Abstract
This paper demonstrates that liberalizing trade in services, while yielding efficiency gains associated with comparative advantage, may yield additional gains for both importing and exporting countries because of an increased division of labor. A model is developed in which producer services coordinate and control the specialized members of complex production processes. The model is used to analyze trade in services and its effect on the division of labor and the realization of returns from specialization. This differs from the recent literature on traded services and specialization because of the explicit role introduced for services in the specialization process.
| Original language | English |
|---|---|
| Pages (from-to) | 109-24 |
| Journal | Canadian Journal of Economics |
| Volume | 23 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - Feb 1990 |
Fields of science
- 405002 Agricultural economics
- 502 Economics
- 502001 Labour market policy
- 502002 Labour economics
- 502003 Foreign trade
- 502009 Corporate finance
- 502010 Public finance
- 502012 Industrial management
- 502013 Industrial economics
- 502018 Macroeconomics
- 502020 Market research
- 502021 Microeconomics
- 502025 Econometrics
- 502027 Political economy
- 502039 Structural policy
- 502042 Environmental economics
- 502046 Economic policy
- 502047 Economic theory
- 504014 Gender studies
- 506004 European integration
- 507016 Regional economy
- 303010 Health economics