The crisis-resilience of services trade

By I. Borchert, Aaditya Mattoo. 2009

176 citations recorded by the source corpus.

Much attention has been focused on the impact of the current crisis on goods trade; hardly any on its impact on services trade. Using new trade data from the USA, and more aggregate data from other OECD countries, the authors show that services trade is weathering the current crisis much better than goods trade. On the basis of new evidence from Indian services exporters, it is suggested that services trade is more robust relative to goods trade for three reasons: less cyclical demand; lesser dependence on external finance; and few explicitly protectionist measures so far taken in services.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/e0c4f92684e375d8aae4c8206f001d5f6623df4f

How researchers see this paper

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In Economics and Econometrics

1. Bernard M. Hoekman
2. Joseph Francois
3. John S. Wilson
4. Ben Shepherd
5. Alberto Portugal-Perez
6. Jakob Miethe
7. Guido Baldi

In Finance

1. Joseph Francois
2. Bernard M. Hoekman

Citations in the corpus

• Services Trade and Policy (2010, background): “…trade in services coming to dominate FATS at some point in the future, but this is far from being the case today.13 A noteworthy stylized fact of the 2008 collapse of world trade was that cross-border trade in services proved to be more robust than trade in goods (Borchert and Mattoo, 2009).”