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Trade in Services in the Asia-Pacific Region$
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Takatoshi Ito and Anne O. Krueger

Print publication date: 2003

Print ISBN-13: 9780226386775

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226386782.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 27 September 2021

Measuring the Cost of Barriers to Trade in Services

Measuring the Cost of Barriers to Trade in Services

(p.11) 1 Measuring the Cost of Barriers to Trade in Services
Trade in Services in the Asia-Pacific Region

Philippa Dee

Kevin Hanslow

Tien Phamduc

University of Chicago Press

This chapter evaluates the cost of barriers to trade liberalization in the services industry using a newly developed model that covers both foreign direct investment and portfolio investment. It explains that general equilibrium effects of removing these barriers. The analysis reveals that liberalization of services trade would contribute more to the world economy than is widely thought and the biggest gains to liberalizing trade in services would originate in the services industry itself.

Keywords:   services industry, trade liberalization, foreign direct investment, portfolio investment, world economy

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