Trading firms in the services sectors: comparable evidence from four EU countries
- 392 Downloads
We establish a set of stylised facts for trade and trading firms in five market services sectors using comparable firm- and activity-level data from four EU countries. Our analysis shows that exports account for much lower shares of overall sales in the services sectors than in manufacturing. This is because fewer firms are engaged in trade in the services sectors and also because within particular sectors firms trade a lower share of their sales on average. Services producers trade mostly goods, but in terms of value, trade in services is much more important to them than to manufacturers. Larger and more productive firms are more likely to be two-way traders and to engage in both goods and services trade. Trade by services firms is somewhat less dominated by firms that both export and import than trade by manufacturing firms. Few firms export many services or to many countries. The value of services exports is increasing in the number of markets served but not necessarily in the number of services traded.
KeywordsExports Imports Services International comparison
JEL ClassificationF14 D22 L80
This project is funded by the European Commission, Research Directorate General as part of the 7th Framework Programme, Theme 8: Socio-Economic Sciences and Humanities, Grant Agreement No. 244552 (SERVICEGAP). This publication reflects the views of the authors and not those of the institutions they are affiliated with. The European Commission is not liable for any use that may be made of the information contained therein.
- Amador, J., & Opromolla, L. (2013). Product and destination mix in export markets. Review of World Economics (Weltwirtschaftliches Archiv), 149(1), 23–53.Google Scholar
- Andersson, M., Lööf, H., & Johansson, S. (2008). Productivity and international trade: Firm level evidence from a small open economy. Review of World Economics (Weltwirtschaftliches Archiv), 144(4), 774–801.Google Scholar
- Bernard, A. B., & Jensen, J. B. (1995) Exporters, jobs and wages in US manufacturing: 1976–1987. Brookings Papers on Economic Activity, Microeconomics, pp. 67–119.Google Scholar
- Federico, S., & Tosti, E. (2012). Exporters and importers of services: Firm-level evidence on Italy. Temi di discussione (Economic Working Papers) 877, Bank of Italy, Economic Research and International Relations Area.Google Scholar
- Grublješič, T., & Damijan, J. (2011). Differences in export behavior of services and manufacturing firms in Slovenia. Economic and Business Review, 13(1–2), 77–105.Google Scholar
- ISGEP International Study Group on Exports and Productivity. (2008). Understanding cross-country differences in exporter premia: Comparable evidence for 14 countries. Review of World Economics (Weltwirtschaftliches Archiv), 144(4), 596–635.Google Scholar
- Temouri, Y., Alexander, V., & Wagner, J. (2013). Self-selection into export markets by business services firms—evidence from France, Germany and the United Kingdom. Structural Change and Economic Dynamics, 25(C), 146–158.Google Scholar
- UNCTADstat. (2013). http://unctadstat.unctad.org/ReportFolders/reportFolders.aspx. Accessed 19/02/2013.
- Wagner, J. (2012). International trade and firm performance: A survey of empirical studies since 2006. Review of World Economics (Weltwirtschaftliches Archiv), 148(2), 235–267.Google Scholar
- World Bank. (2010). World Development Indicators 2010. http://www.worldbank.org. Accessed 30/08/2010.