Services Trade Restrictiveness Index (STRI): The Trade Effect of Regulatory Differences

Nordås, Hildegunn Kyvik

doi:10.1787/5jlz9z022plp-en

Cited by 16 publications

(13 citation statements)

References 7 publications

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“…One should be cautious in such a comparison as commitments indices are not constructed the same way as the STRI. But for example, if we compare the above elasticities with the ones estimated in the paper on the trade effect of regulatory differences (Nordås, 2016), they are two to three times smaller (in absolute terms since for commitments the higher the index the higher the volume of trade). A comparison with the results from Benz (2017) -although these results highlight non-linear effects and are expressed as tariff equivalents-suggests elasticities also two to three times lower than those estimated for the STRI.…”

Section: Pooled Regression and Regression Results By Sectormentioning

confidence: 83%

The value of market access and national treatment commitments in services trade agreements

Lamprecht

Miroudot

2018

OECD Trade Policy Papers

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JEL Classification: F13, F15 OECD TRADE AND AGRICULTURE DIRECTORATEThis paper is published under the responsibility of the Secretary-General of the OECD. The opinions expressed and the arguments employed herein do not necessarily reflect the official views of OECD countries.The publication of this paper has been authorised by Ken Ash, Director of the Trade and Agriculture DirectorateComments are welcome and should be sent to tad.contact@oecd.org. © OECD (2018)You can copy, download or print OECD content for your own use, and you can include excerpts from OECD publications, databases and multimedia products in your own documents, presentations, blogs, websites and teaching materials, provided that suitable acknowledgment of OECD as source and copyright owner is given. All requests for commercial use and translation rights should be submitted to rights@oecd.org. OECD TRADE POLICY PAPERS N°213 © OECD 2018 THE VALUE OF MARKET ACCESS AND NATIONAL TREATMENT COMMITMENTS IN SERVICES TRADE AGREEMENTS Philipp Lamprecht and Sébastien MiroudotThis paper looks at market access and national treatment commitments for services in the General Agreement on Trade in Services (GATS) and in 95 regional trade agreements (RTAs) involving the countries that are covered in the OECD Services Trade Restrictiveness Index (STRI). The objective is to quantify the impact of legal bindings on trade in services that result from a reduction in the uncertainty faced by exporters. Bilateral bindings indices are created for five broad service sectors (professional services, computer services, telecoms, financial services and transport services). They indicate how close the sector is from a fully bound regime with no possibility to introduce any new trade barrier, by comparing commitments with the actual trade regime.These bilateral indices are then tested over the period 2000-2014 in a structural gravity model. Despite differences across sectors, the results confirm that the legal bindings typically found in services trade agreements tend to have a positive impact on exports even if no actual liberalisation takes place. -THE VALUE OF MARKET ACCESS AND NATIONAL TREATMENT COMMITMENTS IN SERVICES TRADE AGREEMENTS OECD TRADE POLICY PAPERS N°213 © OECD 2018 Executive SummaryThis paper looks at market access and national treatment commitments for services in the General Agreement on Trade in Services (GATS) and in 95 regional trade agreements (RTAs) involving the countries that are covered in the OECD Services Trade Restrictiveness Index (STRI). The objective is to quantify the impact of legal bindings on trade in services that result from a reduction in the uncertainty faced by exporters.Two studies (Ciuriak and Lysenko, 2016; Albert and Tucci, 2016) have already found a positive and significant impact on trade when services commitments in GATS are closer to the applied trade regime. These two studies rely on previous OECD work assessing the 'water' in the GATS, i.e. the discrepancy between the level of restrictiveness permitted by legal bindings in t...

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Section: Pooled Regression and Regression Results By Sectormentioning

confidence: 83%

The value of market access and national treatment commitments in services trade agreements

Lamprecht

Miroudot

2018

OECD Trade Policy Papers

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“…However, as reported in Nordås and Rouzet, (2015;2016), credit to the private sector is significantly lower in countries with a high score on the STRI for commercial banking than countries with a low score on the STRI. That analysis classifies countries into three categories of services trade restrictiveness (low, medium and high).…”

mentioning

confidence: 71%

“…Nordås and Rouzet (2015;2016) show the negative impact of the STRI on services trade and manufacturing trade, while Nordås (2016) presents evidence that not only the level of the STRI but also the regulatory heterogeneity captured in the STRI has a negative effect on bilateral trade.…”

mentioning

confidence: 99%

Services and Performance of the Indian Economy

Benz

Khanna²,

Nordås³

2017

OECD Trade Policy Papers

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“…One important caveat of the analysis is that bilateral trade in services will be affected by differences in the regulatory approaches of countries which are not currently captured in this analysis (see Nordås, 2016). Another important caveat is that bilateral services trade data, derived from national accounts, does not identify what is or what is not effectively digitally delivered.…”

Section: Digital Connectivity Is Also Important For Trade In Digitallmentioning

confidence: 99%

Digital Trade and Market Openness

González¹,

Ferencz²

2018

OECD Trade Policy Papers

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This paper is published under the responsibility of the Secretary-General of the OECD. The opinions expressed and the arguments employed herein do not necessarily reflect the official views of OECD countries. The publication of this paper has been authorised by Ken Ash, Director of the Trade and Agriculture Directorate. The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. The use of such data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the West Bank under the terms of international law. This document has been declassified on the responsibility of the Working Party of the Trade Committee under the OECD reference number TAD/TC/WP(2018)3/FINAL.

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Services Trade Restrictiveness Index (STRI): The Trade Effect of Regulatory Differences

Cited by 16 publications

References 7 publications

The value of market access and national treatment commitments in services trade agreements

The value of market access and national treatment commitments in services trade agreements

Services and Performance of the Indian Economy

Digital Trade and Market Openness

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