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Austria's Potential for Trade in Services

Author

Listed:
  • V. Brandicourt
  • C. Schwellnus
  • Julia Woerz

    (wiiw)

Abstract

We estimate the potential for trade in services in a 2-step approach using a gravity model for a sample of bilateral service trade flows in individual service categories between 65 countries over the period 2000 to 2005. In particular, we focus on the Austrian economy's potential for untapped trade in services which appears to be substantial. While Austria's travel services are reaching their potential, there is still ample room for exports of commercial services. Our analysis further points to the fact that this lack of exploiting the potential arises less from legal and institutional features as measured by OECD regulation indicators, but rather from other structural features of the Austrian economy.

Suggested Citation

  • V. Brandicourt & C. Schwellnus & Julia Woerz, 2008. "Austria's Potential for Trade in Services," FIW Research Reports series I-002, FIW.
    • Handle: RePEc:wsr:ecbook:2008:i:i-002
    as

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    References listed on IDEAS

    as
    1. Paul Conway & Véronique Janod & Giuseppe Nicoletti, 2005. "Product Market Regulation in OECD Countries: 1998 to 2003," OECD Economics Department Working Papers 419, OECD Publishing.
    2. Baldwin, Richard & Taglioni, Daria, 2006. "Gravity for Dummies and Dummies for Gravity Equations," CEPR Discussion Papers 5850, C.E.P.R. Discussion Papers.
    3. Joseph Francois & Julia Woerz, 2008. "Producer Services, Manufacturing Linkages, and Trade," Journal of Industry, Competition and Trade, Springer, vol. 8(3), pages 199-229, December.
    4. James E. Anderson & Eric van Wincoop, 2003. "Gravity with Gravitas: A Solution to the Border Puzzle," American Economic Review, American Economic Association, vol. 93(1), pages 170-192, March.
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    Cited by:

    1. Elisabeth Christen & Sandra Bilek-Steindl & Christian Glocker & Harald Oberhofer, 2016. "Austria 2025 – Austria's Competitiveness and Export Potentials in Selected Markets," WIFO Studies, WIFO, number 59182.
    2. Stefan Ederer & Jürgen Janger, 2010. "Wachstums- und Beschäftigungspolitik in Österreich unter europäischen Rahmenbedingungen," WIFO Studies, WIFO, number 41042.
    3. Julia Woerz, 2008. "Austria's Competitiveness in Trade in Services," FIW Research Reports series I-003, FIW.
    4. Michael Böheim, 2010. "Wettbewerbspolitik nach der Wirtschaftskrise," WIFO Monatsberichte (monthly reports), WIFO, vol. 83(10), pages 831-846, October.
    5. Michael Böheim, 2010. "Competition Policy in the Wake of the Economic Crisis," Austrian Economic Quarterly, WIFO, vol. 15(4), pages 349-363, December.

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    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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