Regulation and Service Exports: Theoretical and Empirical Analyses
1
조회
0
다운로드
0
인용
0
참고문헌
키워드
초록
This paper constructs a theoretical framework to analyze the impacts of deregulation on service exports using the monopolistic competition model developed by Krugman (1980). The framework entails two core claims. First, the positive effects of deregulation on service exports are more prominent in the differentiated or knowledge-intensive service sectors such as insurance, business, and cultural and recreation sectors than those in the standardized ones such as travel and communication sectors. Secondly, the trade-stimulating impacts of deregulation in exporting country are of larger magnitude than those of deregulation in importing country. We then empirically test and prove these arguments using the Hausman- Taylor estimation method and the World Bank’s STRI dataset. From these results, some policy implications are drawn for service industry development.
Abstract
This paper constructs a theoretical framework to analyze the impacts of deregulation on service exports using the monopolistic competition model developed by Krugman (1980). The framework entails two core claims. First, the positive effects of deregulation on service exports are more prominent in the differentiated or knowledge-intensive service sectors such as insurance, business, and cultural and recreation sectors than those in the standardized ones such as travel and communication sectors. Secondly, the trade-stimulating impacts of deregulation in exporting country are of larger magnitude than those of deregulation in importing country. We then empirically test and prove these arguments using the Hausman- Taylor estimation method and the World Bank’s STRI dataset. From these results, some policy implications are drawn for service industry development.
참고문헌 (52)
- Abernathy, W. J., "Patterns of Industrial Innovation", Technology Review, 64(7), pp.254~228 (1978)
- Do Institutions Matter More for Services?, "Amin, M.", World Bank, ~, pp.Research Working Paper 4032 (2006)
- Human Capital and the Changing Structure of the Indian Economy, "Amin, M.", World Bank, ~, pp.Policy Research Working Paper 4576 (2008)
- Barras, R., "Towards a Theory of Innovation in Services", Research Policy, 15(4), pp.161~173 (1986)
- Copeland, B., "A Handbook on International Trade in Services", pp.84~130 (2008), Oxford University Press
- De Sousa, J., "The Currency Union Effect on Trade is Decreasing over Time", Economics Letters, 117(3), pp.917~920 (2012)
- Dee, P., "Enhancing the Performance of the Services Sector", pp.103~126 (2005)
- Drejer, I., "Identifying Innovation in Surveys of Services : A Schumpeterian Perspective", Research Policy, 33(3), pp.551~562 (2004)
- Egger, P., "Alternative Techniques for Estimation of Cross-Section Gravity Models", Review of International Economics, 13(5), pp.881~891 (2005)
- Egger, P., "An Econometric View on the Estimation of Gravity Models and the Calculation of Trade Potentials", The World Economy, 29(2), pp.297~312 (2002)
- Ethier, W., "Internationally Decreasing Costs and World Trade", Journal of International Economics, 9(1), pp.1~24 (1979)
- Feenstra, R. C., "Advanced International Trade: Theory and Evidence" (2004), Princeton University Press
- Fitzsimmons, J., "New Service Development: Creating Memorable Experiences" (2000), Sage Publications
- Fitzsimmons, J., "Service Management: Operations, Strategy, and Information Technology" (2006), McGraw-Hill
- Foss, N. J., "Towards a Competence Theory of the Firm" (2013), Routledge
- Francois, J., "Services Trade and Policy", Journal of Economic Literature, 48(3), pp.642~692 (2010)
- Freund, C., "The Internet and International Trade in Services", American Economic Review, 92(2), pp.236~240 (2002)
- Goswami, A. G., "Exporting Services: A Developing Country Perspective" (2012), World Bank Publications
- The Intangible Globalization: Explaining the Patterns of International Trade in Services, "Grünfeld, L. A.", Norwegian Institute for International Affairs, ~ (2003)
- Guillin, A., "Trade in Services and Regional Trade Agreements: Do Negotiations on Services Have to Be Specific?", The World Economy, 36(11), pp.1406~1423 (2013)
- Hipp, C., "The Incidence and Effects of Innovation in Services : Evidence from Germany", International Journal of Innovation Management, 4(4), pp.417~453 (2000)
- Hipp, C., "Service Innovation: Organizational Responses to Technological Opportunities and Market Imperatives", pp.175~210 (2003), Imperial College Press
- Jensen, J. B., "Trade in High-tech Services", Journal of Industry, Competition and Trade, 8(3), pp.181~197 (2008)
- Johnson, P., "New Service Development: Creating Memorable Experiences", pp.1~32 (2000), SAGE
- Johnston, R., "Service Operations Management" (2005), Prentice Hall, Pearson Education Ltd
- Restrictions on Trade in Distribution Services, "Kalirajan, K.", AusInfo, ~, pp.Productivity Commission Staff Research Paper, No. 1638 (2000)
- Kimura, F., "The Gravity Equation in International Trade in Services", Review of World Economics, 142(1), pp.92~121 (2006)
- Kirzner, I. M., "Entrepreneurial Discovery and the Competitive Market Process : An Austrian Approach", Journal of Economic Literature, 35(1), pp.85~ (1997)
- Konan, D. E., "Quantifying the Impact of Services Liberalization in a Developing Country", Journal of Development Economics, 81(1), pp.142~162 (2006)
- Services Trade and Domestic Regulation, "Kox, H.", OECD, ~, pp.Trade Policy Working Paper no. 49 (2007)
- Regulatory Heterogeneity as Obstacle for International Services Trade, "Kox, H.", CPB Netherlands Bureau for Economic Policy, ~, pp.CPB Discussion Papers no. 49 (2005)
- Krugman, P., "Scale Economies, Product Differentiation, and the Pattern of Trade", American Economic Review, 70, pp.950~959 (1980)
- Knowledge Intensive Service Activities (KISA) in Korea’s Innovation System, "Lee, K. R.", Korea Science and Technology Policy Institute, ~ (2003)
- Services Trade within Canada and the European Union; What Do They Have in Common?, "Lejour, A.", CPB Netherlands Bureau for Economic, ~, pp.CPB Discussion Papers no. 42 (2004)
- Trade in Services and Trade in Goods : Differences and Complementarities, "Lennon, C.", The Vienna Institute for International Economic Studies, ~, pp.Working Papers, no. 53 (2009)
- Marel, E., "Services Trade, Regulation and Regional Integration : Evidence from Sectoral Data", The World Economy, 36(11), pp.1393~1405 (2013)
- Markusen, J. R., "Production, Trade, and Migration with Differentiated, Skilled Workers", Canadian Journal of Economics, 21(3), pp.492~506 (1988)
- Markusen, J. R., "Trade in Producer Services and in Other Specialized Intermediate Inputs", American Economic Review, 79(1), pp.85~95 (1989)
- Mattoo, A., "A Handbook of International Trade in Services" (2008), Oxford University Press
- Menor, L. J., "New Service Development Competence and Perfomance", Ph.D., pp.2000
- Metcalfe, J. S., "Evolutionary Economics and Creative Destruction" (1998), Routledge
- Introduction and Synthesis, in Enhancing the Performance of the Services Sector, "Pilat, D.", OECD, 9~26 (2005)
- Rauch, J. E., "Networks versus Markets in International Trade", Journal of International Economics, 48(1), pp.7~35 (1999)
- Economic Geography and International Inequality, "Redding, S.", Center for Economic Policy Research, ~, pp.Discussion Paper no. 2568 (2000)
- Romer, P. M., "Growth Based on Increasing Returns Due to Specialization", American Economic Review, 77(2), pp.56~62 (1987)
- The Effect of Domestic Regulation on Services Trade Revisited, "Schwellnus, C.", CEPII, ~, pp.CEPII Working Paper no. 8 (2007)
- How Much Do Agreements Matter for Services Trade?, "Shingal, A.", World Trade Institute, ~ (2010)
- Storey, C., "Types of New Product Performance : Evidence from the Consumer Financial Services Sector", Journal of Business Research, 46(2), pp.193~203 (1999)
- Tether, B. S., "The Sources and Aims of Innovation in Services : Variety between and within Sectors", Economics of Innovation and New Technology, 12(6), pp.481~505 (2003)
- Tether, B. S., "Standardization and Particularization in Services : Evidence from Germany", Research Policy, 30(7), pp.1115~1138 (2001)
- Trott, P., "Innovation Management and New Product Development" (2012), Pearson Education, Essex
- Walsh, K., "Trade in Services: Does Gravity Hold?", Journal of World Trade, 42(2), pp.315~334 (2008)
