Date: 2017
Type: Working Paper
Economic governance, regulation and services trade liberalization
Working Paper, EUI RSCAS, 2017/27, Global Governance Programme-265, Global Economics
FIORINI, Matteo, HOEKMAN, Bernard M., Economic governance, regulation and services trade liberalization, EUI RSCAS, 2017/27, Global Governance Programme-265, Global Economics - https://hdl.handle.net/1814/46491
Retrieved from Cadmus, EUI Research Repository
Many agreements to liberalize trade in services tend to be limited in scope. Concerns about possible negative regulatory consequences of services liberalization is one reason for this. In this paper we provide quantitative estimates of the impact of governance quality on the magnitude of the potential productivity gains of external services trade liberalization, and, in the context of the EU, their distribution across member states. Our findings suggest that greater effort to design trade agreements with a view to improving economic governance would benefit both the EU as well as its trading partners. There is significant scope to incorporate elements of the approaches that have been used in the EU single market context into external trade agreements, and to use the latter to further the realization of a single EU market for services.
Cadmus permanent link: https://hdl.handle.net/1814/46491
ISSN: 1028-3625
Series/Number: EUI RSCAS; 2017/27; Global Governance Programme-265; Global Economics
Keyword(s): Trade in services Regulation Trade agreements Economic governance F13 F15 O43
Other topic(s): Trade, investment and international cooperation