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World Trade in Services

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by Prakash Mr. Loungani & Saurabh Mr. Mishra
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World Trade in Services by Prakash Mr. Loungani & Saurabh Mr. Mishra

Using a newly constructed dataset on trade in services for 192 countries from 1970 to 2014, this paper shows that services currently constitute one-fourth of world trade and an increasingly important component of global production. A detailed analysis of patterns and stylized facts reveals that exports of services are not only gaining strong momentum and catching up with exports of goods in many countries, but they could also trigger a new wave of trade globalization. Research applications of the trade in service dataset on structural transformation, resilience, labor reallocation, and income distribution are outlined.

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Ebook Details
Pages: 44
Size: 4.8 MB
Publisher: INTERNATIONAL MONETARY FUND
Date published:   2017
ISBN: 9781475589900 (DRM-EPUB)
9781475590173 (DRM-PDF)

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This product is listed in the following categories:

Nonfiction > Business & Economics > Economics
Nonfiction > Business & Economics > International > Economics
Nonfiction > Business & Economics > Economics > Macroeconomics

These authors have products in the following categories:

Nonfiction > Business & Economics > Economics > Macroeconomics
Nonfiction > Business & Economics > Economics
Nonfiction > Business & Economics > International > Economics

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06/22/2017
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