Trade in Services and Economic Growth

Soonchan Park ()
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Soonchan Park: Kongju National University

East Asian Economic Review, 2007, vol. 11, issue 1, 3-24

Abstract: Services account for a large share of output in developed countries and international trade in services has been rapidlyServices account for a large share of output in developed countries and international trade in services has been rapidly increasing since 1980. However, there are a limited number of empirical studies on the relationship between openness in services trade and economic growth. This paper applies a dynamic panel approach to examine the impacts of trade in services and openness on economic growth for industrialized countries during the period 1980-2000. The findings show that imports of services have a significant positive impact on economic growth. Furthermore, empirical results suggest that the level of openness in services (measured by imports to GDP) also affects growth, and not just changes in openness.

Keywords: Trade In Services; Level Of Openness; Changes In Openness; Economic Growth (search for similar items in EconPapers)
JEL-codes: F10 F20 F50 L80 (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:eaerev:0152

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