Services liberalization and GVC participation: new evidence for heterogeneous effects by income level and provisions

Woori Lee

No 8475, Policy Research Working Paper Series from The World Bank

Abstract: Participation in global value chains is a key element in the industrialization strategies of many developing nations. This paper investigates the role of services liberalization in promoting participation in global value chains. Using the gravity framework, it examines the impact of services trade agreements on gross trade and global value chain trade (backward and forward participation) in goods. It finds that services trade agreements promote both, but especially global value chain trade, although the effects are heterogeneous: the impact is greater for developing nation exporters. Moreover, services agreements that allow the export of services without local presence (non-establishment rights) are particularly important in fostering participation in global value chains.

Keywords: International Trade and Trade Rules; Common Carriers Industry; Food&Beverage Industry; Pulp&Paper Industry; General Manufacturing; Construction Industry; Business Cycles and Stabilization Policies; Plastics&Rubber Industry; Textiles; Apparel&Leather Industry; Trade and Services; Industrial and Consumer Services and Products; Transport and Trade Logistics (search for similar items in EconPapers)
Date: 2018-06-14
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Citations: View citations in EconPapers (4)

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Working Paper: Services liberalization and GVC participation: New evidence for heterogeneous effects by income level and provisions (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:8475

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