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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, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 05 April 2020

The Growth and Potential of Taiwan's Foreign Trade in Services

The Growth and Potential of Taiwan's Foreign Trade in Services

Chapter:
(p.137) 5 The Growth and Potential of Taiwan's Foreign Trade in Services
Source:
Trade in Services in the Asia-Pacific Region
Author(s):

Li-min Hsueh

An-loh Lin

Su-wan Wang

Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226386782.003.0006

This chapter investigates the reasons behind the growth of the services industry in Taiwan. It suggests that the major contributors to the growth in import services are the increases in the imports of goods and per capita income and the decreases in the relative prices of import services. The regression analysis found that the three important determinants of the services trade are the trade in goods, per capita income levels and the relative price of service. This chapter also provides an overview on the time-series changes of Taiwan's services trades.

Keywords:   services industry, Taiwan, import services, per capita income, price of service

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