Global Gains from Liberalising Trade in Telecommunications and Financial Services

Staff research paper

Global Gains from Liberalising Trade in Telecommunications and Financial Services by George Verikios and Xiao-guang Zhang was released on 16 October 2001, in conjunction with the staff research paper, Price Effects of Regulation: Telecommunications, Air Passenger Transport and Electricity Supply. This study provides a quantitative analysis of the effects of trade liberalisation on two large service sectors: telecommunications and financial services. Also see:


CONTENTS

Preliminaries
Cover, Copyright, Contents, Preface, Acknowledgments, Abbreviations, Key Findings, Overview

1 Introduction
1.1 The GATS and unique features of services trade
1.2 Gains from liberalising trade in telecommunications and financial services

2 Analytical framework
2.1 Commercial presence of foreign affiliates
2.2 Cross-border supply of services
2.3 Barriers to trade in telecommunications and financial services

3 Policy options
3.1 Trade liberalisation under the GATS
3.2 Liberalisation scenarios modelled

4 Liberalising trade in telecommunications
4.1 Global and regional effects
4.2 Sectoral effects

5 Liberalising trade in financial services
5.1 Global and regional effects
5.2 Sectoral effects

6 Conclusion
6.1 General results
6.2 Policy implications
6.3 Agenda for future work

A A diagrammatic illustration of the comparative static gains from removing barriers to commercial presence

B Modelling commercial presence in the FTAP2 model
B.1 Supply of capital
B.2 Demand for firm-specific products

C Database construction

D Estimating tax equivalents of barriers to trade in telecommunications and financial services

References

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