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Service Export sophistication and Europe's new growth model

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  • Gable, Susanna Lundstrom
  • Mishra, Saurabh

Abstract

Technology has changed the nature of service activities and made them more productive, tradable and fragmented in the global supply chain. Has Europe's growth been benefiting from the ongoing globalization of services? Services dominate growth in EU-15 countries and, to a lesser extent, in New Member States (NMS) and Accession (ACC) countries. Except in the ACC region, Europe has maintained specialization in service exports. Service productivity, tradability, and exports of modern services are high in EU-15, growing fast in NMS while at a lower pace in ACC. Service export sophistication is important for growth across the region, but especially in NMS.

Suggested Citation

  • Gable, Susanna Lundstrom & Mishra, Saurabh, 2011. "Service Export sophistication and Europe's new growth model," Policy Research Working Paper Series 5793, The World Bank.
    • Handle: RePEc:wbk:wbrwps:5793
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    References listed on IDEAS

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    Cited by:

    1. Marta C. N. Simões & Adelaide Duarte, 2013. "Human Capital and Growth in a Services Economy: the Case of Portugal," GEMF Working Papers 2013-21, GEMF, Faculty of Economics, University of Coimbra.
    2. Bianka Dettmer, 2012. "Business services outsourcing and economic growth: Evidence from a dynamic panel data approach," Jena Economics Research Papers 2012-049, Friedrich-Schiller-University Jena.
    3. Wenxi Lu, 2018. "FDI, Service imports and Export development," School of Economics Working Papers 2018-05, University of Adelaide, School of Economics.
    4. Marta S. S. Ramos & Marta C. N. Simoes, 2011. "Growth and the Services Sector: The Portugal Case," Book Chapters, in: Stefan Bogdan Salej & Dejan Eric & Srdjan Redzepagic & Ivan Stosic (ed.), Contemporary Issues in the Integration Processes of Western Balkan Countries in the European Union, chapter 17, pages 271-287, Institute of Economic Sciences.

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    Keywords

    Commodities; Public Sector Corruption&Anticorruption Measures; Housing&Human Habitats; Economic Theory&Research; Banks&Banking Reform;
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