| This paper considers what
special features of services need to be taken into account in modelling
services trade, and summarises methods to quantify barriers to services
trade. One feature of services trade policy is the formal recognition within
the WTO of commercial presence as a method by which services are traded.
To capture services delivered via FDI, modellers need to distinguish the
ownership as well as the location of economic activity. To capture the policy-relevant
features of barriers to services trade, modellers need to recognise that
restrictions on market access are not just discriminatory, but can also
affect domestic new entrants. There is a range of theoretical and empirical
challenges to fleshing out this research agenda. |
Abstract |
