Inflows and Outflows of Services in the EU and Turkey
In: Proceedings of the Conference on Emerging Economic Issues in a Globalizing World
Services have increasingly becoming a predominant field in the economies globally, yet it is difficult to categorize services as a tertiary sector due to the fact that it constitutes a dynamic component of other sectors in the knowledge era. It encompasses traditional economic activities such as tourism, transportation, construction, financial and business services; and also other activities such as counseling, data processing, and technical analysis. Services have a high share in the total output and maintain a high percentage in value added and employment in the western world. Services are subject to foreign trade and foreign direct investment substantially due to the globalization process and technological changes. The same trend for services is witnessed in Turkey, like in the EU. The objective of this paper is to show insufficient intra-trade in the EU and opportunities for Turkey in the trade of services. The method of analysis is comparative based on empirical data.
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- Andreas Breitenfellner & Antje Hildebrandt, 2006. "High Employment with Low Productivity? The Service Sector as a Determinant of Economic Development," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 110-135.
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