World Trade in Services : Evidence from A New Dataset

Author/Editor:

Prakash Loungani ; Saurabh Mishra ; Chris Papageorgiou ; Ke Wang

Publication Date:

March 29, 2017

Electronic Access:

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Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary:

Using a newly constructed dataset on trade in services for 192 countries from 1970 to 2014, this paper shows that services currently constitute one-fourth of world trade and an increasingly important component of global production. A detailed analysis of patterns and stylized facts reveals that exports of services are not only gaining strong momentum and catching up with exports of goods in many countries, but they could also trigger a new wave of trade globalization. Research applications of the trade in service dataset on structural transformation, resilience, labor reallocation, and income distribution are outlined.

Series:

Working Paper No. 17/77

Subject:

English

Publication Date:

March 29, 2017

ISBN/ISSN:

9781475589887/1018-5941

Stock No:

WPIEA2017077

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

44

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