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Global Gains from Liberalising Trade in Telecommunications and Financial Services

Author

Listed:
  • George Verikios

    (Productivity Commission)

  • Xiao-guang Zhang

    (Productivity Commission)

Abstract

This paper uses a general equilibrium model to assess the effects of liberalising trade in telecommunications and financial services for 19 regions of the world. Results suggest that economies gain from removing barriers to the establishment of new operations (domestic or foreign), and by liberalising the operations of existing operators. For the world as a whole, the one-off gains are estimated to be at least 0.2 per cent of combined GNP, or about US$50 billion.

Suggested Citation

  • George Verikios & Xiao-guang Zhang, 2001. "Global Gains from Liberalising Trade in Telecommunications and Financial Services," Others 0110005, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpot:0110005
    Note: Type of Document - Word 97; prepared on IBM PC; to print on HP; pages: 78 ; figures: included
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/othr/papers/0110/0110005.pdf
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Kym Anderson, 2005. "On the Virtues of Multilateral Trade Negotiations," The Economic Record, The Economic Society of Australia, vol. 81(255), pages 414-438, December.
    2. María C. Latorre, 2013. "On the Differential Behaviour of National and Multinational Firms: A Within- and Across-sectors Approach," The World Economy, Wiley Blackwell, vol. 36(10), pages 1294-1317, October.
    3. Greg McGuire, 2003. "Trade In Services – Market Access Opportunities And The Benefits Of Liberalization For Developing Economies," UNCTAD Blue Series Papers 19, United Nations Conference on Trade and Development.
    4. Henk Kox & Arjan Lejour, 2004. "A different approach to WTO negotiations in services," CPB Discussion Paper 36, CPB Netherlands Bureau for Economic Policy Analysis.
    5. Kym Anderson, 2004. "The challenge of Reducing Subsidies and Trade Barriers," Centre for International Economic Studies Working Papers 2004-12, University of Adelaide, Centre for International Economic Studies.
    6. Zhou, Jing & Latorre, María C., 2014. "How FDI influences the triangular trade pattern among China, East Asia and the U.S.? A CGE analysis of the sector of Electronics in China," Economic Modelling, Elsevier, vol. 44(S1), pages 77-88.
    7. Alan V. Deardorff & Robert M. Stern, 2009. "Empirical Analysis of Barriers to International Services Transactions and the Consequences of Liberalization," World Scientific Book Chapters, in: Globalization And International Trade Policies, chapter 15, pages 523-595, World Scientific Publishing Co. Pte. Ltd..
    8. Ad van Riet & Moreno Roma, 2006. "Competition, productivity and prices in the euro area services sector," Occasional Paper Series 44, European Central Bank.
    9. María C. Latorre, 2009. "The economic analysis of multinationals and foreign direct investment: a review," Hacienda Pública Española / Review of Public Economics, IEF, vol. 191(4), pages 97-126, December.
    10. Latorre, María C. & Bajo-Rubio, Oscar & Gómez-Plana, Antonio G., 2009. "The effects of multinationals on host economies: A CGE approach," Economic Modelling, Elsevier, vol. 26(5), pages 851-864, September.
    11. Henk Kox & Arjan Lejour, 2004. "A different approach to WTO negotiations in services," CPB Discussion Paper 36.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    12. Gehlhar, Mark & Wainio, John, 2004. "Feasibility of Reducing Agricultural Protection: Implications for Farm Households," Conference papers 331293, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    13. Arjan Lejour & Paul Veenendaal & Gerard Verweij & Nico van Leeuwen, 2006. "Worldscan; a model for international economic policy analysis," CPB Document 111.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    14. Nora Dihel & Felix Eschenbach & Ben Shepherd, 2006. "South-South Services Trade," OECD Trade Policy Papers 39, OECD Publishing.
    15. Samanatha Doove & Owen Gabbitas & Duc Nguyen-Hong & Joe Owen, 2001. "Price Effects of Regulation: Telecommunications, Air Passenger Transport and Electricity Supply," Others 0110004, University Library of Munich, Germany.
    16. Latorre, María C. & Ortiz Valverde, Gabriela, 2018. "Brexit consequences for the United Kingdom: The role of multinationals," Conference papers 330181, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    17. Ralf Kronberger & Yvonne Wolfmayr, 2005. "Liberalisierung des Dienstleistungshandels im Rahmen des GATS," WIFO Monatsberichte (monthly reports), WIFO, vol. 78(6), pages 443-463, June.

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    More about this item

    Keywords

    trade in services - telecommunications - finance - financial services - general agreement on trade in services - GATS - trade liberalisation - global;

    JEL classification:

    • P - Political Economy and Comparative Economic Systems
    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
    • Z - Other Special Topics

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