服务贸易与货物贸易的差异和互补外文翻译.docVIP

外文翻译 原文 Trade in Services and Trade in Goods: Differences and Complementarities Material Source: April 2009,The Vienna Institute for International Economic Studies Author: Carolina Lennon Abstract Despite the increasing importance of services in national economies (accounting for about 50-70 % of internal product), in global economy (accounting for the 20 % of global trade) and in public opinion (i.e. US Concern about Mexican workers due to migration laws or the case of the “polish plumbers” in France at the time of European Constitution referendum) there is no economic consensus about the way in what services should be considered in trade liberalization analyses. The double purpose of this paper is; first, to empirically determine to what extent trade in services differs from trade in goods and, second, to explore for potential complementarities between bilateral trade in goods and bilateral trade in services. For our first goal we regress a set of equations derived from the gravitational model and for the second we instrument bilateral trade for both services and goods in order to analyses potential causalities of each type of flow in the other. Main results show that “bilateral trust and contract enforcement environment”, “networks”, “labor markets” and “technology and technology of communication” have higher impact on service trade than on trade in goods; finally, after incrementing for endogenously, we found that bilateral trade in goods explains bilateral trade in services: the resulting estimated elasticity is close to 1.Reciprocally, though in a lower extent, bilateral trade in services affects positively bilateral trade in goods: a 10% increase in trade in services raises traded goods by 4.6%. 1 Introduction The services sector is the biggest contributor to a country’s economy, its contribution increases with the level of development of countries, ranging from 47 percent of countries’ GDP in the case of low income countries t