Impact of Services Liberalization on Industry Productivity, Exports and Development : Six Empirical Studies in the Transition Countries
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World Bank, Washington, DC
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Services as a share of gross domestic
product and in foreign direct investment flows have
increased in importance both globally and in the transition
countries of Europe and Central Asia. So has the need for
both academics and policymakers to understand the impacts of
services liberalization in the transition countries. For
this reason, the World Bank Institute, under a grant from
the Government of Austria, commissioned seven studies under
the auspices of the Economic Education Research Consortium
(headquartered in Kiev, Ukraine) to investigate the impact
of services liberalization on productivity, focusing on
services reform in the transition countries of Europe and
Central Asia. All of the studies have been produced by
authors from the transition countries of Europe or Central
Asia. This paper summarizes six of these studies that will
appear in a volume in Russian edited by the author of this
paper. The studies contribute to the growing empirical
literature establishing that liberalization of barriers
against service providers can make an important contribution
to increase total factor productivity, exports and growth in
the economy. They also show that the issue of services
liberalization is important for the transition countries in
particular. Links to the English language versions of the
papers are provided.
Palabras clave
ACCESS TO SERVICES, AGRICULTURE, BANKING REFORM, BANKING SECTOR, BANKING SECTOR REFORMS, BEST PRACTICES, BROADBAND, BUSINESS ENVIRONMENT, BUSINESS SERVICES, CAPITAL ACCUMULATION, CAPITAL FLOWS, CAPITAL INTENSITY, CAPITAL REQUIREMENTS, CAPITAL STOCK, COMMERCIAL ACTIVITY, COMMUNICATION SERVICES, COMMUNICATIONS COSTS, COMPETITIVENESS, CUSTOMS, DEREGULATION, DEVELOPING COUNTRIES, DEVELOPMENT ECONOMICS, DEVELOPMENT FINANCE, DEVELOPMENT POLICY, DOMESTIC MARKET, ECONOMETRIC ANALYSIS, ECONOMIC ACTIVITY, ECONOMIC DEVELOPMENT, ECONOMIC INTEGRATION, ECONOMIC REFORMS, ECONOMIC RESEARCH, ECONOMICS, ELECTRICITY, EMPLOYMENT, ENTERPRISE SURVEY, EQUILIBRIUM MODELS, EXPORTS, FINANCIAL CRISIS, FINANCIAL REFORM, FINANCIAL SECTOR, FINANCIAL SERVICES, FIRM PERFORMANCE, FIXED COSTS, FOREIGN CURRENCY, FOREIGN DIRECT INVESTMENT, FOREIGN EXCHANGE, FOREIGN FIRMS, FOREIGN INVESTMENT, FOREIGN MARKETS, FOREIGN OWNERSHIP, FUTURE RESEARCH, GDP, GLOBAL MARKETS, GOVERNMENT POLICIES, GOVERNMENT POLICY, GROSS DOMESTIC PRODUCT, GROWTH RATES, IMPACT ASSESSMENT, INCOME, INDIVIDUAL FIRMS, INDUSTRY PRODUCTIVITY, INFORMATION ASYMMETRIES, INFORMATION SERVICES, INNOVATION, INSTITUTION, INSURANCE, INTEREST RATES, INTERNAL BUSINESS, INTERNATIONAL CAPITAL, INTERNATIONAL CAPITAL FLOWS, INTERNATIONAL COMPETITION, INTERNATIONAL COOPERATION, INTERNATIONAL MARKETS, INTERNATIONAL TRADE, INVESTMENT DECISIONS, LABOR MARKET, MANUFACTURING, MANUFACTURING INDUSTRIES, MANUFACTURING INDUSTRY, MARKET CONDITIONS, MARKET ECONOMIES, MARKET STRUCTURE, MONOPOLISTIC COMPETITION, NETWORKS, NEW PRODUCTS, OPEN ACCESS, OPEN ECONOMY, OUTPUT, PERFORMANCE MEASURES, PRODUCT DIFFERENTIATION, PRODUCTION FUNCTION, PRODUCTION PROCESS, PRODUCTION PROCESSES, PRODUCTIVITY, PRODUCTIVITY GROWTH, PRODUCTIVITY INCREASES, REGIONAL TRADE, REGULATORY ENVIRONMENT, REGULATORY REFORM, REPUTATION, RESULT, RESULTS, SERVICE PROVIDERS, TAXATION, TELECOMMUNICATION, TELECOMMUNICATIONS, TELECOMMUNICATIONS EQUIPMENT, TELECOMMUNICATIONS REFORM, THIRD WORLD, TIME PERIOD, TIME PERIODS, TOTAL COSTS, TOTAL FACTOR PRODUCTIVITY, TRADE FACILITATION, TRADE LIBERALIZATION, TRADE POLICY, TRANSITION COUNTRIES, TRANSITION ECONOMIES, TRANSPORT, USERS, USES, WEB, WORLD TRADE, WORLD TRADE ORGANIZATION, WTO