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Services Trade Restrictiveness Index (STRI): Legal and Accounting Services

Author

Listed:
  • Massimo Geloso Grosso

    (OECD)

  • Hildegunn Kyvik Nordås

    (OECD)

  • Frédéric Gonzales

    (OECD)

  • Iza Lejárraga

    (OECD)

  • Sébastien Miroudot

    (OECD)

  • Asako Ueno

    (OECD)

  • Dorothée Rouzet

    (OECD)

Abstract

This paper presents the services trade restrictiveness indices (STRIs) for the regulated professions of legal and accounting services. The STRIs are composite indices taking values between zero and one, zero representing an open market and one a market completely closed to foreign services providers. The indices are calculated for 40 countries, the 34 OECD members and Brazil, China, India, Indonesia, Russia and South Africa. This report presents the first vintage of indicators for legal and accounting services and captures de jure regulations in force in 2013. The STRI supports the view that legal and accounting services are subject to a relatively high level of regulation. Restrictiveness for legal services ranges from 0.11 to 0.73, with an average of 0.31. Accounting and auditing services show an average of 0.3 and STRI values ranging from 0.13 to 1. The results provide useful policy insights, particularly in order to identify priorities for reform at the national and international levels. Notably, in the case of legal and accounting services, easing a few prominent restrictions could result in a significantly more liberal and competitive market environment.

Suggested Citation

  • Massimo Geloso Grosso & Hildegunn Kyvik Nordås & Frédéric Gonzales & Iza Lejárraga & Sébastien Miroudot & Asako Ueno & Dorothée Rouzet, 2014. "Services Trade Restrictiveness Index (STRI): Legal and Accounting Services," OECD Trade Policy Papers 171, OECD Publishing.
    • Handle: RePEc:oec:traaab:171-en
    DOI: 10.1787/5jxt4nkg9g24-en
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    References listed on IDEAS

    as
    1. Nora Dihel & Ben Shepherd, 2007. "Modal Estimates of Services Barriers," OECD Trade Policy Papers 51, OECD Publishing.
    2. Mohamed Ali Marouani & Laura Munro, 2009. "Assessing Barriers to Trade in Services in the MENA Region," OECD Trade Policy Papers 84, OECD Publishing.
    3. Miroudot, Sébastien & Sauvage, Jehan & Shepherd, Ben, 2012. "Trade costs and productivity in services sectors," Economics Letters, Elsevier, vol. 114(1), pages 36-38.
    4. Borchert, Ingo & Gootiiz, Batshur & Mattoo, Aaditya, 2012. "Guide to the services trade restrictions database," Policy Research Working Paper Series 6108, The World Bank.
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    Cited by:

    1. Zongo, Amara, 2021. "The impact of services trade restrictiveness on food trade," International Economics, Elsevier, vol. 166(C), pages 71-94.
    2. Zongo, Amara, 2020. "The Impact of Services Trade Restrictiveness on Food Trade," MPRA Paper 101658, University Library of Munich, Germany.
    3. Barbe, Andre & Chambers, Art & Khachaturian, Tamar & Riker, David, 2017. "Modeling Trade in Services: Multiple Modes, Barriers to Trade, and Data Limitations," Conference papers 332919, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    4. Masood, Maria, 2019. "New evidence on income and the geographical distribution of imports: The case of audiovisuals," Journal of Comparative Economics, Elsevier, vol. 47(3), pages 717-734.

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    More about this item

    Keywords

    accounting services; auditing services; legal services; regulation; services trade; services trade restrictions;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • K33 - Law and Economics - - Other Substantive Areas of Law - - - International Law
    • L84 - Industrial Organization - - Industry Studies: Services - - - Personal, Professional, and Business Services

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