Services Trade and Growth

The competitiveness of firms in open economies is increasingly determined by access to low-cost and high-quality producer services - telecommunications, transport and distribution services, financial intermediation, etc. This paper discusses the role of services in economic growth, focusing in particular on channels through which openness to trade in services may increase productivity at the level of the economy as a whole, industries and the firm. The authors explore what recent empirical work suggests could be done to enhance comparative advantage in the production and export of services and how to design policy reforms to open services markets to greater foreign participation in a way that ensures not just greater efficiency but also greater equity in terms of access to services.

Bibliographic Details

Main Authors:	Mattoo, Aaditya, Hoekman, Bernard
Language:	English
Published:	World Bank, Washington, DC 2008-01
Subjects:	ACCESS TO TELECOMMUNICATIONS, ACCOUNTING, AFFILIATES, AGRICULTURE, AIR, AIR CARRIER, AIRPORTS, ANTI-COMPETITIVE PRACTICES, BALANCE OF PAYMENTS, BANK REGULATION, BANKING SECTOR, BANKS, BARRIER, BARRIERS TO ENTRY, BASE YEAR, BIDDING, BUSINESS PRACTICES, BUSINESS PROCESS OUTSOURCING, BUSINESS PROCESSES, BUSINESS SERVICES, CAPITAL ACCOUNT, CAPITAL ACCUMULATION, CARRIERS, CARTEL, COLONIALISM, COMMODITY, COMMUNICATION COSTS, COMMUNICATION SERVICES, COMMUNICATION TECHNOLOGIES, COMPARATIVE ADVANTAGE, COMPETITION LAW, COMPETITIVENESS, CONFIDENTIALITY, CONSUMERS, CONTRACT ENFORCEMENT, CORE BUSINESS, CORE BUSINESSES, COST STRUCTURE, CROP INSURANCE, DATA ENTRY, DEPOSIT, DEPOSITS, DEVELOPING COUNTRIES, DEVELOPING COUNTRY, DEVELOPMENT ASSISTANCE, DEVELOPMENT ECONOMICS, DOMESTIC MARKET, DOMESTIC TRAFFIC, ECONOMETRICS, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ECONOMIC IMPLICATIONS, ECONOMIC INTEGRATION, ECONOMIC PERFORMANCE, ECONOMIC THEORY, ELASTICITIES, ELASTICITIES OF DEMAND, EMPLOYMENT, ENFORCEMENT OF CONTRACTS, EXCHANGE RATE, EXPORT GROWTH, EXPORT MARKET, EXPORTS, FACTORS OF PRODUCTION, FINANCIAL DEVELOPMENT, FINANCIAL INSTITUTIONS, FINANCIAL INSTRUMENTS, FINANCIAL INTEGRATION, FINANCIAL INTERMEDIARY, FINANCIAL MARKETS, FINANCIAL PERFORMANCE, FINANCIAL PRODUCT, FINANCIAL SECTOR, FINANCIAL SECTORS, FINANCIAL SERVICES, FINANCIAL SYSTEM, FINANCIAL SYSTEMS, FIRM PERFORMANCE, FIXED COSTS, FOREIGN BANKS, FOREIGN CAPITAL, FOREIGN COMPETITION, FOREIGN DIRECT INVESTMENT, FOREIGN ENTRY, FOREIGN FIRMS, FOREIGN OWNERSHIP, FREE TRADE, FREIGHT, FREIGHT TRANSPORT, GDP, GDP PER CAPITA, GINI COEFFICIENT, GLOBAL MARKET, GNP, GROWTH MODELS, GROWTH POTENTIAL, GROWTH RATE, GROWTH RATES, GROWTH THEORY, HEALTH SERVICES, HUMAN CAPITAL, HUMAN RESOURCE MANAGEMENT, INCOME DISTRIBUTION, INCOME GROUP, INCOME GROUPS, INCOME LEVELS, INEFFICIENCY, INFORMATION SERVICES, INFORMATION TECHNOLOGY, INFRASTRUCTURE DEVELOPMENT, INNOVATIONS, INSIDER LENDING, INSURANCE, INTANGIBLES, INTEREST RATE, INTERNATIONAL AIR TRANSPORT, INTERNATIONAL COMPETITION, INTERNATIONAL MARKETS, INTERNATIONAL TRADE, INVESTMENT BARRIERS, INVESTMENT DECISIONS, JURISDICTIONS, KNOWLEDGE GENERATION, LAND TRANSPORT, LEARNING, MACROECONOMICS, MANUFACTURING INDUSTRIES, MANUFACTURING INDUSTRY, MARGINAL COST, MARGINAL COSTS, MARITIME TRANSPORT, MARKET ACCESS, MARKET FAILURE, MARKET SHARE, MARKET STRUCTURE, MONOPOLIES, MONOPOLISTIC COMPETITION, MONOPOLY, MONOPOLY RENTS, NATIONAL INCOME, NATURAL MONOPOLY, OLIGOPOLY, OPEN ECONOMIES, OUTPUT, OUTPUT PER CAPITA, OUTSOURCING, PER CAPITA INCOME, PER CAPITA INCOMES, POLICE, POLITICAL ECONOMY, POSITIVE EFFECTS, POSITIVE EXTERNALITIES, PRICE STABILITY, PRIVATIZATION, PRODUCTION FUNCTION, PRODUCTIVITY, PRODUCTIVITY GROWTH, PROGRAMS, RAIL, RAIL TRANSPORT, RAPID GROWTH, RATE OF GROWTH, RATES FOR INTERCONNECTION, REAL INCOME, REFORM PROGRAM, REFORM PROGRAMS, REGRESSION ANALYSIS, REGULATOR, REGULATORS, REGULATORY ENVIRONMENT, REGULATORY REFORM, REGULATORY REGIMES, RESOURCE ALLOCATION, REVERSE AUCTION, ROADS, ROUTE, ROUTES, SAFETY, SAFETY OF TRANSPORT, SATELLITES, SAVINGS, SCALE EFFECT, SCALE EFFECTS, SEWAGE, SMALL COUNTRIES, SMALL ENTERPRISES, STRUCTURAL CHANGE, SUNK COSTS, TAX, TECHNOLOGICAL CHANGES, TECHNOLOGY TRANSFER, TELECOMMUNICATIONS, TELECOMMUNICATIONS POLICY, TELECOMMUNICATIONS REFORM, TELECOMMUNICATIONS SERVICES, TELECOMS, TELEPHONE ACCESS, TOTAL FACTOR PRODUCTIVITY, TOTAL FACTOR PRODUCTIVITY GROWTH, TRADE BARRIERS, TRADE LIBERALIZATION, TRADE POLICIES, TRADE POLICY, TRADE REFORMS, TRADES, TRANSACTION COSTS, TRANSACTIONS COSTS, TRANSITION ECONOMIES, TRANSPORT, TRANSPORT COSTS, TRANSPORT SERVICES, TRANSPORTATION, TRAVEL INSURANCE, TRUE, TURNOVER, UNIVERSAL ACCESS, UNIVERSAL ACCESS FUNDS, URBANIZATION, VALUE ADDED, WEALTH, WORLD INVESTMENT REPORT, WORLD TRADE, WTO,
Online Access:	http://documents.worldbank.org/curated/en/2008/01/8913914/services-trade-growth https://hdl.handle.net/10986/6460
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