Dark Costs, Missing Data [electronic resource] : Shedding Some Light on Services Trade. / Anderson, James E..
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TextPublication details: Washington, D.C. : The World Bank, 2015Description: 1 online resource (65 p.)Subject(s): Border effects | Economic theory & research | Emerging markets | Gravity | Home bias | International economics & trade | Law and development | Macroeconomics and economic growth | Private sector development | Services trade | Trade & services | Trade costs in services | Trade law | Trade policyAdditional physical formats: Anderson, James E.: Dark Costs, Missing Data: Shedding Some Light on Services TradeOnline resources: Click here to access online Abstract: A structural gravity model is used to estimate barriers to services trade across many sectors, countries, and time. Since the disaggregated output data needed to infer border barriers flexibly are often missing for services, this paper derives a novel methodology for projecting output data. The empirical implementation sheds light on the role of institutions, geography, size, and digital infrastructure as determinants of border barriers. The paper finds that border barriers have generally fallen over time, but there are differences across sectors and countries. Notably, border effects for the smallest economies have remained stable, giving rise to a divergent pattern across countries.
A structural gravity model is used to estimate barriers to services trade across many sectors, countries, and time. Since the disaggregated output data needed to infer border barriers flexibly are often missing for services, this paper derives a novel methodology for projecting output data. The empirical implementation sheds light on the role of institutions, geography, size, and digital infrastructure as determinants of border barriers. The paper finds that border barriers have generally fallen over time, but there are differences across sectors and countries. Notably, border effects for the smallest economies have remained stable, giving rise to a divergent pattern across countries.
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