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1 Services as a Determinant of Botswana’s Economic Sustainability  / 2022 /  International Journal of Environmental Research and Public Health  / vol.19, no.22, pp.15401 / 

10.3390/ijerph192215401
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10.25295/fsecon.1505496

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East Asian Economic Review Vol. 11, No. 1, 2007. pp. 3-24.

DOI https://dx.doi.org/10.11644/KIEP.JEAI.2007.11.1.162

Number of citation : 2

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Trade in Services and Economic Growth

Author

Soonchan Park

Kongju National University

spark@kongju.ac.kr
Creative Commons Attribution License

EAER is an open access journal distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license.

Abstract

Services account for a large share of output in developed countries and international trade in services has been rapidlyServices account for a large share of output in developed countries and international trade in services has been rapidly increasing since 1980. However, there are a limited number of empirical studies on the relationship between openness in services trade and economic growth. This paper applies a dynamic panel approach to examine the impacts of trade in services and openness on economic growth for industrialized countries during the period 1980-2000. The findings show that imports of services have a significant positive impact on economic growth. Furthermore, empirical results suggest that the level of openness in services (measured by imports to GDP) also affects growth, and not just changes in openness.

JEL classification: F1, F2, F5, L80

Keywords

Trade in Services, Level of Openness, Changes in Openness, Economic Growth

Language

Korean

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