Restrictions on Trade in Professional Services
Staff research paper
Restrictions on Trade in Professional Services by Duc Nguyen-Hong was released on 16 August 2000. The paper is part of the Commission’s research into barriers to trade in services, being undertaken in a collaborative project with the University of Adelaide and the Australian National University. This study focuses on quantifying the restrictions affecting trade in legal, accountancy, architectural and engineering services. It first develops a trade restrictiveness index measure, which shows the height of the barriers applying to domestic and foreign supply of professional services in a range of economies. It then develops estimates of the effects of restrictions in an econometric analysis of engineering service firms’ price-cost margins.
Released concurrently with this paper is a related study, Restrictions on Trade in Distribution Services, which focuses on restrictions affecting wholesale and retail trade. Also see:
CONTENTS
Preliminaries
Cover, Copyright, Preface, Contents, Abbreviations, Summary
1 Introduction
2 Index framework
2.1 Introduction
2.2 Some features of professional services
2.3 Measuring restrictions on trade in professional services
3 Index results
3.1 Introduction
3.2 Comparison among professions
3.3 Engineering services
3.4 Architectural services
3.5 Accountancy services
3.6 Legal services
4 Impacts of restrictions on engineering services
4.1 Introduction
4.2 Using price-cost margins data to estimate effects of restrictions
4.3 Modelling firm profitability and restrictions
4.4 Results
4.5 Impacts of restrictions on engineering services
References
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