World trade in services : evidence from a new dataset /
World trade in services : evidence from a new dataset /
by Prakash Loungani [and three others].
- 1 online resource (43 pages) : illustrations (some color), tables.
- IMF Working Papers .
- IMF Working Papers. .
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.
1475590172 9781475590173
1018-5941
10.5089/9781475589887.001 doi
1006486 MIL
Service industries.
Free trade.
Free trade.
Service industries.
BUSINESS & ECONOMICS / Industries / General
Electronic books.
HD9980.5
338.4
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.
1475590172 9781475590173
1018-5941
10.5089/9781475589887.001 doi
1006486 MIL
Service industries.
Free trade.
Free trade.
Service industries.
BUSINESS & ECONOMICS / Industries / General
Electronic books.
HD9980.5
338.4