Trade and innovation in services

Leonardo Iacovone, Aaditya Mattoo, Andrés Zahler, 15 September 2013

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The literature on innovation and international trade has, until recently, focused almost exclusively on the manufacturing sector. This is not surprising because the bulk of international trade has been in manufactured products and innovation has traditionally been associated with new or improved physical products.

Topics: Development, Productivity and Innovation
Tags: manufacturing, services

The real exchange rate and export growth: Are services different?

Barry Eichengreen, Poonam Gupta, 18 January 2013

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The role of exports in economic growth and, in turn, of the real exchange rate in export promotion features prominently in literature on development and globalisation (Rodrik 2009, Haddad and Pancaro 2010). Much of this literature dates, however, from an era when ‘exports’ meant ‘exports of merchandise‘.

Topics: Exchange rates, International trade
Tags: exchange rates, exports, services

Spatial disparities in India: Have Mumbai and Chennai become too congested?

Klaus Desmet, Ejaz Ghani, Stephen D O'Connell, Esteban Rossi-Hansberg , 13 June 2012

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In the last two decades the Indian economy has been growing at unprecedented rates, but that development has led to widening spatial disparities. While some cities such as Hyderabad have become major high-tech hubs with world-class companies and real estate developments reminiscent of Silicon Valley, many other places remain mired in poverty and stagnation.

Topics: Development, Industrial organisation, Productivity and Innovation
Tags: Chennai, India, manufacturing, Mumbai, services

Are China and India converging?

Ejaz Ghani, 23 January 2012

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Both China and India have attracted global attention for rapid growth, but their growth patterns are very different (Rajan 2006, Pack 2008, Bosworth and Maertens 2010). China took the conventional route of manufacturing-led growth and is recognised as a global leader in manufactured exports.

Topics: Development, International trade
Tags: China, India, manufacturing, services

Boosting growth in high-debt times: The role of service deregulation

Federico Cingano, Guglielmo Barone, 6 December 2011

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Many European countries face the challenge of credibly reducing their debt-to-GDP ratios. Boosting output growth is therefore an urgent and key political and economic priority.

Topics: Productivity and Innovation
Tags: growth, services

Services trade liberalisation and regulatory reform: Re-invigorating international cooperation

Bernard Hoekman, Aaditya Mattoo, 24 December 2010

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Trade in services has a mountain to climb. In both high-income and developing countries, the barriers to trade and restrictions on investment in the services sector are far higher than for the goods sector. In emerging markets the discrepancy is even more severe (see Figure 1 and Borchert et al. 2010). The costs of such policies are big and wide.

Topics: International trade
Tags: Doha Round, services, trade

Regulatory reform in services sectors: The missing explanation for the revival of Indian manufacturing?

Jens Matthias Arnold, Beata Javorcik, Molly Lipscomb, Aaditya Mattoo, 12 October 2010

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A vital element of India’s rapid economic growth since the early 1990s has been the impressive performance of its manufacturing industries. Output in manufacturing grew by 5.7% per year in the period 1993-2005, while exports grew at almost twice that rate (Reserve Bank of India 2008).

Topics: Development, International trade
Tags: India, international trade, liberalisation, services

The service revolution in India

Ejaz Ghani, 25 February 2010

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The story of Hyderabad – the capital of the Indian state of Andhra Pradesh – is truly inspiring for late-comers to development. Within two decades, Andhra Pradesh has catapulted itself straight from a poor and largely agricultural economy into a major service centre.

Topics: Development
Tags: development, India, industrialisation, services

Leading with services: The dynamics of transatlantic negotiations in services

Patrick A Messerlin, Erik van der Marel, 31 July 2009

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Services providers are busy redesigning their strategies for coping with the ongoing economic crisis. To take the appropriate decisions, they need predictable future market access in services. Meanwhile, as many services are still highly protected, opening services markets would deliver large benefits to consumers impoverished by the crisis.

Topics: International trade
Tags: Doha Round, services, trade negotiations

The historical roots of India’s booming service economy

Stephen Broadberry, Bishnupriya Gupta, 9 May 2008

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India’s recent spectacular rate of economic growth, combined with the sheer size of its population, means that it is beginning to take its place as one of the key players in the global economy.1 One way in which India stands out from other Asian economies is in the better performance of its service sector.

Topics: Development, Economic history, Productivity and Innovation
Tags: India, services

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