Services trade and labor market outcomes: Evidence from Italian firms

Abstract

Over the last few decades, the process of globalization has been characterized by the increasing role of services in international trade. The total value of cross-border services transactions amounted to 3.7 trillion US Dollars in 2017 (WTO, 2019). Counting other modes of services trade provision, including through a commercial presence in the importing country, the figure rises to 13.3 trillion US Dollars. In general, world trade in services has been growing faster than trade in goods (WTO, 2019). Internationally traded services are also increasingly used in production processes and embedded in production outputs, responding to technological progress and to

Effects of foreign direct investment in services on input imports of manufacturing firms: Evidence from China

“…First, it contributes to the growing empirical studies on the relationship between FDI in services and manufacturing firms by detecting two underestimated channels, including financial constraint relief and remote coordination cost reduction. Existing studies confirm that FDI in services is a source of positive spillovers on manufacturing firms, as the entry of foreign service suppliers improves variety, availability, and quality and reduces the price of service inputs (Arnold et al, 2016;Bamieh et al, 2022;Bas, 2014;Fernandes & Paunov, 2012;Lee, 2019;Peng et al, 2022). In the past two decades, network-intensive services, including transport, telecommunication, financial, and business services, become the main recipients of FDI.…”