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The crisis-resilience of services trade

journal contribution
posted on 2023-06-08, 11:46 authored by Ingo BorchertIngo Borchert, Aaditya Mattoo
Much attention has been focused on the impact of the urrent crisis on goods trade; hardly any on its impact on services trade. Using new trade data from the USA, and more aggregate data from other OECD countries, the authors show that services trade is weathering the current crisis much better than goods trade. On the basis of new evidence from Indian services exporters, it is suggested that services trade is more robust relative to goods trade for three reasons: less cyclical demand; lesser dependence on external finance; and few explicitly protectionist measures so far taken in services.

History

Publication status

  • Published

Journal

Service Industries Journal

ISSN

0264-2069

Publisher

Taylor & Francis

Issue

13

Volume

30

Page range

2115-2136

Department affiliated with

  • Economics Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2012-06-14

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