Measuring the cost of international trade in services

Miroudot, Sébastien; Sauvage, Jehan; Shepherd, Ben

doi:10.1017/s1474745613000049

Cited by 89 publications

(83 citation statements)

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“…Since domestic output in international trade was identity as well as in the consumption function, the theory and import function should also be in a reduced form (Miroudot, Sauvage, & Shepherd, 2013;Tombe, 2015). Consequently, the import function was influenced by the consumption of the commodity, which is correlated with the real exchange rate (rupiah against the US $).…”

Section: Literature Reviewmentioning

confidence: 99%

The Equilibrium Analysis of Consumption and Imports of Soybean in Indonesia

Aimon¹,

Adry²,

Azhar³

2017

Proceedings of the International Conference on Business and Management Research (ICBMR-17)

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This article aims to explain the influence and equilibrium of soybean price, per capita income and soybean import to soybean consumption in short and long terms in Indonesia. In addition, the effect and equilibrium of real exchange rate, per capita income and soybean consumption to soybean import in short and long-terms in Indonesia are also analysed. The study used time series data from 1986 to 2015, and utilized Co-integration Model and Error Correction Mechanism Model. There are four important findings from the study. First, the soybean price, per capita income and soybean import significantly affected the soybean consumption in Indonesia. Second, in the short-term, the soybean price and per capita income disrupt the equilibrium of soybean consumption, while in the long-term, the consumption of soybean will reach back to its equilibrium. Third, the real exchange rate, per capita income, and soybean consumption significantly affected soybean imports in Indonesia. Fourth, the real exchange rate and per capita income disrupts the soybean import in short-term, but it will reach back to its equilibrium in the long-term. Accordingly, it is strongly recommended for the Indonesian government to reduce soybean imports by increasing soybean production and establishing local soybean prices, so that the soybean farmers would feel advantaged. Type of paper: Empirical

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Section: Literature Reviewmentioning

confidence: 99%

The Equilibrium Analysis of Consumption and Imports of Soybean in Indonesia

Aimon¹,

Adry²,

Azhar³

2017

Proceedings of the International Conference on Business and Management Research (ICBMR-17)

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“…Trade-related policies are an important element of an overall agenda of boosting services sector productivity and competitiveness. Recent research shows, for example, that services sectors that are more open to international competition tend to be more productive, and experience faster productivity growth (Miroudot et al 2010). However, for these effects to become reality, it is necessary to have in place well-functioning labor and capital markets so as to facilitate the movement of resources towards more productive firms.…”

Section: Figure 1: Per Capita Income In Ppp Terms Vs Services As a Pmentioning

confidence: 99%

“…First, we use new data on trade costs in services compiled by Miroudot et al (2010). The authors use a theory-consistent methodology to compute all-inclusive ad valorem equivalent measures of the cost of trading services internationally relative to the cost of trading them domestically.…”

Section: Trade Costs In Services Marketsmentioning

confidence: 99%

“…Although the numbers produced in this way are sensitive to model parameters, the pattern of trade costs across countries and through time is not. It is important to be aware, however, that trade costs in the Miroudot et al (2010) methodology are not akin to measures of protection. They include a far wider range of cost factors, some of which are amenable to policy interventions, and some of which are not.…”

Section: Trade Costs In Services Marketsmentioning

confidence: 99%

“…In services sectors, trade costs are partly related to regulatory measures, some of which can act as de facto protection, but also geographical, cultural, and institutional differences. The Miroudot et al (2010) measures take account of all of these factors together. Due to data limitations, the authors only cover pure cross-border services trade (GATS Mode I).…”

Section: Trade Costs In Services Marketsmentioning

confidence: 99%

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Services as a New Engine of Growth for ASEAN, the People’s Republic of China, and India

Shepherd¹,

Pasadilla²

2012

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in Asian Development Bank InstituteThe Working Paper series is a continuation of the formerly named Discussion Paper series; the numbering of the papers continued without interruption or change. ADBI's working papers reflect initial ideas on a topic and are posted online for discussion. ADBI encourages readers to post their comments on the main page for each working paper (given in the citation below). Some working papers may develop into other forms of publication. This is a revised version of a background paper prepared for the Asian Development Bank (ADB)/ADBI study Role of Key Emerging Economies-ASEAN, the People's Republic of China, and India-for a Balanced, Resilient, and Sustainable Asia.The authors are grateful to Biswa Nath Bhattacharyay, Peter Petri, an anonymous reviewer, and participants at ADBI workshops for many helpful comments and suggestions, as well as to Ejaz Ghani, Pablo Gottret, and Annemie Maertens for generously sharing research and data.The views expressed in this paper are the views of the authors and do not necessarily reflect the views or policies of ADBI, the ADB, its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms.Asian Development Bank Institute Kasumigaseki Building 8F 3-2-5 Kasumigaseki, Chiyoda-ku Tokyo 100-6008, JapanTel:+81-3-3593-5500 Fax:+81-3-3593-5571 URL:www.adbi.org E-mail: info@adbi.org AbstractDevelopment of a vibrant and competitive services sector is a key characteristic of modern economies. In the developed world, services frequently account for two-thirds or three-quarters of all economic activity. The transition from agriculture through manufacturing to a services economy has been the hallmark of economic development for many countries. In line with this trend, we see many emerging markets currently working hard to support and develop services industries, and to put in place the regulatory structures required for more integrated international services markets. Doing so is likely to form an important part of efforts to avoid the so-called "middle income trap", as improving services sector productivity is key to invigorating the economy and supporting the sustained innovation needed to move to high income status.

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Bilateral Trade Costs and Growth of Trade in Services: A Comparative Study of India and China

Roy

Mathur

2017

Theorizing International Trade

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Measuring the cost of international trade in services

Cited by 89 publications

References 14 publications

The Equilibrium Analysis of Consumption and Imports of Soybean in Indonesia

The Equilibrium Analysis of Consumption and Imports of Soybean in Indonesia

Services as a New Engine of Growth for ASEAN, the People’s Republic of China, and India

Bilateral Trade Costs and Growth of Trade in Services: A Comparative Study of India and China

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