Trade In Services Research Articles

Combined International Trade and Investment Data “CITID” – A New Innovative and Comprehensive Data Landscape for Germany

Abstract The Combined International Trade and Investment Data (CITID) represents a new innovative and comprehensive data landscape that combines firm-level data focused on international trade and investment. The datasets are sourced from both the Deutsche Bundesbank and the Federal Statistical Office of Germany, ensuring a reliable and robust data landscape. Within the CITID, multiple individual datasets seamlessly merge, encompassing a wide range of information. These include data on trade in goods, trade in services, inward and outward foreign direct investment (FDI), as well as information on international financial and capital transactions along with additional firm-level data. The data enables a holistic understanding of firms’ international integration, previously unattainable, and offers new opportunities for analyzing global trade dynamics. The data will be accessible for research. This paper provides a comprehensive description of the individual datasets, including information about their combinability, the methodology for matching them, the data’s content, and its potential for further research.

Impacts of Central Bank Digital Currency on Regional Economic Integration: Evidence from the Greater Bay Area of China

An increasing number of countries have launched their central bank digital currencies (CBDC) in recent years, but the economic impacts of CBDC adoption are underexplored. To empirically assess how CBDC adoption influences regional economic integration, this paper investigates the Greater Bay Area, where China carried out one of its first digital renminbi pilot programs. The Greater Bay Area provides a good example because the growing acceptance of digital renminbi in the area can potentially mitigate transaction costs and risks due to the exchange rate volatility of the Chinese renminbi, Hong Kong dollar, and Macao pataca. CBDC adoption can lead to greater real and financial integrations by facilitating cross-border trade in goods and services. This paper evaluates deviations from uncovered interest rate parity, purchasing power parity, and real interest rate parity across Guangdong, Hong Kong, and Macao based on monthly interest rate and price data from January 2016 to December 2022. The time series have mean values near zero, which validate the parity conditions and indicate high degrees of financial, real, and economic integrations. The Markov regime-switching regression model identifies three regimes: (1) pre-Covid, (2) post-Covid, and (3) post-CBDC. The Covid-19 outbreak brought lower integration and stability, but the launch of the CBDC restored some of the pre-Covid integration and stability. Regimes 1 and 2 are persistent, and transitions from Regime 3 back to Regime 1 are probable. Hence, this study finds evidence that CBDC adoption improves regional economic integration in the short and long run.

Analysis on the Coupling Coordinative Development Mechanism of Ecological Environment and Logistics Service Trade

This article first takes the “logistics-ecological environment” composite system as the research object, constructs the order parameter index system of the logistics subsystem and the ecological environment subsystem of the scientific system, and establishes the order degree model of the subsystem and the composite system coupling coordination degree model. Then, this paper conducts an empirical study based on the historical data of Province X from 2008 to 2020, calculates the degree of order of the logistics subsystem and the ecological environment subsystem and the coordination degree of the composite system, and analyzes the coupling and coordinated development mechanism of the province's ecological environment and logistics service trade. The results show that the order of the province's logistics subsystem and the ecological environment subsystem and the degree of coupling and coordination of the “logistics-ecological environment” composite system both show a continuous growth trend.

Heterogeneous responses to boycott on services trade

ABSTRACT This paper examines the impacts of ‘No Japan’ boycott by Korean consumers on service trade amid 2019 Japan – South Korea trade dispute. Our findings reveal that individual consumers were more actively engaged in boycotting travel services, while business travellers did not exhibit a comparable level of participation. Moreover, the target country also responded in a similar manner, though the magnitude of their retaliation was relatively milder.

Organization of Social Assistance to Indigenous Minorities in the Turukhansk Region in 1920-1925

The authors consider the issues of involvement of native minorities of the Russian North in the Soviet construction in the first half of the 1920s. The problem is illustrated through the example of Turukhansk region (until 1930 it united the peoples that populated the North of Yeniseysk Governorate). The source base includes the documents from the fund of the State Archive of Krasnoyarsk Territory. It is noted that during the early Soviet period the national policy towards the indigenous peoples of the North was characterized by flexibility and search for balance between the interests of the government and the northern peoples. This policy was mostly founded on socio-economical tasks, rather than political ones. At this stage the government assumed the administration management, provision of economic aid to the native minorities of the North, preservation of the life-sustaining system for using natural resources, all that determined their traditional lifestyle. There began the creation of institutions of self-government (clan councils), trade services, medical care and school education. It was the Northern instructors that acted as conductors of Soviet policy among indigenous peoples. It was intended, on the one hand, to streamline the activities of Soviet institutions among the indigenous peoples of the North, and on the other hand, to help the latter adapt to the new socio-economic conditions. The authors determine the specifics and role of Northern inspectors (from 1924 - instructors in foreign affairs) through the nature of interaction between state, local administrative and clan institutions in the process of developing and implementing support for indigenous peoples of the Yenisey North; their general catastrophic situation could entail irreversible processes of the extinction of these peoples.

Deep trade agreements and services trade: An analysis based on service trade provisions

AbstractOur paper builds a novel panel data sourced from the Regional Trade Agreements Database and Database on International Trade in Services Statistics (ITSS) to explore the heterogeneous effects of service trade agreements on services trade. Then we employ a gravity model with the Poisson pseudo‐maximum likelihood (PPML) estimation and obtain the following findings: First, both general service trade agreements and deep service trade agreements promote services trade. Yet, deep trade agreements have a higher trade‐expansion effect (roughly 21.53%) on services trade compared to general ones (16.9%). Next, based on the content of trade‐related provisions, we find provisions of rights of non‐establishment and natural person movement largely increase the services trade, while review provisions do not have a significant impact on services trade. Surprisingly, provisions with MFN status even exhibit a negative relationship with services trade. Third, with whom you sign the agreements matters. Deep trade agreements exert a positive and significant impact on services trade between high‐income countries (NN), low‐income countries (SS) and high‐ to low‐income countries (NS), but are insignificant between low‐ to high‐income countries (SN). Four, emerging regions, including China, may benefit more from deep trade agreements. As indicated by propensity score matching, deep trade agreements reduce service trade costs and improve the business environment more effectively than GTAs. Our empirical results are robust after controlling for the endogeneity of DTAs and GTAs. Our findings provide direct evidence for the role of deep service trade agreements in fostering international economic integration.

Study on the Influence of Digital Economy on High-quality Trade Development Under the "Double Cycle" Pattern

With the deepening of globalization and the rapid development of digital technology, digital economy has become a new important force to promote economic growth. The new development pattern of "double cycle" proposed by China focuses on realizing the mutual promotion of internal circulation and external circulation on the basis of expanding domestic demand. This paper aims to explore in the "binary" development pattern, based on the benchmark regression study how digital economy has a positive impact on trade quality development, the results show that the digital economy to improve the level of trade facilitation, promote the trade structure optimization, accelerate the trade pattern innovation, and by promoting the proportion of trade in services effectively promote the high quality development of China's trade. At the end of the paper, the countermeasures and suggestions are put forward.

Trade impact analysis on the profit and loss of agroecosystem service value in Guangdong Province

Due to the imbalance in the supply and demand of agricultural land, there is an increasing trend of land resources being remoted utilized across regions. Within the context of regional trade, changes in the agroecosystem service value (ESV) can be used to assess consumer responsibility. However, the embodied flow of ESV and its driving factors have been largely unexplored. This paper, utilizing the latest Chinese multi-regional input–output tables and the equivalence factor method, explores the spatiotemporal characteristics of embodied agricultural land and ESV flow between Guangdong and 30 other provinces, and further seeks to construct three types of embodied ESV models to reveal the driving factors. The findings reveal that during the process of domestic trade in goods and services, Guangdong Province has an inflow of 2.10 × 107 hm2 of land from other provinces, with arable land, forestland, and grassland accounting for 25, 61, and 14%, respectively. Guangdong’s utilization of ESV is mainly dependent on external inflows, with minimal local consumption and outflows. The embodied ESV between Guangdong and other provinces is 1626.10 billion yuan, with an outflow of 325.32 billion yuan. The “Y”-shaped region consisting of the northwest, northeast, southwest, and Hainan bears significant potential ESV losses for Guangdong Province. Population growth and the intensity of ESV loss will promote the flow of cropland and forestland ESV, while economic development has a certain inhibitory effect on ESV transfer. This paper provides a new analytical perspective on issues such as the spatial distribution mismatch of land resources and ecologically unequal exchange. These insights are pivotal for promoting sustainable utilization of land resources and regional equity.

China's Export Trade's Effects on the Global Economy

China’s export trade’s effects on the global economy involves many aspects, including global economic growth, international trade pattern, industrial structure adjustment and so on. Therefore, it is crucial to carry out a thorough analysis of the effects of China's export trade on the world economy. This paper will use a combination of quantitative and qualitative research methods to carry out the research, and at the same time use a large number of charts and graphs to analyse the data. Firstly, the size and trajectory of China's exports will be revealed by collecting and analysing a large number of statistical data, such as the organization of China's export market, the total amount of trade exports from China, China's gross domestic product, and global GDP. Secondly, the impact of China's export trade on the global economy is explored in depth through data comparison and empirical analysis. Through the review of related literature and theoretical analyses, China's export trade has an important impact on the world economy, and the future trend will be characterised by industrial upgrading, multilateral trade co-operation and service trade growth.

A Study on the Effect of Information and Communication Technology (ICT) on Trade in Services in the United States

The pandemic of COVID-19 appears to boost trade in services and even the ICT service exports in the U.S. The U.S. has been recognized as the world's largest services market and became a leading exporter and importer of services over the last two decades. In this perspective, this study attempts to empirically identify the impact of ICT on trade in services and ICT service exports in the U.S. by employing the modified gravity model of trade from 1990 to 2021. The results indicate that overall ICT access and ICT use have significant positive effects on the trade in services and ICT service exports, but others brought about different results. The study also finds two important facts. First, FTS has a positive effect on the trade in services and ICT services exports, while, MCS has a completely negative effect on both the trade in services and ICT services exports. More interestingly, the dimension of ICT use of IUI and FBS have a different impact on both trade in services and ICT services exports. Another important finding is that the coefficients of IUI and FBS in relation to the trade in services have an unexpected negative sign, while both IUI and FBS have a positive influence on ICT service exports. Finally, these empirical results imply that ICT use has played a more productive role in enhancing ICT service exports than that of ICT access in the U.S. Consequently, these results might provide vital policy insights for the development of ICT and more rapid growth of services trade.

The ternary water cycle of ‘nature–society–trade’ in the inland arid areas

AbstractWater cycle is important for maintaining the dynamic balance of regional water resources. Here, based on the input–output water circulation flux accounting model, we take Xinjiang as a case area to empirically explore the mechanism of the ‘nature‐society‐trade’ ternary water cycle. The results show that the water transferred out was much larger than the transferred in in Xinjiang. The scale of water resources development and utilization and the social water cycle fluxes have been constantly expanding, but there was a mismatch between the hydrological system and the socio‐economic system in terms of water resource utilization. From 2007 to 2017, agriculture had always been the department with the largest amount of direct water consumption and virtual water transfer in Xinjiang, which mainly transferred virtual water to the light industry and service sector where the production of final products requires large amounts of agricultural products as raw materials or intermediate products. In Xinjiang, the virtual water transferred outside through trade in products and services was much larger than the virtual water transferred in from other regions, and it was thus always in a state of net virtual water outflow as a whole. In inter‐provincial trade of China, Xinjiang mainly transferred virtual water to areas with abundant water resources, developed economies and dense populations in eastern China. Lastly, we put forward targeted suggestions on the optimal allocation of water resources to promote the sustainable development of Xinjiang and we hope that our study will be instructive for water resources management in other arid inland river basins.

Comparative Study on Financial Services Trade Competitiveness in the Belt and Road Countries — Taking the Banking Sector as an Example

Based on the comprehensive evaluation results of entropy weight TOPSIS method, this paper conducted a comparative analysis on the financial services trade competitiveness in the Belt and Road Initiative countries, taking the banking sector as an example. The main findings are as follows: most Belt and Road Initiative countries lack competitiveness in financial services trade across borders and the gap is obvious when they are compared with Japan and other developed Western countries. China’s financial services trade competitiveness is ranked highly among the Belt and Road Initiative countries; the financial services trade competitiveness in East Asia and Central and Eastern Europe is stronger than that of other regions with South Asia being the weakest. Based on Diamond Model, this study analyzed the reasons for the gap between the Belt and Road Initiative countries and developed Western countries, and found that the gap between them is obvious in most aspects. Finally, countermeasures are proposed to improve China’s financial services trade competitiveness based on the analysis.

Innovation Path of Standardization of Service Trade Under the Background of Digitalization

Innovation Path of Standardization of Service Trade Under the Background of Digitalization

Custody in the age of digital assets : The path to building market infrastructure fit for a tokenised economy

This paper charts the dynamic evolution of finance and capital markets amid the digital asset surge. Tracing the historical trajectory from conventional banking to the current digital era, the paper underscores the intertwined narrative of finance and technology. Distributed ledger technology (DLT) and digital assets take centre stage, driving continuous financial operations and reshaping market dynamics. Custody emerges as a pivotal factor in this digital transformation. Established financial institutions strategically invest in digital asset infrastructure, recognising the seismic potential of tokenisation. Research from major companies projects significant tokenisation of assets, prompting global banks to align their strategies accordingly. The paper explores diverse use cases, from custody and trading services for cryptocurrencies to tokenising financial securities and real-world assets. Navigating the regulatory landscape proves crucial, with varying regulations across jurisdictions posing challenges. A unified regulatory framework is advocated for fostering global adoption. The paper delves into the technological nuances of safeguarding digital assets, exploring key management solutions such as multiparty computation (MPC) and hardware security modules (HSMs). The paper anticipates a shift towards recentralisation as the digital asset market matures, with established financial institutions and custodians poised to leverage trust, balance sheets and regulatory compliance to open up commercial opportunities in the digital asset space. In essence, the paper provides a sweeping overview of the current digital asset landscape, offering insights into challenges, opportunities and technological considerations shaping the digital asset custody value chain.

디지털 서비스 무역 장벽이 서비스 수출의 복잡성에 미치는 영향에 관한 연구 - 중국발 경험적 증거

디지털 서비스 무역 장벽이 서비스 수출의 복잡성에 미치는 영향에 관한 연구 - 중국발 경험적 증거

An Empirical Study of the Determinants of Digital Trade Competitiveness in APEC Economies: Based on Porter’s Diamond Model

Purpose – This study aims to analyze the impact of each factor on the international competitiveness of digital trade by selecting nine major APEC digital trading countries based on Porter’s “Diamond Model”. Design/Methodology/Approach – Based on Porter’s “Diamond Model”, this study established indicators influencing the national competitiveness of nine APEC member countries, and panel analysis was conducted by selecting eight indicators, including digital trade exports (DTE), production factors, demand conditions, corporate organization, strategy and competition, related and supporting industry performance, and government and opportunities, as explanatory variables. Findings – According to the panel regression analysis results, among the explanatory variables, both the number of fixed infrastructure broadband subscribers (FBS) and services trade exports (CSE) had a significant positive effect on digital trade competitiveness. Research Implications – The development of digital trade is closely related to the support of various infrastructure facilities, and information and communication technology-based digital trade has to offer technical assurances and methods for data input and output for industrial development. Most traditional service industries in APEC member countries still account for a large proportion. The export growth of service trade heavily relies on the overall improvement of the competitiveness of the service trade. Therefore, it is necessary to seize the development opportunities of the service trade, expand the export market share of traditional service industries, and actively develop emerging modern service industries to promote the harmonious development of the overall service trade industry and enhance the international competitiveness of digital trade.

Digital model of accounting for the quality of trade services rendered

Digital model of accounting for the quality of trade services rendered

Foreign trade in tourism services of Portugal

EU members have a common customs union, a single market (in which goods, people and capital move freely), a common trade policy, a common agricultural policy and a common currency (the euro). In addition, the EU has taken steps to develop a common foreign and security policy. The EU currently faces a number of political and economic challenges, including slow growth and persistently high unemployment in many EU countries. Portugal, as a member of the EU, is experiencing a whole range of problems, like other member countries. But due to the peculiarities of the economy, these problems have their own specifics, including those related to the development of the tourism sector and its role in the country’s economy. In the article, the author examines this specificity and draws conclusions about the characteristics of Portugal.

Switzerland in international trade in goods and services

The Swiss economy is highly integrated into the international economy and the country benefits from an open trade regime for manufactured goods. The priority directions of Switzerland’s foreign economic policy are assistance with the entry of Swiss companies into international markets and the subsequent development of economic ties with the EU. In the article, the author examines Switzerland as a participant in international trade.

DETERMINAN PERMINTAAN PARIWISATA INTERNASIONAL: STUDI WISATAWAN MANCANEGARA DI INDONESIA TAHUN 2013-2020

The tourism sector is one of the sectors that contributes the most to national foreign exchange earnings. However, trade in tourism services is still faced with a number of problems and challenges going forward. This can be seen from the comparison of the number of foreign tourist arrivals in Indonesia which shows that Indonesia's tourism market share is still limited and has not been able to compete in the international market. The purpose of this study is to determine and analyze the influence of the Tourism Consumer Price Index (TCPI), GDP per capita of the country of origin of foreign tourists, the Rupiah Exchange Rate against the currency of the country of origin of foreign tourists, and the Visit Visa Free Policy in Indonesia on international tourism demand in Indonesia in the 2013-2013 period. 2020. The variables used are variables that can influence international tourism demand according to previous researchers.The data used in this study is secondary data combining cross sections from 28 countries of tourist visitors and time series from 2013 to 2020. The data collection method was carried out through documentation sourced from the World Development Indicators, Bank Indonesia, and the Central Statistics Agency (BPS). The analytical method used is panel data with the help of Stata 17. The results of this study show that the GDP per capita of the country of origin of foreign tourists has a positive and significant effect on the demand for international tourism in Indonesia in 2013-2020. The rupiah exchange rate has a negative and significant effect on the demand for international tourism in Indonesia in 2013-2020, while the TCPI and Visit Visa Free Policy in Indonesia have no significant effect on demand for international tourism in Indonesia in 2013-2020.