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Services Development and Comparative Advantage in Manufacturing / Liu, Xuepeng.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Liu, Xuepeng.
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Business Cycles and Stabilization Policies.
- Common Carriers Industry.
- Comparative Advantage.
- Construction Industry.
- Economic Growth.
- Economic Theory and Research.
- Finance and Development.
- Finance and Financial Sector Development.
- Financial Economics.
- Food and Beverage Industry.
- General Manufacturing.
- Industrial Economics.
- Industry.
- International Economics and Trade.
- International Trade and Trade Rules.
- Macroeconomics and Economic Growth.
- Plastics and Rubber Industry.
- Pulp and Paper Industry.
- Services.
- Textiles Apparel and Leather Industry.
- Trade.
- Trade and Services.
- Value Added.
- Local Subjects:
- Business Cycles and Stabilization Policies.
- Common Carriers Industry.
- Comparative Advantage.
- Construction Industry.
- Economic Growth.
- Economic Theory and Research.
- Finance and Development.
- Finance and Financial Sector Development.
- Financial Economics.
- Food and Beverage Industry.
- General Manufacturing.
- Industrial Economics.
- Industry.
- International Economics and Trade.
- International Trade and Trade Rules.
- Macroeconomics and Economic Growth.
- Plastics and Rubber Industry.
- Pulp and Paper Industry.
- Services.
- Textiles Apparel and Leather Industry.
- Trade.
- Trade and Services.
- Value Added.
- Physical Description:
- 1 online resource (47 pages)
- Place of Publication:
- Washington, D.C. : The World Bank, 2018.
- System Details:
- data file
- Summary:
- Most manufacturing activities use inputs from the financial and business services sectors. But these services sectors also compete for resources with manufacturing activities, provoking concerns about de-industrialization-financial services in industrial countries like the United States and the United Kingdom, and business services in developing countries like India and the Philippines. This paper examines the implications of services development for the export performance of manufacturing sectors. It develops a methodology to quantify the indirect role of services in international trade in goods and constructs new measures of revealed comparative advantage based on domestic value added in gross exports. The paper shows that the development of financial and business services enhances the revealed comparative advantage of manufacturing sectors that use these services intensively but not that of other manufacturing sectors. It also finds that a country can partially overcome the handicap of an underdeveloped domestic services sector by relying more on imported services inputs. Thus, lower services trade barriers in developing countries can help to promote their manufacturing exports.
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