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Services versus Goods Trade: Are They the Same?

  • Andrea ARIU

    ()

    (FNRS and UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Recherches Economiques et Sociales (IRES))

In this paper we compare static and dynamic features of trade in goods and trade in services at the micro level. By using data from the same country, Belgium, and by making use of a common definition of transaction, we are able to enrich the existing qualitative comparisons with quantitative insights and to fill the existing gap in the literature. First, we analyze static features of trade such as participation rates, firms characteristics, heterogeneity, concentration and trade variation. Then, we explore dynamic aspects focusing on entry, exit, survival and growth strategy in foreign markets. From a static perspective, our results reveal that there are limited qualitative differences between trade in goods and trade in services and even the quantitative ones do not justify the need of different theoretical models. In the time dimension instead, some key peculiarities of services offer new insights for differentiating between the two.

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Paper provided by Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) in its series Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) with number 2013015.

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Length: 25
Date of creation: 20 Jul 2013
Date of revision:
Handle: RePEc:ctl:louvir:2013015
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