International Trade in Services: Structural Determinants of Balance of Services

Ondøej Šíma ()
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Ondøej Šíma: Prague University of Economics and Business, Faculty of Finance and Accounting, Department of Monetary Theory and Policy

Journal of Economics / Ekonomicky casopis, 2022, vol. 70, issue 2, 188-208

Abstract: The paper aims to highlight the importance of services as an integral component of international trade and, in particular, to identify structural determinants affecting their balance. The analysis is made using panel regression for 1980 – 2016 and includes all the world countries. The text is based on approaches of international trade theory concerning specific features associated with services. Significant factors affecting the balance of services include the presence of foreign direct investment, financial sector development level, geographic factors, human capital stock and interaction between the balance of services and balance of goods.

Keywords: international trade; balance of services; services (search for similar items in EconPapers)
JEL-codes: F14 F41 R12 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:sav:journl:v:70:y:2022:i:2:p:188-208

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