International Trade in Services and Economic Growth : The Case of Jordan = التجارة الدولية في الخدمات و النمو الاقتصادي : حالة الأردن

2015 ◽  
Vol 2 (2) ◽  
pp. 181-197
Author(s):  
Buthaina M. A. Muhtaseb
Keyword(s):  
Economic Growth ◽  
International Trade ◽  
Trade In Services

FDI and Trade in Services Towards Sustainable Economic Growth

2020 ◽  
pp. 369-381
Author(s):  
Madhabendra Sinha ◽  
Partha Pratim Sengupta
Keyword(s):  
Economic Growth ◽  
International Trade ◽  
Global Economy ◽  
Service Sector ◽  
Substantial Improvement ◽  
Least Square ◽  
Seasonal Effects ◽  
Current Phase ◽  
Trade In Services ◽  
Sustainable Economic Growth

The paper empirically investigates the inter-linkage between FDI inflow and international trade in service sector in India. Service sector emerges as the fastest growing sector worldwide during current phase of globalization, contributing more than 60 percent of output and almost 35 percent of trade in global economy. The sector also accounted for 63 percent of global stock of FDI. With hosting a large amount of FDI inflow, Indian service sector is also identified globally due to its substantial improvement in growth and export in international market. So there needs a study to explore the theoretically established causal relationship between FDI inflow and international trade in services towards sustainable and service led economic growth in India. The authors collect monthly data from DIPP, Government of India and RBI over a globally witnessed emerging period from January 2009 to June 2016 and apply ADF and PP unit root tests followed by least square estimation after testing the seasonal effects. Their findings imply unidirectional causality between FDI inflow and export Indian services.

FDI and Trade in Services Towards Sustainable Economic Growth

2017 ◽  
Vol 6 (1) ◽  
pp. 22-33
Author(s):  
Madhabendra Sinha ◽  
Partha Pratim Sengupta
Keyword(s):  
Economic Growth ◽  
International Trade ◽  
Global Economy ◽  
Service Sector ◽  
Substantial Improvement ◽  
Least Square ◽  
Seasonal Effects ◽  
Current Phase ◽  
Trade In Services ◽  
Sustainable Economic Growth

The paper empirically investigates the inter-linkage between FDI inflow and international trade in service sector in India. Service sector emerges as the fastest growing sector worldwide during current phase of globalization, contributing more than 60 percent of output and almost 35 percent of trade in global economy. The sector also accounted for 63 percent of global stock of FDI. With hosting a large amount of FDI inflow, Indian service sector is also identified globally due to its substantial improvement in growth and export in international market. So there needs a study to explore the theoretically established causal relationship between FDI inflow and international trade in services towards sustainable and service led economic growth in India. The authors collect monthly data from DIPP, Government of India and RBI over a globally witnessed emerging period from January 2009 to June 2016 and apply ADF and PP unit root tests followed by least square estimation after testing the seasonal effects. Their findings imply unidirectional causality between FDI inflow and export Indian services.

DEVELOPMENT OF THE WORLD MARKET OF SERVICES IN TURBULENCE CONDITIONS AND CHANGES

2017 ◽  
Author(s):  
Larysa Nosach ◽  
◽  
Victoria Morgun ◽  
Keyword(s):  
Economic Development ◽  
International Trade ◽  
Service Sector ◽  
World Market ◽  
Global Dimension ◽  
Trade In Services ◽  
Current State ◽  
The World

The author's research of the current state and features of the development of the world market for services in conditions of turbulence of world processes was carried; the world leaders of the service sector in the global dimension and leaders of the most dynamic articles of service categories were identified; the share of world exports of services by countries by the level of their economic development was justified; weaknesses in the assessment of indicators of international trade in services were identified; the research is based on UNCTAD statistics.

Trade in Services: Removing Barriers

1983 ◽  
Vol 16 (01) ◽  
pp. 17-24
Author(s):  
Joan Edelman Spero
Keyword(s):  
International Trade ◽  
Data Processing ◽  
International Organizations ◽  
Service Sector ◽  
Trade In Services ◽  
National Examination ◽  
First Time

The meeting of the ministers of the General Agreement on Tariffs and Trade (GATT) in Geneva last November produced a little-noted but significant accomplishment. In the final hours of difficult, and at times acrimonious, debate, the ministers agreed to initiate a study on international trade in services–industries such as banking, insurance, communications, data processing, engineering and shipping. In the text of the final communique, GATT's contracting parties agreed to:• Recommend that each contracting party undertake a national examination of service sector issues;• Invite contracting parties to exchange this information among themselves and through international organizations, such as the GATT, on as uniform a basis as possible; and• Review the information at their 1984 session to determine whether a multilateral framework on services is desirable, and, if so, how to proceed.Although a modest step, the accord marks an economic milestone, for it is the first time that GATT's contracting parties have agreed to examine trade in services with the possibility of expanding international trade rules to cover services as well as goods.

International Trade and Economic Performance in Tanzania: Further Evidence

2021 ◽  
pp. 1-17
Author(s):  
Ally A. L. Kilindo
Keyword(s):  
Economic Growth ◽  
International Trade ◽  
Economic Performance ◽  
Trade Restrictions ◽  
Correction Model ◽  
Spurious Regression ◽  
Long Run ◽  
Reform Period ◽  
Manufactured Goods

Abstract The study investigated the role of international trade in economic performance in Tanzania for the post reform period, from 1980 to 2018. International trade is measured by disaggregated imports and exports while economic performance is measured by GDP growth. Exports are disaggregated into manufactured goods and non-manufactured goods while imports are disaggregated into capital goods and intermediate goods. To obtain robust non-spurious regression results, Dickey-Fuller (D-F) and Phillips-Peron (PP) Unit Root tests were performed. Johansen Co-integration tests were employed to investigate long-run relationships between export, imports and economic growth. The Johansen test suggested a long-run relationship between international trade and its components and economic development. In addition, the Error Correction Model (ECM) results further supported a long-run relationship between international trade and economic growth in Tanzania. This calls for further opening of the economy and further liberalisation of trade restrictions.

POSSIBILITIES OF REALIZATION OF SERVICE SECTOR POTENTIAL IN THE GLOBAL ECONOMY

2021 ◽  
Author(s):  
Oksana Melnichuk
Keyword(s):  
International Trade ◽  
Gross Domestic Product ◽  
Global Economy ◽  
World Economy ◽  
Service Sector ◽  
Developing Economies ◽  
Domestic Product ◽  
Trade In Services ◽  
Services Sector ◽  
The World

The relevance of the study is due to the growing role of services in the world economy. Trade in services has become the dominant driver of economic growth and development in both developed and developing economies. Since the 1980s, data suggest that there is a stronger relationship between trade in services and gross domestic product (GDP) than in the case of commodity growth and GDP. It is noted that the quality of policies, regulations and institutional frameworks is a key factor in determining the effectiveness of services. As services are increasingly subject to liberalization through multilateral and regional trade agreements, it is important that countries develop harmonized approaches to internal regulation and trade liberalization in the services sector. The article identifies the features and characteristics of the service sector as a factor of multifaceted development and growth. The dynamics of international trade in services by geographical structure and types of development of countries is studied on the basis of statistical data of international organizations, taking into account the impact of the pandemic. It is noted that international trade in services is becoming an increasingly important part of global commerce. The problematic aspects of the activity of small business entities to enter foreign markets of services are considered. The issue of urgency of digital economy development for the sphere of services and contribution to world markets is outlined. Opening up the services sector has the potential to bring great benefits and deserves more attention. Further prospects for the realization of entrepreneurial potential in a comprehensive global economy are outlined. It is noted that services are an important part of the world economy, generating more than two-thirds of world gross domestic product (GDP), attracting more than three-quarters of foreign direct investment in developed economies, and creating most of new jobs worldwide. Establishing effective coordination mechanisms between trade negotiators, policymakers and regulators will be an important tool for the development of the global economy.

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