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Global Gains from Liberalising Trade in Telecommunications and Financial Services

Author

Listed:
  • George Verikios

    (Productivity Commission)

  • Xiao-guang Zhang

    (Productivity Commission)

Abstract

This paper uses a general equilibrium model to assess the effects of liberalising trade in telecommunications and financial services for 19 regions of the world. Results suggest that economies gain from removing barriers to the establishment of new operations (domestic or foreign), and by liberalising the operations of existing operators. For the world as a whole, the one-off gains are estimated to be at least 0.2 per cent of combined GNP, or about US$50 billion.

Suggested Citation

  • George Verikios & Xiao-guang Zhang, 2001. "Global Gains from Liberalising Trade in Telecommunications and Financial Services," Others 0110005, University Library of Munich, Germany.
  • Handle: RePEc:wpa:wuwpot:0110005
    Note: Type of Document - Word 97; prepared on IBM PC; to print on HP; pages: 78 ; figures: included
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/othr/papers/0110/0110005.pdf
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    References listed on IDEAS

    as
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    6. Philippa Dee & Kevin Hanslow, 2002. "Multilateral liberalisation of services trade," International Trade 0207002, University Library of Munich, Germany.
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    Citations

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    Cited by:

    1. Kym Anderson, 2005. "On the Virtues of Multilateral Trade Negotiations," The Economic Record, The Economic Society of Australia, vol. 81(255), pages 414-438, December.
    2. Henk Kox & Arjan Lejour, 2004. "A different approach to WTO negotiations in services," CPB Discussion Paper 36, CPB Netherlands Bureau for Economic Policy Analysis.
    3. Nora Dihel & Felix Eschenbach & Ben Shepherd, 2006. "South-South Services Trade," OECD Trade Policy Papers 39, OECD Publishing.
    4. Latorre, María C. & Bajo-Rubio, Oscar & Gómez-Plana, Antonio G., 2009. "The effects of multinationals on host economies: A CGE approach," Economic Modelling, Elsevier, vol. 26(5), pages 851-864, September.
    5. Samanatha Doove & Owen Gabbitas & Duc Nguyen-Hong & Joe Owen, 2001. "Price Effects of Regulation: Telecommunications, Air Passenger Transport and Electricity Supply," Others 0110004, University Library of Munich, Germany.
    6. Alan V. Deardorff & Robert M. Stern, 2009. "Empirical Analysis of Barriers to International Services Transactions and the Consequences of Liberalization," World Scientific Book Chapters,in: Globalization And International Trade Policies, chapter 15, pages 523-595 World Scientific Publishing Co. Pte. Ltd..
    7. Anderson, Kym, 2004. "The challenge of reducing subsidies and trade barriers," Policy Research Working Paper Series 3415, The World Bank.
    8. Zhou, Jing & Latorre, María C., 2014. "How FDI influences the triangular trade pattern among China, East Asia and the U.S.? A CGE analysis of the sector of Electronics in China," Economic Modelling, Elsevier, vol. 44(S1), pages 77-88.
    9. Ad van Riet & Moreno Roma, 2006. "Competition, productivity and prices in the euro area services sector," Occasional Paper Series 44, European Central Bank.
    10. María C. Latorre, 2009. "The economic analysis of multinationals and foreign direct investment: a review," Hacienda Pública Española, IEF, vol. 191(4), pages 97-126, December.
    11. Ralf Kronberger & Yvonne Wolfmayr, 2005. "Liberalisation of Trade in Services under the GATS," WIFO Monatsberichte (monthly reports), WIFO, vol. 78(6), pages 443-463, June.

    More about this item

    Keywords

    trade in services - telecommunications - finance - financial services - general agreement on trade in services - GATS - trade liberalisation - global;

    JEL classification:

    • P - Economic Systems
    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
    • Z - Other Special Topics

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