Winners and Losers of Services Liberalization

H.N. Thenuwara
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H.N. Thenuwara: University of Iowa, USA, and has served as an Assistant Governor of the Central Bank of Sri Lanka. Email: hennadige-thenuwara@uiowa.edu

South Asia Economic Journal, 2011, vol. 12, issue 2, 307-322

Abstract: In this research note, we develop a model of the services sector liberalization through Modes 3 and 4 where capital is brought to the home country. Foreign capital owners compete with domestic capital owners in producing services. Results in this research note show that domestic labour is better off with imported capital but domestic capital owners suffer. This could lead to domestic capital owners lobbying against the services liberalization via Modes 3 and 4.

Keywords: JEL: F11; JEL: F16; JEL: F21; Services liberalization; modes of services delivery; protection; complementarity of goods and services; foreign direct investment; compensation for labour; compensation for capital (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:sae:soueco:v:12:y:2011:i:2:p:307-322

DOI: 10.1177/139156141101200206

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