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Exports of Services: Indian Experience in Perspective

  • Eichengreen, Barry

    ()

    (University of California, Berkeley)

  • Gupta, Poonam

    ()

    (National Institute of Public Finance and Policy)

We survey India's experience with exporting services. We show that the country's experience is unique in that modern tradable services are a significantly larger share of GDP than in other countries at comparable levels of economic development. This has not always been the case, however; India's out-performance is limited to recent years. Policy initiatives, from trade reform to liberalization of domestic industrial and service sectors, were important for jump-starting the process. Panel and country-specific regressions for a cross section of countries point to the importance of a range of additional factors: overall economic development, communications infrastructure, access to foreign technology, and spillovers between the merchandise and service exports. Importantly, however, these factors, jointly or individually, do not wipe out the significance of a dummy variable for India. India, evidently, is a significant outlier as an exporter of services, and even more so as the period proceeds.

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Paper provided by National Institute of Public Finance and Policy in its series Working Papers with number 12/102.

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Length: 32
Date of creation: Mar 2012
Date of revision:
Handle: RePEc:npf:wpaper:12/102
Note: Working Paper 102, 2012
Contact details of provider: Web page: http://www.nipfp.org.in

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  1. Barry Eichengreen & Poonam Gupta, 2013. "The two waves of service-sector growth," Oxford Economic Papers, Oxford University Press, vol. 65(1), pages 96-123, January.
  2. Caroline Freund & Diana Weinhold, 2002. "The Internet and International Trade in Services," American Economic Review, American Economic Association, vol. 92(2), pages 236-240, May.
  3. Arnold, Jens & Javorcik, Beata & Lipscomb, Molly & Mattoo, Aaditya, 2010. "Services Reform and Manufacturing Performance: Evidence from India," CEPR Discussion Papers 8011, C.E.P.R. Discussion Papers.
  4. P. K. M. Tharakan & Ilke Van Beveren & Tom Van Ourti, 2005. "Determinants of India's Software Exports and Goods Exports," The Review of Economics and Statistics, MIT Press, vol. 87(4), pages 776-780, November.
  5. Head, Keith & Mayer, Thierry & Ries, John, 2009. "How remote is the offshoring threat?," European Economic Review, Elsevier, vol. 53(4), pages 429-444, May.
  6. Barry Eichengreen & Poonam Gupta, 2011. "The Service Sector as India's Road to Economic Growth," NBER Working Papers 16757, National Bureau of Economic Research, Inc.
  7. Fukunari Kimura & Hyun-Hoon Lee, 2006. "The Gravity Equation in International Trade in Services," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 142(1), pages 92-121, April.
  8. Keith Walsh, 2006. "Trade in Services: Does Gravity Hold? A Gravity Model Approach to Estimating Barriers to Services Trade," The Institute for International Integration Studies Discussion Paper Series iiisdp183, IIIS.
  9. Arjan Lejour & Jan-Willem de Paiva Verheijden, 2007. "The Tradability of Services within Canada and the European Union," The Service Industries Journal, Taylor & Francis Journals, vol. 27(4), pages 389-409, June.
  10. James Harrigan, 2001. "Specialization and the volume of trade: do the data obey the laws?," Staff Reports 140, Federal Reserve Bank of New York.
  11. Enrica Detragiache & Abdul Abiad & Thierry Tressel, 2008. "A New Database of Financial Reforms," IMF Working Papers 08/266, International Monetary Fund.
  12. Henk Kox & Arjan Lejour, 2005. "Regulatory heterogeneity as obstacle for international services trade," CPB Discussion Paper 49, CPB Netherlands Bureau for Economic Policy Analysis.
  13. Poonam Gupta & Kalpana Kochhar & Sanjaya Panth, 2011. "Bank Ownership and the Effects of Financial Liberalization; Evidence From India," IMF Working Papers 11/50, International Monetary Fund.
  14. Carolina Lennon, 2009. "Trade in Services and Trade in Goods: Differences and Complementarities," wiiw Working Papers 53, The Vienna Institute for International Economic Studies, wiiw.
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