The Role of Goods-Trade Networks for Services-Trade Volume 48v中山大学中国第三产业研究中心
Peter H. Egger, Joseph Francois，Douglas R. Nelson48v中山大学中国第三产业研究中心
《World Economy》 , 2017 , 40 (3)48v中山大学中国第三产业研究中心

48v中山大学中国第三产业研究中心
Abstract：In this paper, we address the role of countries’ goods-trade networks for their services-trade volume. The paper employs a large cross section of bilateral trade data on aggregate cross-border goods and services sales and illustrates that the depth and overlap of two countries’ services networks induce a positive direct impact on their services-trade volume. The evidence takes into account that goods trade flows and networks are potentially endogenous so that the estimated direct effects support a causal interpretation. We find that the magnitude of the multilateral goods-trade network effect on the bilateral services-trade volume is much larger than that of bilateral goods-trade volume.48v中山大学中国第三产业研究中心

 48v中山大学中国第三产业研究中心

Egger_et_al-2017-The_World_Economy.pdf

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