Trade in Services and Economic Growth
Services account for a large share of output in developed countries and international trade in services has been rapidlyServices account for a large share of output in developed countries and international trade in services has been rapidly increasing since 1980. However, there are a limited number...
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| Format: | Article |
| Language: | English |
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Korea Institute for International Economic Policy
2007-06-01
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| Series: | East Asian Economic Review |
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| Online Access: | http://dx.doi.org/10.11644/KIEP.JEAI.2007.11.1.162 |
| _version_ | 1828472459707285504 |
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| author | Soonchan Park |
| author_facet | Soonchan Park |
| author_sort | Soonchan Park |
| collection | DOAJ |
| description | Services account for a large share of output in developed countries and international trade in services has been rapidlyServices account for a large share of output in developed countries and international trade in services has been rapidly increasing since 1980. However, there are a limited number of empirical studies on the relationship between openness in services trade and economic growth. This paper applies a dynamic panel approach to examine the impacts of trade in services and openness on economic growth for industrialized countries during the period 1980-2000. The findings show that imports of services have a significant positive impact on economic growth. Furthermore, empirical results suggest that the level of openness in services (measured by imports to GDP) also affects growth, and not just changes in openness. |
| first_indexed | 2024-12-11T05:30:12Z |
| format | Article |
| id | doaj.art-29cb997dda87410481fbe2665dce7f15 |
| institution | Directory Open Access Journal |
| issn | 2508-1640 2508-1667 |
| language | English |
| last_indexed | 2024-12-11T05:30:12Z |
| publishDate | 2007-06-01 |
| publisher | Korea Institute for International Economic Policy |
| record_format | Article |
| series | East Asian Economic Review |
| spelling | doaj.art-29cb997dda87410481fbe2665dce7f152022-12-22T01:19:27ZengKorea Institute for International Economic PolicyEast Asian Economic Review2508-16402508-16672007-06-01111324http://dx.doi.org/10.11644/KIEP.JEAI.2007.11.1.162Trade in Services and Economic GrowthSoonchan Park 0Kongju National UniversityServices account for a large share of output in developed countries and international trade in services has been rapidlyServices account for a large share of output in developed countries and international trade in services has been rapidly increasing since 1980. However, there are a limited number of empirical studies on the relationship between openness in services trade and economic growth. This paper applies a dynamic panel approach to examine the impacts of trade in services and openness on economic growth for industrialized countries during the period 1980-2000. The findings show that imports of services have a significant positive impact on economic growth. Furthermore, empirical results suggest that the level of openness in services (measured by imports to GDP) also affects growth, and not just changes in openness.http://dx.doi.org/10.11644/KIEP.JEAI.2007.11.1.162Trade in ServicesLevel of OpennessChanges in OpennessEconomic Growth |
| spellingShingle | Soonchan Park Trade in Services and Economic Growth East Asian Economic Review Trade in Services Level of Openness Changes in Openness Economic Growth |
| title | Trade in Services and Economic Growth |
| title_full | Trade in Services and Economic Growth |
| title_fullStr | Trade in Services and Economic Growth |
| title_full_unstemmed | Trade in Services and Economic Growth |
| title_short | Trade in Services and Economic Growth |
| title_sort | trade in services and economic growth |
| topic | Trade in Services Level of Openness Changes in Openness Economic Growth |
| url | http://dx.doi.org/10.11644/KIEP.JEAI.2007.11.1.162 |
| work_keys_str_mv | AT soonchanpark tradeinservicesandeconomicgrowth |