Date: 2018
Type: Article
Trade agreements, regulatory institutions and services liberalization
Global policy, 2018, Vol. 9, No. 4, pp. 441-450
FIORINI, Matteo, HOEKMAN, Bernard M., Trade agreements, regulatory institutions and services liberalization, Global policy, 2018, Vol. 9, No. 4, pp. 441-450
- https://hdl.handle.net/1814/60577
Retrieved from Cadmus, EUI Research Repository
Many agreements to liberalize trade in services tend to be limited in scope. This is a puzzle considering the high share of services in total employment and value added and relatively high barriers to trade in services in many countries. In this paper we argue that neglected complementarities between services trade policies and domestic regulation may help to understand the limited ambition on services observed in many trade agreements. We show that the productivity effects of services trade liberalization are conditional on regulatory quality. Our findings suggest that greater effort to design trade agreements with a view to improving regulatory quality may be a necessary condition for deepening the services coverage of trade agreements and will enhance the welfare gains from services trade liberalization.
Additional information:
First published: 20 August 2018
Cadmus permanent link: https://hdl.handle.net/1814/60577
Full-text via DOI: https://doi.org/10.1111/1758-5899.12583
ISSN: 1758-5880
Publisher: Wiley
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