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Article: A model of trade liberalization in services

TitleA model of trade liberalization in services
Authors
Issue Date2006
PublisherBlackwell Publishing Ltd. The Journal's web site is located at http://www.blackwellpublishing.com/journal.asp?ref=0965-7576&site=1
Citation
Review Of International Economics, 2006, v. 14 n. 1, p. 148-168 How to Cite?
AbstractThis paper develops an intra-industry service trade model taking into account important features of services. We find that service trade liberalization between identical economies is welfare enhancing when the pre-trade domestic market liberalization is limited. This holds regardless of the degree of trade liberalization and of the mode of supply. However, if the pre-trade environment is characterized by a free-entry equilibrium, then service trade liberalization is not necessarily welfare improving. It is welfare enhancing if the trade liberalization is full and the mode of supply is cross-border. The gain from trade in our model comes from the improvement in service quality - better matching between consumers' ideal varieties and firms' product specificity. The implications for the mode of supply in service trade are also explored. © 2006 The Authors; Journal compilation © Blackwell Publishing Ltd. 2006.
Persistent Identifierhttp://hdl.handle.net/10722/177735
ISSN
2015 Impact Factor: 0.558
2015 SCImago Journal Rankings: 0.518
References

 

DC FieldValueLanguage
dc.contributor.authorWong, CYPen_US
dc.contributor.authorWu, Jen_US
dc.contributor.authorZhang, Aen_US
dc.date.accessioned2012-12-19T09:39:45Z-
dc.date.available2012-12-19T09:39:45Z-
dc.date.issued2006en_US
dc.identifier.citationReview Of International Economics, 2006, v. 14 n. 1, p. 148-168en_US
dc.identifier.issn0965-7576en_US
dc.identifier.urihttp://hdl.handle.net/10722/177735-
dc.description.abstractThis paper develops an intra-industry service trade model taking into account important features of services. We find that service trade liberalization between identical economies is welfare enhancing when the pre-trade domestic market liberalization is limited. This holds regardless of the degree of trade liberalization and of the mode of supply. However, if the pre-trade environment is characterized by a free-entry equilibrium, then service trade liberalization is not necessarily welfare improving. It is welfare enhancing if the trade liberalization is full and the mode of supply is cross-border. The gain from trade in our model comes from the improvement in service quality - better matching between consumers' ideal varieties and firms' product specificity. The implications for the mode of supply in service trade are also explored. © 2006 The Authors; Journal compilation © Blackwell Publishing Ltd. 2006.en_US
dc.languageengen_US
dc.publisherBlackwell Publishing Ltd. The Journal's web site is located at http://www.blackwellpublishing.com/journal.asp?ref=0965-7576&site=1en_US
dc.relation.ispartofReview of International Economicsen_US
dc.titleA model of trade liberalization in servicesen_US
dc.typeArticleen_US
dc.identifier.emailWong, CYP: ypclemw@hku.hken_US
dc.identifier.authorityWong, CYP=rp01109en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1111/j.1467-9396.2006.00567.xen_US
dc.identifier.scopuseid_2-s2.0-33646696573en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-33646696573&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume14en_US
dc.identifier.issue1en_US
dc.identifier.spage148en_US
dc.identifier.epage168en_US
dc.publisher.placeUnited Kingdomen_US
dc.identifier.scopusauthoridWong, CYP=8902584200en_US
dc.identifier.scopusauthoridWu, J=7409250417en_US
dc.identifier.scopusauthoridZhang, A=7402772922en_US
dc.identifier.citeulike464837-

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