The Impact of Services Trade Restrictiveness on Trade Flows [E-Book]: First Estimates / Hildegunn Nordås and Dorothée Rouzet
This paper uses newly released OECD data on services trade restrictions (STRI) to analyse the relationship between services trade restrictions, cross-border trade in services and trade in downstream manufactured goods. A standard gravity model is enhanced by the STRI indices in a cross-section regre...
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Full text |
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Personal Name(s): | Nordås, Hildegunn. |
Rouzet, Dorothée. | |
Imprint: |
Paris :
OECD Publishing,
2015
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Physical Description: |
41 p. ; 21 x 29.7cm. |
Note: |
englisch |
DOI: |
10.1787/5js6ds9b6kjb-en |
Series Title: |
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OECD Trade Policy Papers ;
178 |
Keywords: |
Trade |
This paper uses newly released OECD data on services trade restrictions (STRI) to analyse the relationship between services trade restrictions, cross-border trade in services and trade in downstream manufactured goods. A standard gravity model is enhanced by the STRI indices in a cross-section regression analysis. Services trade restrictions are negatively associated with both imports and exports of services. The surprisingly strong effect on services exports is probably explained by a negative relationship between the STRIs and sector performance indices. Consequently, services suppliers are less competitive abroad. A negative relationship is also found between the STRI indices and exports, imports and intra-industry trade in manufactured goods. The statistical significance and the elasticities vary across services and goods sectors in ways that intuitively make sense. |