International Tradability Indices for Services [electronic resource] / van der Marel, Erik
Material type: TextPublication details: Washington, D.C., The World Bank, 2013Description: 1 online resource (42 p.)Subject(s): Developing Countries | Economic Theory & Research | Free Trade | ICT Policy and Strategies | Information and Communication Technologies | International Economics & Trade | Law and Development | Macroeconomics and Economic Growth | Services Trade | Trade & Services | Trade Law | Trade PolicyAdditional physical formats: van der Marel, Erik: International Tradability Indices for Services.Online resources: Click here to access online Abstract: This paper uses a theoretically grounded model of international trade to estimate the cross-border tradability of services. The resulting indices cover up to 99 countries and ten sectors. The results show that information and communications technology capital and legal institutions are particularly important determinants of a country's ability to successfully export services. The tradability indices are strongly correlated with outcome indicators, such as trade shares of individual countries. In addition, they are strongly correlated with important inputs, including country productivity and size, factor endowments, trade costs, and regulatory measures. In particular, the results suggest that a more restrictive regulatory environment significantly reduces the international tradability of services.This paper uses a theoretically grounded model of international trade to estimate the cross-border tradability of services. The resulting indices cover up to 99 countries and ten sectors. The results show that information and communications technology capital and legal institutions are particularly important determinants of a country's ability to successfully export services. The tradability indices are strongly correlated with outcome indicators, such as trade shares of individual countries. In addition, they are strongly correlated with important inputs, including country productivity and size, factor endowments, trade costs, and regulatory measures. In particular, the results suggest that a more restrictive regulatory environment significantly reduces the international tradability of services.
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