服务贸易的开放度与经济增长分析研究外文翻译.docVIP

外文翻译 原文 Openness in Services Trad? and Economic Growth Material Source: Economies Letters Volume92, IssueZ, 2006, p.277 一 283 Author: El Khoury Antoine and Savvides.Andrea abstract This paper examines the relationship between openness in services trade and economic growth. We estimate a threshold regression model to test whether openness in services trade has a different impact on low- and high-income countries. We consider openness in both telecommunication and financial services. Results confirm the cxistcncc of a two- regime split with low-incomc economies benefiting from greater openness in telecommunication services and high-income economies from financial services openness. Key Words: Services trade, telecommunication services, financial services, economic growth. Openness in Services Trade and Economic Growth Introduction The costs and benefits of openness to international trade for economic growth have been studied extensively. Diverse measures of openness to trade have been used referring mainly to trade in commodities and include, inter alia，the share of exports/imports in GDP, measures of the prevalence of tariffs/quotas in commodity trade, or general qualitative indicators of openness. Studies, on the whole， demonstrate the positive effects of international trade (e.g. Dollar, 1992; Frankel and Romer，1999; and Sachs and Warner, 1995) though dissenting views have been voiccd (e.g. Rodriguez and Rodrik (2001)). To date, very little has appeared on the growth effects of openness in services trade. This should, perhaps, not be surprising given that services constitute a new dimension in regional and multilateral trade agreements, especially within the auspices of recent and proposed WTO trade rounds. The view that greater openness in services trade is associated with higher growth seems to have taken hold amongst some policy makers recently. Empirical evidence on this issue, however, has been scant. A recent article in The Economist(2004) emphasizes the fac