Cosimo Beverelli, Matteo Fiorini, Bernard Hoekman, 16 October 2015

There is some evidence suggesting a positive effect of services trade liberalisation on the productivity of manufacturing. This column argues that such an effect is conditional on the institutions within a country. Countries with better economic governance benefit more from open services trade policies. Higher quality institutions attract more productive services providers and support higher levels of services performance.

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CEPR Policy Research