Why Do Economies Enter into Preferential Agreements on Trade in Services? Assessing the Potential for Negotiated Regulatory Convergence in Asian Services Markets
More than one-third of the World Trade Organization-notified services trade agreements that were in effect between January 2008 and August 2015 involved at least one South or Southeast Asian trading partner. Drawing on Baier and Bergstrand's (2004) determinants of preferential trade agreements...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
World Scientific Publishing
2016-03-01
|
| Series: | Asian Development Review |
| Subjects: | |
| Online Access: | https://www.mitpressjournals.org/doi/pdf/10.1162/ADEV_a_00061 |
| _version_ | 1818990090412621824 |
|---|---|
| author | Pierre Sauvé Anirudh Shingal |
| author_facet | Pierre Sauvé Anirudh Shingal |
| author_sort | Pierre Sauvé |
| collection | DOAJ |
| description | More than one-third of the World Trade Organization-notified services trade agreements that were in effect between January 2008 and August 2015 involved at least one South or Southeast Asian trading partner. Drawing on Baier and Bergstrand's (2004) determinants of preferential trade agreements and using the World Bank's database on the restrictiveness of domestic services regimes (Borchert, Gootiiz, and Mattoo 2012), we examine the potential for negotiated regulatory convergence in Asian services markets. Our results suggest that Asian economies with high levels of preexisting bilateral merchandise trade and wide differences in services regulatory frameworks are more likely candidates for services trade agreement formation. Such results lend support to the hypothesis that the heightened “servicification” of production generates demand for the lowered services input costs resulting from negotiated market openings. |
| first_indexed | 2024-12-20T19:48:51Z |
| format | Article |
| id | doaj.art-9bd8dd6c87dd45bd8ae060f92ae21455 |
| institution | Directory Open Access Journal |
| issn | 0116-1105 1996-7241 |
| language | English |
| last_indexed | 2024-12-20T19:48:51Z |
| publishDate | 2016-03-01 |
| publisher | World Scientific Publishing |
| record_format | Article |
| series | Asian Development Review |
| spelling | doaj.art-9bd8dd6c87dd45bd8ae060f92ae214552022-12-21T19:28:22ZengWorld Scientific PublishingAsian Development Review0116-11051996-72412016-03-01331567310.1162/ADEV_a_00061ADEV_a_00061Why Do Economies Enter into Preferential Agreements on Trade in Services? Assessing the Potential for Negotiated Regulatory Convergence in Asian Services MarketsPierre Sauvé0Anirudh Shingal1Pierre Sauvé: World Trade Institute, University of Bern, Switzerland. E-mail: pierre.sauve@wti.orgAnirudh Shingal (corresponding author): World Trade Institute, University of Bern, Switzerland. E-mail: anirudh.shingal@wti.org.More than one-third of the World Trade Organization-notified services trade agreements that were in effect between January 2008 and August 2015 involved at least one South or Southeast Asian trading partner. Drawing on Baier and Bergstrand's (2004) determinants of preferential trade agreements and using the World Bank's database on the restrictiveness of domestic services regimes (Borchert, Gootiiz, and Mattoo 2012), we examine the potential for negotiated regulatory convergence in Asian services markets. Our results suggest that Asian economies with high levels of preexisting bilateral merchandise trade and wide differences in services regulatory frameworks are more likely candidates for services trade agreement formation. Such results lend support to the hypothesis that the heightened “servicification” of production generates demand for the lowered services input costs resulting from negotiated market openings.https://www.mitpressjournals.org/doi/pdf/10.1162/ADEV_a_00061Asiapreferential trade agreementsregulationregulatory convergenceservices trade |
| spellingShingle | Pierre Sauvé Anirudh Shingal Why Do Economies Enter into Preferential Agreements on Trade in Services? Assessing the Potential for Negotiated Regulatory Convergence in Asian Services Markets Asian Development Review Asia preferential trade agreements regulation regulatory convergence services trade |
| title | Why Do Economies Enter into Preferential Agreements on Trade in Services? Assessing the Potential for Negotiated Regulatory Convergence in Asian Services Markets |
| title_full | Why Do Economies Enter into Preferential Agreements on Trade in Services? Assessing the Potential for Negotiated Regulatory Convergence in Asian Services Markets |
| title_fullStr | Why Do Economies Enter into Preferential Agreements on Trade in Services? Assessing the Potential for Negotiated Regulatory Convergence in Asian Services Markets |
| title_full_unstemmed | Why Do Economies Enter into Preferential Agreements on Trade in Services? Assessing the Potential for Negotiated Regulatory Convergence in Asian Services Markets |
| title_short | Why Do Economies Enter into Preferential Agreements on Trade in Services? Assessing the Potential for Negotiated Regulatory Convergence in Asian Services Markets |
| title_sort | why do economies enter into preferential agreements on trade in services assessing the potential for negotiated regulatory convergence in asian services markets |
| topic | Asia preferential trade agreements regulation regulatory convergence services trade |
| url | https://www.mitpressjournals.org/doi/pdf/10.1162/ADEV_a_00061 |
| work_keys_str_mv | AT pierresauve whydoeconomiesenterintopreferentialagreementsontradeinservicesassessingthepotentialfornegotiatedregulatoryconvergenceinasianservicesmarkets AT anirudhshingal whydoeconomiesenterintopreferentialagreementsontradeinservicesassessingthepotentialfornegotiatedregulatoryconvergenceinasianservicesmarkets |