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Trade Effects of Services Trade Liberalization in the EU

Author

Listed:
  • Joseph Francois

    (Johannes Kepler University Linz)

  • Olga Pindyuk

    (wiiw (Vienna))

  • Julia Woerz

    (Austrian National Bank (OENB))

Abstract

This paper gives a quantitative assessment of possible trade and welfare effects resulting from different trade liberalization scenarios within the EU. First, we econometrically estimate the existing services trade barriers in the EU (inside the EU and with respect to the third countries). Then we run simulations to estimate effects of the currently achieved liberalization of cross-border trade in services inside the EU, and of the elimination of the remaining trade barriers. The simulations are based on the GTAP model, a computable general equilibrium model. We use the GTAP database V7 (pre-release, benchmarked to 2004) and own estimates of protection in the services sector. Our findings point towards larger gains from more comprehensive cuts in trade barriers. We further observe a reinforcement of specialization patterns, with the new members intensifying their position as EuropeÕs manufacturing base and the old members specializing increasingly in services.

Suggested Citation

  • Joseph Francois & Olga Pindyuk & Julia Woerz, 2008. "Trade Effects of Services Trade Liberalization in the EU," IIDE Discussion Papers 20080801, Institue for International and Development Economics.
    • Handle: RePEc:lnz:wpaper:20080801
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    Citations

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    Cited by:

    1. Innwon Park & Soonchan Park, 2011. "Regional Liberalisation of Trade in Services," The World Economy, Wiley Blackwell, vol. 34, pages 725-740, May.
    2. Oliver Fritz & Gerhard Streicher, 2008. "Trade Effects of Service Liberalization in the EU. Simulation of Regional Macroeconomic Effects for Austria," WIFO Studies, WIFO, number 34221.
    3. Egger, Peter & Larch, Mario & Staub, Kevin E, 2012. "Trade Preferences and Bilateral Trade in Goods and Services: A Structural Approach," CEPR Discussion Papers 9051, C.E.P.R. Discussion Papers.

    More about this item

    Keywords

    trade restrictions; trade liberalization; computable general equilibrium modelling; services trade.;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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