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Why Do Economies Enter into Preferential Agreements on Trade in Services? Assessing the Potential for Negotiated Regulatory Convergence in Asian Services Markets
- Source :
- Asian Development Review, Vol 33, Iss 1, Pp 56-73 (2016), Sauvé, Pierre; Shingal, Anirudh (March 2016). Why Do Economies Enter into Preferential Agreements on Trade in Services? Assessing the Potential for Negotiated Regulatory Convergence in Asian Services Markets. Asian Development Review, 33(1), pp. 56-73. MIT Press 10.1162/ADEV_a_00061
- Publication Year :
- 2016
- Publisher :
- World Scientific Pub Co Pte Ltd, 2016.
-
Abstract
- More than one-third of the World Trade Organization-notified services trade agreements that were in effect between January 2008 and August 2015 involved at least one South or Southeast Asian trading partner. Drawing on Baier and Bergstrand's ( 2004 ) determinants of preferential trade agreements and using the World Bank's database on the restrictiveness of domestic services regimes (Borchert, Gootiiz, and Mattoo 2012 ), we examine the potential for negotiated regulatory convergence in Asian services markets. Our results suggest that Asian economies with high levels of preexisting bilateral merchandise trade and wide differences in services regulatory frameworks are more likely candidates for services trade agreement formation. Such results lend support to the hypothesis that the heightened “servicification” of production generates demand for the lowered services input costs resulting from negotiated market openings.
- Subjects :
- Economics and Econometrics
Asia
Social sciences and state - Asia (Asian studies only)
regulatory convergence
Geography, Planning and Development
340 Law
World trade
International trade
Development
Southeast asian
320 Political science
0502 economics and business
Economics
H53
050207 economics
services trade
050205 econometrics
preferential trade agreements
business.industry
05 social sciences
Trade in services
regulation
Convergence (economics)
International economics
330 Economics
Economy
business
Subjects
Details
- ISSN :
- 19967241 and 01161105
- Volume :
- 33
- Database :
- OpenAIRE
- Journal :
- Asian Development Review
- Accession number :
- edsair.doi.dedup.....98cd212624d80fb41f5834ec4cbff061