Economic Governance, Regulation and Services Trade Liberalization

Matteo Fiorini and Bernard Hoekman

No 2017/27, RSCAS Working Papers from European University Institute

Abstract: Many agreements to liberalize trade in services tend to be limited in scope. Concerns about possible negative regulatory consequences of services liberalization is one reason for this. In this paper we provide quantitative estimates of the impact of governance quality on the magnitude of the potential productivity gains of external services trade liberalization, and, in the context of the EU, their distribution across member states. Our findings suggest that greater effort to design trade agreements with a view to improving economic governance would benefit both the EU as well as its trading partners. There is significant scope to incorporate elements of the approaches that have been used in the EU single market context into external trade agreements, and to use the latter to further the realization of a single EU market for services.

Keywords: trade in services; regulation; trade agreements; economic governance (search for similar items in EconPapers)
JEL-codes: F13 F15 O43 (search for similar items in EconPapers)
Date: 2017-05
New Economics Papers: this item is included in nep-eur and nep-int
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Citations: View citations in EconPapers (2)

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