Determinants of Export Services of USA with its Asian Partners: A Panel Data Analysis
Trade in services has accounted for 20 per cent of global trade. Despite the increasing importance of services trade in global economy, there has been limited research on service trade which uses determinants driving such trade. The present paper has examined the export potential in service sector...
Main Author: | |
---|---|
Format: | Article |
Language: | English |
Published: |
Ala-Too International University
2011-11-01
|
Series: | Eurasian Journal of Business and Economics |
Subjects: | |
Online Access: | http://www.ejbe.org/EJBE2011Vol04No08p101KAUR.pdf |
id |
doaj-1487b4fc695545ef94e8ac9d08752a69 |
---|---|
record_format |
Article |
spelling |
doaj-1487b4fc695545ef94e8ac9d08752a692020-11-25T00:34:24ZengAla-Too International UniversityEurasian Journal of Business and Economics 1694-59481694-59722011-11-0148101117Determinants of Export Services of USA with its Asian Partners: A Panel Data Analysis Sandeep KAURTrade in services has accounted for 20 per cent of global trade. Despite the increasing importance of services trade in global economy, there has been limited research on service trade which uses determinants driving such trade. The present paper has examined the export potential in service sector of USA with its Asian trade partners (Japan, China, India, Singapore, South Korea and Hong Kong) by taking into account geographic, economic and other features. The approach is based on gravity model, widely used to analyze trade in goods and has more recently been applied to service sector. Being a nature of study is of panel data i.e. for 9 years (2000-2008) and six cross sections, the study used panel data methodology. The study revealed that USA has export potential in services for India and Japan. Regarding the convergent and divergent economies, USA had convergence in exports with three Asian countries (Hong Kong, India and Korea) and divergence with three Asian countries (Japan, China and Singapore). There is a large scope for export expansion for Hong Kong, India and Korea. http://www.ejbe.org/EJBE2011Vol04No08p101KAUR.pdfServicesInternational TradeGravity Model. |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Sandeep KAUR |
spellingShingle |
Sandeep KAUR Determinants of Export Services of USA with its Asian Partners: A Panel Data Analysis Eurasian Journal of Business and Economics Services International Trade Gravity Model. |
author_facet |
Sandeep KAUR |
author_sort |
Sandeep KAUR |
title |
Determinants of Export Services of USA with its Asian Partners: A Panel Data Analysis |
title_short |
Determinants of Export Services of USA with its Asian Partners: A Panel Data Analysis |
title_full |
Determinants of Export Services of USA with its Asian Partners: A Panel Data Analysis |
title_fullStr |
Determinants of Export Services of USA with its Asian Partners: A Panel Data Analysis |
title_full_unstemmed |
Determinants of Export Services of USA with its Asian Partners: A Panel Data Analysis |
title_sort |
determinants of export services of usa with its asian partners: a panel data analysis |
publisher |
Ala-Too International University |
series |
Eurasian Journal of Business and Economics |
issn |
1694-5948 1694-5972 |
publishDate |
2011-11-01 |
description |
Trade in services has accounted for 20 per cent of global trade. Despite the increasing importance of services trade in global economy, there has been limited research on service trade which uses determinants driving such trade. The present paper has examined the export potential in service sector of USA with its Asian trade partners (Japan, China, India, Singapore, South Korea and Hong Kong) by taking into account geographic, economic and other features. The approach is based on gravity model, widely used to analyze trade in goods and has more recently been applied to service sector. Being a nature of study is of panel data i.e. for 9 years (2000-2008) and six cross sections, the study used panel data methodology. The study revealed that USA has export potential in services for India and Japan. Regarding the convergent and divergent economies, USA had convergence in exports with three Asian countries (Hong Kong, India and Korea) and divergence with three Asian countries (Japan, China and Singapore). There is a large scope for export expansion for Hong Kong, India and Korea. |
topic |
Services International Trade Gravity Model. |
url |
http://www.ejbe.org/EJBE2011Vol04No08p101KAUR.pdf |
work_keys_str_mv |
AT sandeepkaur determinantsofexportservicesofusawithitsasianpartnersapaneldataanalysis |
_version_ |
1725313568036880384 |