GTAP Resources: Resource Display
| GTAP Resource #5753 |
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"Barriers to International Trade in Services – New Evidence from the World Bank-WTO Database" by Borchert, Ingo, Batshur Gootiiz, Joscelyn Magdeleine, Juan A. Marchetti and Aaditya Mattoo Abstract Better information on how services policies vary across countries and sectors over time would improve the empirical analysis of their impact. This paper presents a new Services Trade Policy Database (STPD) jointly developed by the World Bank and the WTO, and an updated index of trade restrictiveness, which builds on a previous World Bank quantification exercise. The STPD offers comparable information on services trade policies for 68 economies in 23 subsectors across five broad sectors—financial services, telecommunications, distribution, transportation and professional services—at two points in time (2008/09 and 2016). Data are collected according to a newly developed policy classification that is consistent with both the earlier World Bank database and the current OECD database, which enables for the first time a comparison of services policies over a long period of time for a large cross-section of industrial and developing economies. Also, the Database contains information not just on core trade policies but also other increasingly relevant regulatory measures, such as licensing conditions and restrictions on cross-border data flows. Policy restrictiveness is quantified following an approach that aggregates the information within a single consistent and transparent framework. The paper then identifies global patterns of services trade policies as well as secular trends therein over the past decade. Higher income economies are still more open on average than developing countries in most sectors, except for distribution, road and air transport. In contrast to recent changes in goods trade policy, services trade regimes are generally becoming more open. The liberalization of previously highly restricted transport and professional services sectors is leading to greater convergence in policies across economies. But we also see a retreat from openness in the retail, air transport and insurance sectors in several economies. |
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- Multilateral trade negotiations - Trade in services - Other data bases and data issues |
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Last Modified: 9/15/2023 2:05:45 PM
