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International trade in services in a globalised world
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This study focuses on international trade in services in an increasingly globalised world from two perspectives: the role of services in global value chains, using Norway as a case study, and the impact of regional economic integration and regulatory trade barriers on international trade in services. Following Koopman, Wang and Wei (2014) and using the international input-output tables of the World Input-Output Database (WIOD) released in 2016, this analysis reveals that Norway’s exports of services are higher than exports of manufactured goods if measured in value added terms. Using the Anderson and Van Wincoop (2003) gravity system, this study shows empirically that heterogeneous regulations across countries lower international trade in services.
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Palavras-chave
Value-added trade Gravity Services GVCs