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Assessing the Benefits to Developing Countries of Liberalization in Services Trade

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  • John Whalley

Abstract

This paper discusses the potential impacts of services trade liberalization on developing countries and reviews existing quantitative studies. Its purpose is to distill themes from current literature rather than to advocate specific policy changes. The picture emerging is one of valiant attempts to quantify in the presence of formidable analytical and data problems yielding only a clouded image of likely impacts on trade, consumption, production, and welfare.

Suggested Citation

  • John Whalley, 2003. "Assessing the Benefits to Developing Countries of Liberalization in Services Trade," NBER Working Papers 10181, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:10181
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    References listed on IDEAS

    as
    1. Sherman Robinson & Zhi Wang & Will Martin, 2002. "Capturing the Implications of Services Trade Liberalization," Economic Systems Research, Taylor & Francis Journals, vol. 14(1), pages 3-33.
    2. Cillian Ryan, 1990. "Trade Liberalisation and Financial Services," NBER Chapters, in: New Issues in the Uruguay Round, pages 349-366, National Bureau of Economic Research, Inc.
    3. Philippa Dee & Kevin Hanslow, 2013. "Multilateral Liberalization of Services Trade," World Scientific Book Chapters, in: Services Trade Reform Making Sense of It, chapter 4, pages 69-95, World Scientific Publishing Co. Pte. Ltd..
    4. Chadha, R. & Brown, D.K. & Deardorff, A.V. & Stern, R.M., 2000. "Computational Analysis of the Impact on India of the Uruguay Round and the Forthcoming WTO Trade Negotiations," Working Papers 459, Research Seminar in International Economics, University of Michigan.
    5. Aadtya Mattoo, 2000. "Financial Services and the WTO: Liberalisation Commitments of the Developing and Transition Economies," The World Economy, Wiley Blackwell, vol. 23(3), pages 351-386, March.
    6. Markusen, James & Rutherford, Thomas F. & Tarr, David, 2000. "Foreign direct investment in services and the domestic market for expertise," Policy Research Working Paper Series 2413, The World Bank.
    7. Joseph F. Francois & Lutger Schuknecht, 1999. "Trade in Financial Services: Procompetitive Effects and Growth Performance," Tinbergen Institute Discussion Papers 99-028/2, Tinbergen Institute.
    8. Martin, W. & Winters, L.A., 1995. "The Uruguay Round and the Developing Countries," World Bank - Discussion Papers 307, World Bank.
    9. King, Robert G. & Levine, Ross, 1993. "Finance, entrepreneurship and growth: Theory and evidence," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 513-542, December.
    10. Zerby, J A & Conlon, R M, 1983. "Joint Costs and Intra-Tariff Cross-Subsidies: The Case of Liner Shipping," Journal of Industrial Economics, Wiley Blackwell, vol. 31(4), pages 383-396, June.
    11. Mattoo, Aaditya & Rathindran, Randeep, 2006. "Measuring Services Trade Liberalization and Its Impact on Economic Growth: An Illustration," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 21, pages 64-98.
    12. Ross Levine, 1997. "Financial Development and Economic Growth: Views and Agenda," Journal of Economic Literature, American Economic Association, vol. 35(2), pages 688-726, June.
    13. Melvin, James R, 1989. "Trade in Producer Services: A Heckscher-Ohlin Approach," Journal of Political Economy, University of Chicago Press, vol. 97(5), pages 1180-1196, October.
    14. Deardoff, A.V. & Brown, D.K. & Stern, R.M. & Fox, A.K., 1995. "Computational Analysis of Goods and Services Liberalization in the Uruguay Round," Working Papers 379, Research Seminar in International Economics, University of Michigan.
    15. Hamilton, Bob & Whalley, John, 1984. "Efficiency and distributional implications of global restrictions on labour mobility : Calculations and policy implications," Journal of Development Economics, Elsevier, vol. 14(1), pages 61-75.
    16. Keshab Bhattarai & John Whalley, 2006. "The Division and Size of Gains from Liberalization in Service Networks," Review of International Economics, Wiley Blackwell, vol. 14(3), pages 348-361, August.
    17. Christopher Findlay, 1997. "The APEC Air Transport Schedule," Asia Pacific Economic Papers 273, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.
    18. Shoven, John B & Whalley, John, 1984. "Applied General-Equilibrium Models of Taxation and International Trade: An Introduction and Survey," Journal of Economic Literature, American Economic Association, vol. 22(3), pages 1007-1051, September.
    19. Ngee Choon Chia & Whalley, John, 1997. "A numerical example showing globally welfare-worsening liberalization of international trade in banking services," Journal of Policy Modeling, Elsevier, vol. 19(2), pages 119-127, April.
    20. Cillian Ryan, 1990. "Trade Liberalisation and Financial Services," The World Economy, Wiley Blackwell, vol. 13(3), pages 349-366, September.
    21. John Whalley, 1984. "Trade Liberalization among Major World Trading Areas," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262231204, December.
    22. Ryan, Cillian, 1992. "The Integration of Financial Services and Economic Welfare after `1992'," CEPR Discussion Papers 677, C.E.P.R. Discussion Papers.
    23. Drusilla K. Brown & Alan V. Deardorff & Robert M Stern, 2002. "Computational Analysis of Multilateral Trade Liberalization in the Uruguay Round and Doha Development Round," Working Papers 489, Research Seminar in International Economics, University of Michigan.
    24. repec:fth:michin:459 is not listed on IDEAS
    25. Joseph Francois & Hugh M. Arce & Kenneth A. Reinert & Joseph E. Flynn, 1996. "Commercial Policy and the Domestic Carrying Trade," Canadian Journal of Economics, Canadian Economics Association, vol. 29(1), pages 181-198, February.
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    JEL classification:

    • F1 - International Economics - - Trade

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