you can add them using this form.