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U.S. Trade in Information-Intensive Services

Author

Listed:
  • Hiranya K. Nath

    (Department of Economics and International Business, Sam Houston State University)

  • Uday M. Apte

    (Graduate School of Business and Public Policy, Naval Postgraduate School)

Abstract

Trade in services has increased significantly and the United States has been a leader in services trade. The U.S. not only accounts for the largest share of world trade in private services but also runs a substantial amount of surplus in services trade. One important trend has been the rapid growth of U.S. trade in information-intensive services. This paper examines the growth and patterns in U.S. exports and imports of various information-intensive services. The analysis indicates that trade in business, professional, and technical services; financial services; and insurance has experienced the most rapid growth in recent times. This paper further discusses some of the intuitively plausible explanations for the growth of trade in information-intensive services.

Suggested Citation

  • Hiranya K. Nath & Uday M. Apte, 2012. "U.S. Trade in Information-Intensive Services," Working Papers 1202, Sam Houston State University, Department of Economics and International Business.
    • Handle: RePEc:shs:wpaper:1202
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    References listed on IDEAS

    as
    1. Markusen, James R, 1989. "Trade in Producer Services and in Other Specialized Intermediate Inputs," American Economic Review, American Economic Association, vol. 79(1), pages 85-95, March.
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    6. Fukunari Kimura & Hyun-Hoon Lee, 2006. "The Gravity Equation in International Trade in Services," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 142(1), pages 92-121, April.
    7. 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.
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    Cited by:

    1. Nath, Hiranya K. & Liu, Lirong, 2017. "Information and communications technology (ICT) and services trade," Information Economics and Policy, Elsevier, vol. 41(C), pages 81-87.
    2. Nath, Hiranya K. & Liu, Lirong & Tochkov, Kiril, 2015. "Comparative advantages in U.S. bilateral services trade with China and India," Journal of Asian Economics, Elsevier, vol. 38(C), pages 79-92.

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    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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