Eichengreen, Barry and Gupta, Poonam (2012): Exports of Services: Indian Experience in Perspective.
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We survey India’s experience with exporting services. We show that the country’s experience is unique in that modern tradable services are a significantly larger share of GDP than in other countries at comparable levels of economic development. This has not always been the case, however; India’s out-performance is limited to recent years. Policy initiatives, from trade reform to liberalization of domestic industrial and service sectors, were important for jump-starting the process. Panel and country-specific regressions for a cross section of countries point to the importance of a range of additional factors: overall economic development, communications infrastructure, access to foreign technology, and spillovers between the merchandise and service exports. Importantly, however, these factors, jointly or individually, do not wipe out the significance of a dummy variable for India. India, evidently, is a significant outlier as an exporter of services, and even more so as the period proceeds.
|Item Type:||MPRA Paper|
|Original Title:||Exports of Services: Indian Experience in Perspective|
|English Title:||Exports of Services: Indian Experience in Perspective|
|Keywords:||India, services, growth, services exports|
|Subjects:||F - International Economics > F1 - Trade > F10 - General|
|Depositing User:||Poonam Gupta|
|Date Deposited:||17. Mar 2012 12:36|
|Last Modified:||12. Feb 2013 19:41|
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