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  • 1
    Online Resource
    Online Resource
    The costs of regulatory barriers to trade in services : new estimates of ad valorem tariff equivalents (2020)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 1 Online-Ressource (circa 51 Seiten) , Illustrationen
    Series Statement: OECD trade policy papers no. 238
    Keywords: Trade ; Amtsdruckschrift ; Graue Literatur
    Abstract: This paper presents new estimates of policy-induced trade costs in five services sectors for 46 countries. Results demonstrate the significant untapped economic potential of multilateral, plurilateral, and unilateral services trade liberalisation. Even though services trade has more than tripled in the last two decades, the results show that trade costs are still high. The results are not only interesting in and of themselves, but they can also be used as input for further analysis on the economic benefits from different scenarios regarding the dismantling of barriers to trade in services. This paper exploits recent advances related to the measurement of services barriers in the OECD Services Trade Restrictiveness Index (STRI).
    DOI: 10.1787/bae97f98-en
    URL: lizenzpflichtig
    URL: lizenzpflichtig
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  • 2
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    Online Resource
    Services trade costs in the United States : a simulation based on the OECD Services Trade Restrictiveness Index (2020)
    Paris, France : OECD
    Details
    Language: English
    Pages: 1 Online-Ressource (circa 20 Seiten) , Illustrationen
    Series Statement: OECD Economics Department working papers no. 1617
    Keywords: Economics ; United States ; Amtsdruckschrift ; Graue Literatur
    Abstract: While services account for almost 80% of GDP in the United States and a growing share of global trade, regulatory barriers to services trade around the world are still high. Using a hypothetical liberalisation scenario, this paper assesses the potential reduction of trade costs that could be achieved in 17 US services sectors. The analysis relies on the OECD Services Trade Restrictiveness Index (STRI) which records barriers to services trade in 46 economies. The illustrative scenario assumes a 50% reduction in the gap between the current STRI score of the United States and the score of the least restrictive country in each sector. The results highlight the economic benefits of aligning US services regulation with global best practice. The average reduction in trade costs across the 17 sectors analysed would amount to 9.7 percentage points, with a quarter of the sectors experiencing reductions larger than 14.1 percentage points and another quarter experiencing reductions smaller than 5.3 percentage points.
    DOI: 10.1787/706b87c1-en
    URL: lizenzpflichtig
    URL: lizenzpflichtig
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    MPI Ethno. Forsch.
  • 3
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    Online Resource
    The impact of COVID-19 international travel restrictions on servicestrade costs (2020)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 1 Online-Ressource (circa 17 Seiten) , Illustrationen
    Series Statement: OECD trade policy papers no. 237
    Keywords: Trade ; Amtsdruckschrift ; Graue Literatur
    Abstract: This report casts light on the impact of regulatory restrictions on the movement of people across international borders on services trade costs. Such restrictions were implemented on health and safety grounds following the COVID-19 outbreak in March 2020. The analysis relies on several illustrative scenarios in which all the countries are assumed to close their borders to passengers, but leave freight trade open. Services trade costs are estimated to increase by an average of 12% of export values across sectors and countries in the medium term in such a hypothetical scenario. The analysis identifies a large variability in the increase in services-trade costs across sectors and across countries, reflecting the stringency of initial regulations and the relative importance of business travel and labour mobility to international services trade.
    DOI: 10.1787/e443fc6b-en
    URL: lizenzpflichtig
    URL: lizenzpflichtig
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  • 4
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    The trade impact of the UK’s exit from the EU single market (2020)
    Paris, France : OECD
    Details
    Language: English
    Pages: 1 Online-Ressource (circa 33 Seiten) , Illustrationen
    Series Statement: OECD Economics Department working papers no. 1631
    Keywords: Brexit ; free-trade agreement ; general-equilibrium model ; Economics ; United Kingdom ; Amtsdruckschrift ; Graue Literatur
    Abstract: This paper quantifies the sectoral trade impact in the United Kingdom and in EU countries of the UK’s exit from the Single Market, using the OECD general-equilibrium METRO model. A comprehensive free-trade agreement could lead to a fall by about 6.1% of UK exports and 7.8% of UK imports in the medium term compared to a situation where the United Kingdom would stay in the Single Market. Cost would come essentially from rising technical barriers and sanitary and phytosanitory measures on goods and rising trade costs on services. Rules of origin and border transition costs would have a small effect. Output losses in the European Union (0.4-0.5%) are expected to be less pronounced, but would vary markedly across individual countries. Ireland would experience the largest losses. Losses would also vary across sectors. Accounting for the regulatory impact of ending free movement of people for EU nationals on services trade is expected to bring some additional costs to the services economy. Those losses could be partly compensated by growth-enhancing changes to UK regulations, but only to a limited extent.
    DOI: 10.1787/682c2995-en
    URL: lizenzpflichtig
    URL: lizenzpflichtig
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  • 5
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    Services trade in the United Kingdom and the global economy (2021)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 1 Online-Ressource (70 p.) , 21 x 28cm.
    Series Statement: OECD Trade Policy Papers no.257
    Keywords: Dienstleistungshandel ; Handelshemmnisse ; Handelseffekt ; Großbritannien ; Trade ; Industry and Services ; United Kingdom ; Amtsdruckschrift
    Abstract: Services play a more important role in trade and employment in the United Kingdom than in most other OECD countries. The UK services sector is supported by an open and transparent trade regime, policies that support competition and innovation, and regulatory transparency that facilitates the creation of new services businesses and start-ups. That said, certain barriers to services trade remain. This report sheds light on the role of services trade in the UK economy, describing recent trends and highlighting future challenges, and explores policy options to support a sustainable recovery from the COVID-19 crisis.
    DOI: 10.1787/b602b468-en
    URL: lizenzpflichtig
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  • 6
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    Online Resource
    Services Trade Restrictiveness Index (STRI) : Measuring services liberalisation and commitments in the GATS and RTAs (2021)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 1 Online-Ressource (35 p.)
    Series Statement: OECD Trade Policy Papers no.250
    Keywords: Trade
    Abstract: The number of Regional Trade Agreements (RTAs) have increased markedly over the last decade, with many addressing market openness and rule-making for services trade. Recent RTAs are breaking down existing barriers: on average, removing between 10% and 40% of services restrictions present in the multilateral regime, and going significantly further in binding applied services regimes. When measured against the benchmark of commitments in the General Agreement on Trade in Services (GATS), binding commitments in RTAs eliminate between 40% and 70% of the “water” in the GATS – although low levels of “water” are not necessarily synonymous with high levels of openness. Ultimately, national and collective services reforms and liberalisation will best drive inclusive and sustainable economic growth.
    DOI: 10.1787/fee5c901-en
    URL: lizenzpflichtig
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  • 7
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    Online Resource
    Services and performance of the Indian economy : analysis and policy options (2017)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 1 Online-Ressource (circa 56 Seiten) , Illustrationen
    Series Statement: OECD trade policy papers no. 196
    Keywords: Industrie ; Außenwirtschaftspolitik ; Dienstleistungshandel ; Handelshemmnisse ; Wettbewerb ; Indien ; Trade ; India ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper highlights India’s unique services export led growth path. Observing that Indian business services have helped manufacturers all over the world to become more efficient and productive, it raises the question how Indian business services can do the same for local manufacturers and thus support the Make in India initiative. The paper also explores the potential for broadening the export base in services. The services sector that appears to have the largest prospect for unleashing the potential of both manufacturing and knowledge intensive business services is the telecommunications sector, particularly broadband internet services. In addition reforms in the distribution sector that enable multi-channel wholesale and retailing could facilitate the development of marketing channels for SME manufacturers both across the vast Indian market and abroad. Reforms in the logistics sector would further improve the competitiveness of local manufacturers producing time-sensitive goods including inputs to global value chains. Finally, competitiveness in knowledge-intensive services is obtained through knowledge sharing across borders. A prerequisite for broadening the export base in these sectors is openness to foreign professionals. The set of proposed recommendations emerging from this analysis underlines the importance of streamlining sector-level regulatory frameworks in all sectors to encourage foreign entry and competition, and the role that cross-cutting improvements in the trade and business environment would play to render services providers as well as down-stream manufacturers more competitive.
    DOI: 10.1787/9259fd54-en
    URL: Volltext
    URL: Volltext
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  • 8
    Online Resource
    Online Resource
    Services trade costs : tariff equivalents of services trade restrictions using gravity estimation (2017)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 1 Online-Ressource (circa 54 Seiten) , Illustrationen
    Series Statement: OECD trade policy papers no. 200
    Keywords: Dienstleistungshandel ; Handelsliberalisierung ; Gravitationsmodell ; Handelshemmnisse ; Trade ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: Estimates for ad valorem tariff equivalents of services trade restrictions for cross-border trade in six services sectors are presented in this paper. These equivalents are found to be very big in several service sectors with estimates ranging as high as 2000% when trade flows are relatively inelastic, as opposed to between 20% and 300% in most other sectors. The results indicate that trade costs may even increase less than proportionally as the degree of services trade restrictiveness rises. In addition, the paper shows that services trade liberalisation has the largest effect on trade flows in smaller markets. The estimates presented in this Paper are based on a gravity framework using data on both bilateral trade flows and on the value of domestic production. Production values are used to construct measures for the domestic consumption of domestic services in each country, which enables country-specific trade restrictions to be identified, while controlling for multilateral resistance using fixed effects.
    DOI: 10.1787/dc607ce6-en
    URL: Volltext
    URL: Volltext
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  • 9
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    Online Resource
    Trade impacts of the Trade and Cooperation Agreement between the European Union and the United Kingdom (2021)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 1 Online-Ressource (42 p.) , 21 x 28cm.
    Series Statement: OECD Economics Department Working Papers no.1698
    Keywords: Economics
    Abstract: This paper assesses the medium term impact of the United Kingdom leaving the EU Single Market under the terms of the EU-UK Trade and Cooperation Agreement (TCA) reached at the end of 2020 using the OECD METRO CGE model. The analysis does not include any transitional costs to fully implementing the new trade agreement, nor does it take into account stress on the economy as a result of COVID-19. Lastly, only the implications on services trade from regulatory restrictions on the free movement of people have been incorporated in the analysis while the wider labour market impacts of cross-border movement of people are left aside. Results from the simulation show that real GDP losses in the European Union, in the worst case scenario are expected to be around 0.6% in the medium term, but would vary markedly across countries. Ireland would experience the largest losses, while countries with loose trade links with the United Kingdom would barely be affected. The decline in trade is not uniform among sectors. European Union member states are expected to import less professional services such as financial services and insurance, communication, and other business services. UK exports are estimated to fall by about 6.3% and imports by 8.1% in the medium term. The overall medium-term loss in real GDP could amount to 4.4%.
    DOI: 10.1787/eeeea3ec-en
    URL: lizenzpflichtig
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  • 10
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    Online Resource
    Shedding light on the drivers of services tradability over two decades (2022)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 1 Online-Ressource (44 p.) , 21 x 28cm.
    Series Statement: OECD Trade Policy Papers no.264
    Keywords: Trade
    Abstract: Services have become significantly more tradable in the first two decades of the 21st century. This paper documents that trade costs for financial services, communication services and business services fell by between 30% and 60% between 2000 and 2019. Information and communication technology and growth of air traffic have acted as key drivers of this development. While there is some variation across sectors, the analysis suggests that these two determinants jointly account for a quarter to half of the aggregate decline in trade costs for services during this 20-year period. Furthermore, services provisions in regional trade agreements (RTAs) can explain between 3% and 14% of the reduction in trade costs for communications services and financial and insurance services. These findings demonstrate the importance of whole-of-government strategies to promote services trade competitiveness, inter alia market access, regulatory reform, as well as investment in physical and digital infrastructure and adoption of new technologies.
    DOI: 10.1787/d5f3c149-en
    URL: lizenzpflichtig
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