During the Global Crisis, trade in goods collapsed dramatically. Surprisingly, however, trade in services continued its upward trend. This column discusses how goods and services exporters reacted to the crisis and suggests that services exports are less sensitive to income shocks in destination countries.
Andrea Ariu, 03 October 2016
We invite submissions of papers and expressions of interest in attending the Second Empirical Investigations in Services Trade (EIST) conference. The meeting will take place on June 15-16 in Florence, Italy, hosted by the Global Governance Programme of the Robert Schuman Centre, European University Institute.
The theme of the conference is economic analysis of trade and investment in services. We welcome submissions related to any aspect of international trade and investment in services, including empirical analyses of sectoral policy and regulation and trade and investment agreements, analysis using firm-level data, and papers on the role of services in value chains.
Lucian Cernat, 08 December 2014
The world of international trade has been in constant evolution since the rise of containerisation. This column makes the case for the need to upgrade our toolbox for trade policy analysis. An upgraded "Trade Policy Analysis 2.0" would be based on firm-level statistics and a much more refined product disaggregation, both of which are now becoming widely available.
Filippo di Mauro, 11 March 2014
Policies aimed at enhancing firm productivity may greatly benefit from firm-level evidence. Unfortunately, micro-founded data, particularly of cross-country nature, remain largely unavailable. This column presents a new firm-level database built by a research network of the EU system of central banks (CompNet). This data base allows investigating how firm size and labour costs interact at different levels of productivity. This new cross-country data base, and its potential to expand, could be of great policy value.
Jamal Haidar, 18 February 2012
Recent theoretical and empirical trade research has shifted from analysing aggregate trade flows to studying the behaviour of exporters. This column examines the case of Jordan and finds that multi-product exporters in Jordan look remarkably similar to their US and French counterparts, confirming the predictions of recent theoretical models. It adds that this implies the policy focus should be on raising the number of exporters, not on helping the existing superstars.
Holger Breinlich, Chiara Criscuolo, 02 July 2010
Services trade accounts for a large and growing share of international trade - but we know very little about the firms carrying out this trade. Using firm-level data from the UK between 2000 and 2005, this column paints a detailed picture of importers and exporters of services, and discusses some of the resulting implications for economic policy.
Wendy Carlin, Mark Schaffer, Paul Seabright, 17 February 2010
How much do institutions matter? This column provides a new insight into measuring their effects, suggesting that a survey of managers’ perceptions of the impact of institutions should be used as an estimate of the effect. It finds that the combined impact of improving public inputs in low-income countries to their level in high-income ones is equivalent to raising output by about 20%.