International Trade in Services: Structural Determinants of Balance of Services
International Trade in Services: Structural Determinants of Balance of Services
Author(s): Ondřej ŠímaSubject(s): Economic history, International relations/trade, Economic development, Post-War period (1950 - 1989), Transformation Period (1990 - 2010), Financial Markets
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: international trade; balance of services; services;
Summary/Abstract: The paper aims to highlight the importance of services as an integral component of international trade and, in particular, to identify structural determinants affecting their balance. The analysis is made using panel regression for 1980 – 2016 and includes all the world countries. The text is based on approaches of international trade theory concerning specific features associated with services. Significant factors affecting the balance of services include the presence of foreign direct investment, financial sector development level, geographic factors, human capital stock and interaction between the balance of services and balance of goods.
Journal: Ekonomický časopis
- Issue Year: 70/2022
- Issue No: 02
- Page Range: 188-208
- Page Count: 21
- Language: English