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U.s. International trade in other private services: do arm's length and intra-company trade differ? (2008).
| Content Provider | CiteSeerX |
|---|---|
| Author | Mann, Catherine L. Civril, Deniz |
| Abstract | Abstract: US international trade in so-called ‘other private services ’ (OPS) has more than tripled in the last decade to account for 13 percent of total exports and 5 percent of total imports. About 30 percent of this trade is between a US multinational parent and its affiliates abroad (intra-firm trade), about 60 percent is 'arms-length ' trade. Using annual panel data across countries and time, this paper examines the likelihood that US trading partners in goods also exchange Other Private Services, whether this probability affects the factors that drive OPS trade, and finally investigates whether the factors that drive OPS trade differ according to multinational ownership and the level of income in the source and destination country. We conclude that selection bias – to trade with the US in goods and services or just goods – does not impact the foreign factors that affect trade in services. The positive factors are economic size, richness, internet connectivity, tertiary FDI assets, and bilateral trade agreements and negative factors of distance, taxes, corruption. The foreign factors that differentially enhance intra-firm trade in OPS as compared to arms-length trade include: a higher share of services in GDP, greater internet connectivity, and more tertiary FDI assets. Factors such as relative wage growth abroad, |
| File Format | |
| Publisher Date | 2008-01-01 |
| Access Restriction | Open |
| Subject Keyword | Private Service Intra-company Trade Differ U.s. International Trade Tertiary Fdi Asset Intra-firm Trade Internet Connectivity Foreign Factor U International Trade Arms-length Trade Include Annual Panel Data Multinational Ownership Last Decade Negative Factor U Multinational Parent Total Import Destination Country Bilateral Trade Agreement Total Export Economic Size So-called Private Service Relative Wage Growth Ops Trade Differ Positive Factor Selection Bias Ops Trade |
| Content Type | Text |
| Resource Type | Article |
