Leonardo Iacovone, Aaditya Mattoo, Andrés Zahler, 15 September 2013

Service exports and innovation may be a source of dynamic growth for countries in the middle-income trap. This column presents new research showing some support for this optimistic view. That said, it’s clear that researchers need to improve their understanding of how firms in the services sector innovate and increase productivity, and whether better-tailored policies can promote trade and innovation in services.

Barry Eichengreen, Poonam Gupta, 18 January 2013

Increasingly, services form a larger and larger share a country’s exports. Do exchange rates matter as much for services and they do for goods exports? This column argues that they do. Distinguishing between traditional services (such as trade and transport, tourism, financial services and insurance) and modern services (such as communications, computers, information services) suggests that the effect of the real exchange rate is especially large for exports of modern services.

Klaus Desmet, Ejaz Ghani, Stephen O'Connell, Esteban Rossi-Hansberg, 13 June 2012

Will India’s rapid growth in the services sector lead to overcrowding of its cities? This column compares India’s experience to that of other countries.

Ejaz Ghani, 23 January 2012

Mention China and India to economists and their first thought will be rapid growth. Their second thought might be how differently the two economies are achieving this: China through manufacturing, India through services. This column asks whether that stereotype may be changing.

Federico Cingano, Guglielmo Barone, 06 December 2011

Many European countries face the challenge of credibly reducing their debt-to-GDP ratios. Boosting output growth is therefore an urgent and key political and economic priority. This column argues that increasing competition in the market for key upstream service activities – in particular, energy and professional services – could have sizeable effects on growth by improving the performance of downstream manufacturing industries.

Bernard Hoekman, Aaditya Mattoo, 24 December 2010

Trade in services is blighted by restrictive policy and is consequently one of the central issues in the Doha trade negotiations. Yet this column argues that even the best offers put forward are twice as restrictive as current policy and will generate no additional market openings. This column provides two proposals that aim to enhance the prospects of correcting this.

Jens Arnold, Beata Javorcik, Molly Lipscomb, Aaditya Mattoo, 12 October 2010

Conventional explanations for the post-1991 growth of India’s manufacturing sector focus on trade liberalisation and industrial de-licensing. This column examines 4,000 Indian firms from 1993 to 2005 and argues that a key factor for the success of Indian manufacturing may lie outside of manufacturing – in the services sector.

Ejaz Ghani, 25 February 2010

Which is the best route to development: Manufacturing or services? This column argues that India’s example of a “services revolution” – rapid growth and poverty reduction led by services – provides inspiration for late-comers to development and challenges the conventional wisdom that industrialisation is the only rapid route to economic development.

Patrick Messerlin, Erik van der Marel, 31 July 2009

Opening protected services markets would deliver large benefits to consumers – business, communication, and distribution services in the EC, US, and eight other economies represent almost one-third of world GDP. This column suggests the US and EC should launch transatlantic negotiations in services that would trigger plurilateral negotiations.

Stephen Broadberry, Bishnupriya Gupta, 09 May 2008

India stands out from other emerging economies because its growth has been led by the service sector rather than labour-intensive manufactures. This column summarises recent research showing that India has a long history of strength in services, and its service-led development may play to historical strengths rather than hindering its progress.

Pages

Events

CEPR Policy Research