Determinantes del comercio de servicios financieros Potencial de exportaciones para los países sudamericanos

Pedro Moncarz

No 2010019, Documentos de trabajo from Banco Central del Uruguay

Abstract: International trade in services has shown an important dynamism increasing by almost five times in la last twenty years. Among the different types of services, financial services experienced growth rates above the average. Like it is the case with trade in goods, trade in services, and in particular financial services, are highly concentrated in developed economies, but showing a declining tendency. For the case of South America countries, service exports have increased substantially, but not enough to maintain they shares in world trade. Using the well-known and extensively used "gravity equation", we study the determinants of financial services exports, and estimate the export potential for ten South-American countries.

Keywords: financial services exports; gravity equation; export potential; exportaciones de servicios financieros; ecuación de gravedad; potencial de exportaciones (search for similar items in EconPapers)
JEL-codes: F10 F30 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2010
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