Services Liberalization and GVC Participation

• Tác giả: Woori Lee
• Ngôn ngữ: eng
• Ký hiệu phân loại: 330 Economics
• Thông tin xuất bản: World Bank, Washington, DC, 2018
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 308237
• Chủ đề: 1. GLOBAL VALUE CHAINS; 2. REGIONAL TRADE; 3. SERVICES TRADE; 4. TRADE AGREEMENT; 5. TRADE LIBERALIZATION

Tóm tắt

Participation in global value chains is a key element in the industrialization strategies of many developing nations. This paper investigates the role of services liberalization in promoting participation in global value chains. Using the gravity framework, it examines the impact of services trade agreements on gross trade and global value chain trade (backward and forward participation) in goods. It finds that services trade agreements promote both, but especially global value chain trade, although the effects are heterogeneous: the impact is greater for developing nation exporters. Moreover, services agreements that allow the export of services without local presence (non-establishment rights) are particularly important in fostering participation in global value chains.