How demand scale affect services exports? Evidence from financial development perspective

Kong, Qunxi; Shen, Chenrong; Chen, Afei; Peng, Dan; Wong, Zoey

doi:10.1016/j.ribaf.2021.101428

Cited by 13 publications

(3 citation statements)

References 24 publications

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“…However, it is not clear whether this expansion of the sector is associated with higher commercial services exports. Kong et al (2021) have obtained that an increase in the size of the domestic market can signi cantly enhance countries' service exports. The extent to which the expansion of domestic market affects services exports is an empirical matter.…”

Section: Model Speci Cationmentioning

confidence: 99%

Effect of the accession to the world trade organization on commercial services exports

Gnangnon

2024

Structural Change and Economic Dynamics

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Section: Model Speci Cationmentioning

confidence: 99%

Effect of the accession to the world trade organization on commercial services exports

Gnangnon

2024

Structural Change and Economic Dynamics

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“…Thus, the effect of the population size on modern and traditional services exports is to be determined empirically. Kong et al (2021) have uncovered that a greater size of the domestic market can significantly boost a country's service exports. However, countries with larger populations may not necessarily export more services items than countries with smaller populations, in particular if domestic trading firms opt for primarily satisfying the demand for services in the domestic market.…”

Section: Effect Of the Population Sizementioning

confidence: 99%

The least developed countries' Services Waiver, Aid for Trade for services and services exports

Gnangnon

2023

World Economy

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In 2011, Trade Ministers of the World Trade Organisation (WTO) adopted a Decision that allows WTO Members to accord preferential treatment to services and service suppliers originating in least‐developed countries (LDCs). In 2013, another Ministerial Decision was adopted to operationalise the 2011 Waiver Decision. This paper has examined whether the Waiver Decision had been effective in promoting LDCs' commercial modern and traditional services exports and whether Aid for Trade (AfT) flows in favour of the services sectors were instrumental in achieving this objective. The analysis has used 43 LDCs over the period 2005–2018 and the difference‐in‐difference framework along with the two‐step system generalised method of moments estimator. The control group includes 20 Low‐Income Countries (designated as such by the International Monetary Fund) from which LDCs (as defined by the United Nations) are excluded. The analysis has revealed that the Waiver Decision led to higher modern commercial services exports at the expense of traditional commercial services exports. Moreover, as LDCs improved their trading capacity over time (thanks to the cumulative AfT flows for services), the Waiver Decision induced greater modern commercial services exports, but exerted a mixed effect on LDCs' traditional services exports.

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“…As financial development could promote services exports (e.g. Kong et al, 2021), its effect on services export diversification would depend on whether financial institutions, including banks, finance the development of current services export activities-in which case financial development would lead to greater services export concentrationor whether they encourage the development of new services export items by financing new services export items. In this case, financial development would be associated with a higher level of services export diversification.…”

Section: Model Specification and Econometric Strategy 31 Model Specif...mentioning

confidence: 99%

The real exchange rate and services export diversification

Gnangnon

2022

JES

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PurposeThe relationship between real exchange rate and services export diversification is at the heart of this study.Design/methodology/approachThe analysis is performed using a sample of 113 countries over the period 1985–2014, and the 2-step system Generalized Method of Moments (GMM) approach. The analysis uses both the Theil index and Herfindahl–Hirschman index of services export concentration.FindingsThe analysis shows that over the full sample, the real effective exchange rate appreciation induces a greater services export diversification. This outcome applies to high-income countries and developing countries. However, the positive effect of the appreciation of the real exchange rate on services export concentration is lower in least developed countries than in other countries. Finally, the effect of the appreciation of the real exchange rate on services export concentration in tax haven countries depends on the indicator of services export concentration, as this is positive for the Theil index and negative for the Herfindahl–Hirschman index of services export concentration.Research limitations/implicationsThese findings highlight the strong influence of real exchange policies on countries' path of services export diversification.Originality/valueTo the best of the authors' knowledge, this topic is being addressed in the empirical literature for the first time.

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How demand scale affect services exports? Evidence from financial development perspective

Cited by 13 publications

References 24 publications

Effect of the accession to the world trade organization on commercial services exports

Effect of the accession to the world trade organization on commercial services exports

The least developed countries' Services Waiver, Aid for Trade for services and services exports

The real exchange rate and services export diversification

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