IDEAS home Printed from https://ideas.repec.org/a/sae/jfasei/v1y2019i2p163-182.html
   My bibliography  Save this article

Services Export and Economic Growth in ASEAN Countries

Author

Listed:
  • Sineenat Sermcheep

Abstract

Based on the panel data from 1980 to 2014, this article examines the effect of services export on economic growth in the ASEAN countries. The results show that there has been evidence of services export-led growth in ASEAN during the past decades. The services export data are disaggregated into modern and traditional services exports, and the estimations show that both exports contribute to the GDP growth with the less strong positive effect from the modern services exports. The goods export, conventional engine of growth, also maintains its significant and robust role as the growth-enhancing factor for ASEAN. In the period of a slow growth of goods exports and the direction of the growth policy towards services-oriented sector, the services exports have become increasingly significant as a new engine of growth, which also complement to the existing growth engine. JEL Codes: F43, O4

Suggested Citation

  • Sineenat Sermcheep, 2019. "Services Export and Economic Growth in ASEAN Countries," Journal of Asian Economic Integration, , vol. 1(2), pages 163-182, September.
    • Handle: RePEc:sae:jfasei:v:1:y:2019:i:2:p:163-182
    DOI: 10.1177/2631684619883443
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/2631684619883443
    Download Restriction: no
    File URL: https://libkey.io/10.1177/2631684619883443?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Jordan Shan & Fiona Sun, 1998. "Export-led growth and the little dragons: An empirical reinvestigation," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 4(3), pages 299-300, August.
    2. Robert C. Feenstra & Robert Inklaar & Marcel P. Timmer, 2015. "The Next Generation of the Penn World Table," American Economic Review, American Economic Association, vol. 105(10), pages 3150-3182, October.
    3. David Greenaway & David Sapsford, 1994. "What does liberalisation do for exports and growth?," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 130(1), pages 152-174, March.
    4. Batshur Gootiiz & Aaditya Mattoo, 2017. "Regionalism in Services: A Study of ASEAN," The World Economy, Wiley Blackwell, vol. 40(3), pages 574-597, March.
    5. Alege, Philip & Ogundipe, Adeyemi, 2013. "The Role of Services Trade in Economic Development," MPRA Paper 51695, University Library of Munich, Germany.
    6. World Bank, 2009. "The Service Revolution in South Asia," World Bank Publications - Reports 19332, The World Bank Group.
    7. Woori Lee, 2017. "Services liberalization and GVC participation: New evidence for heterogeneous effects by income level and provisions," CTEI Working Papers series 08-2017, Centre for Trade and Economic Integration, The Graduate Institute.
    8. Gulzar Ali & Zhaohua Li, 2018. "Exports-led growth or growth-led exports in the case of China and Pakistan: An empirical investigation from the ARDL and Granger causality approach," The International Trade Journal, Taylor & Francis Journals, vol. 32(3), pages 293-314, May.
    9. El Khoury, Antoine C. & Savvides, Andreas, 2006. "Openness in services trade and economic growth," Economics Letters, Elsevier, vol. 92(2), pages 277-283, August.
    10. Mattoo, Aaditya & Rathindran, Randeep, 2006. "Measuring Services Trade Liberalization and Its Impact on Economic Growth: An Illustration," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 21, pages 64-98.
    11. Gabriele, Alberto, 2006. "Exports of Services, Exports of Goods, and Economic Growth in Developing Countries," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 21, pages 294-317.
    12. Pravakar Sahoo & Ranjan Kumar Dash, 2017. "What Drives India's Surge in Service Exports?," The World Economy, Wiley Blackwell, vol. 40(2), pages 439-461, February.
    13. Mr. Prakash Loungani & Mr. Saurabh Mishra & Mr. Chris Papageorgiou & Ke Wang, 2017. "World Trade in Services: Evidence from A New Dataset," IMF Working Papers 2017/077, International Monetary Fund.
    14. Mishra, Saurabh & Lundstrom, Susanna & Anand, Rahul, 2011. "Service export sophistication and economic growth," Policy Research Working Paper Series 5606, The World Bank.
    15. Hoekman, Bernard & Mattoo, Aaditya, 2008. "Services trade and growth," Policy Research Working Paper Series 4461, The World Bank.
    16. Jiranyakul, Komain & Brahmasrene, Tantatape, 2002. "An Analysis of the Determinants of Thailand’s Exports and Imports wtih Major Trading Partners," MPRA Paper 45080, University Library of Munich, Germany.
    17. Bahmani-Oskooee, Mohsen, 1986. "Determinants of international trade flows : The Case of Developing Countries," Journal of Development Economics, Elsevier, vol. 20(1), pages 107-123.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Michel Lioussis & Mònica Serrano, 2022. "Services trade contribution on global income generation (2000 - 2014) Abstract: This paper investigates the contribution of services trade to the variation of global income generation for the period o," UB School of Economics Working Papers 2022/423, University of Barcelona School of Economics.
    2. Shujaat Naeem Azmi & Shakeb Akhtar, 2023. "Interactions of services export, financial development and growth: evidence from India," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(5), pages 4709-4724, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sèna K. Gnangnon, 2021. "Aid for Trade and services export diversification in recipient countries," Australian Economic Papers, Wiley Blackwell, vol. 60(2), pages 189-225, June.
    2. Gnangnon, Sèna Kimm, 2020. "Aid for Trade and Services Export Diversification in Recipient-Countries," EconStor Preprints 210467, ZBW - Leibniz Information Centre for Economics.
    3. Gnangnon, Sèna Kimm, 2020. "Effect of Poverty on Services Export Concentration in Developing Countries," EconStor Preprints 223178, ZBW - Leibniz Information Centre for Economics.
    4. Sèna Kimm Gnangnon, 2021. "Services diversification and economic growth," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 18(1), pages 49-86, June.
    5. Sèna Kimm Gnangnon, 2022. "Export diversification and financial openness," International Economics and Economic Policy, Springer, vol. 19(4), pages 675-717, October.
    6. López, Dorotea & García, Camila & Muñoz, Felipe, 2018. "Trade in services and development: Policy perception in Chile," TEC Empresarial, School of Business, Costa Rica Institute of Technology (ITCR), vol. 12(2), pages 33-44.
    7. Michel Lioussis & Mònica Serrano, 2022. "Services trade contribution on global income generation (2000 - 2014) Abstract: This paper investigates the contribution of services trade to the variation of global income generation for the period o," UB School of Economics Working Papers 2022/423, University of Barcelona School of Economics.
    8. Bianka Dettmer, 2012. "Business services outsourcing and economic growth: Evidence from a dynamic panel data approach," Jena Economics Research Papers 2012-049, Friedrich-Schiller-University Jena.
    9. Sèna Kimm Gnangnon, 2021. "Development aid and services export diversification," International Journal of Economic Policy Studies, Springer, vol. 15(1), pages 125-156, February.
    10. Anatolijs Prohorovs & Marina Solesvik, 2018. "Services Sector Export in Europe," Sustainability, MDPI, vol. 10(12), pages 1-19, December.
    11. Joseph Francois & Bernard Hoekman, 2010. "Services Trade and Policy," Journal of Economic Literature, American Economic Association, vol. 48(3), pages 642-692, September.
    12. Sahoo, Pravakar & Dash, Ranjan Kumar, 2014. "India's surge in modern services exports: Empirics for policy," Journal of Policy Modeling, Elsevier, vol. 36(6), pages 1082-1100.
    13. Baldwin, Richard & Forslid, Rikard, 2023. "Globotics and Development: When Manufacturing Is Jobless and Services Are Tradeable," World Trade Review, Cambridge University Press, vol. 22(3-4), pages 302-311, October.
    14. Harrison, Ann & Rodríguez-Clare, Andrés, 2010. "Trade, Foreign Investment, and Industrial Policy for Developing Countries," Handbook of Development Economics, in: Dani Rodrik & Mark Rosenzweig (ed.), Handbook of Development Economics, edition 1, volume 5, chapter 0, pages 4039-4214, Elsevier.
    15. Yongrong Xin & Aftab Hussain Tabasam & Zhenling Chen & Aysha Zamir & Carlos Samuel Ramos-Meza, 2024. "Analyzing the Impact of Foreign Direct Investment, Energy Consumption on Services Exports, and Growth of the Services Sector: Evidence from SAARC Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(2), pages 5709-5728, June.
    16. Das, Satya P. & Sant’Anna, Vinicios P., 2023. "Determinants of bilateral trade in manufacturing and services: A unified approach," Economic Modelling, Elsevier, vol. 123(C).
    17. Baek, Jungho & Nam, Soojoong, 2021. "The South Korea–China trade and the bilateral real exchange rate: Asymmetric evidence from 33 industries," Economic Analysis and Policy, Elsevier, vol. 71(C), pages 463-475.
    18. Ranjan Dash & P. Parida, 2013. "FDI, services trade and economic growth in India: empirical evidence on causal links," Empirical Economics, Springer, vol. 45(1), pages 217-238, August.
    19. Di Meglio, Gisela & Gallego, Jorge, 2022. "Disentangling services in developing regions: A test of Kaldor's first and second laws," Structural Change and Economic Dynamics, Elsevier, vol. 60(C), pages 221-229.
    20. Samuel Admassu, 2020. "An empirical analysis of the causal nexus between service trade and income," Empirical Economics, Springer, vol. 59(2), pages 799-816, August.

    More about this item

    Keywords

    Services export; economic growth; ASEAN;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:jfasei:v:1:y:2019:i:2:p:163-182. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.