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The Impact of Innovation on Financial and Insurance Services Exports

  • Kristie Briggs EMAIL logo
Veröffentlicht/Copyright: 26. September 2017
The B.E. Journal of Economic Analysis & Policy
Aus der Zeitschrift The B.E. Journal of Economic Analysis & Policy Band 17 Heft 4

Abstract

Striving for growth in service exports is an important way many service-oriented countries offset trade deficits commonly generated by a disproportional dependence on manufactured imports. Exports of business services are a significant subset of overall services trade. This paper examines whether innovation enhances exports of financial and insurance services by firms operating in these service industries. Results indicate that innovation has a sizable, positive impact on financial and insurance services exports. This holds true when examining a country’s aggregate level of insurance and financial services exports, as well as bilateral exports to a specific trade partner. However, robustness tests suggest that the positive effect of innovation on bilateral financial and insurance services exports holds true only at the extensive margin of trade (i. e. the decision to export), but not at the intensive margin (i. e. how much to export).

Keywords: services trade; margins of trade; innovation; business services
JEL Classification: F14; G20; O31

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Published Online: 2017-9-26

© 2017 Walter de Gruyter GmbH, Berlin/Boston

Artikel in diesem Heft

  1. Research Articles
  2. The Effectiveness of Public Subsidies for Private Innovations. An Experimental Approach
  3. Household Production and the Elasticity of Marginal Utility of Consumption
  4. The Effect of Neighborhood Fast Food on Children’s BMI: Evidence from a Sample of Movers
  5. Financial Constraints: Do They Matter to Allocate R&D Subsidies?
  6. Structuring Subsidies in a Long-Term Credit Relationship
  7. Crime and Establishment Size: Evidence from South America
  8. Does the National Flood Insurance Program Have Redistributional Effects?
  9. Effective Policies for Transportation and Pollution Reduction on North America’s International Borders
  10. School Bond Referendum, Capital Expenditure, and Student Achievement
  11. Understanding the Unequal Post-Great Recession Wealth Recovery for American Families
  12. The Impact of Innovation on Financial and Insurance Services Exports
  13. The Impact of Fiscal Transparency on Corruption: An Empirical Analysis Based on Longitudinal Data
  14. The Great Depression of Income: Historical Estimates of the Longer-Run Impact of Entering the Labor Market during a Recession
  15. Letters
  16. Unilateral Technology Sharing among Competitors in Markets with Heterogeneous Consumers
  17. The Impact of Public Smoking Bans on Smoking Behaviour: Evidence from an Australian Experiment
https://doi.org/10.1515/bejeap-2016-0310
Schlagwörter für diesen Artikel
services trade; margins of trade; innovation; business services

Artikel in diesem Heft

  1. Research Articles
  2. The Effectiveness of Public Subsidies for Private Innovations. An Experimental Approach
  3. Household Production and the Elasticity of Marginal Utility of Consumption
  4. The Effect of Neighborhood Fast Food on Children’s BMI: Evidence from a Sample of Movers
  5. Financial Constraints: Do They Matter to Allocate R&D Subsidies?
  6. Structuring Subsidies in a Long-Term Credit Relationship
  7. Crime and Establishment Size: Evidence from South America
  8. Does the National Flood Insurance Program Have Redistributional Effects?
  9. Effective Policies for Transportation and Pollution Reduction on North America’s International Borders
  10. School Bond Referendum, Capital Expenditure, and Student Achievement
  11. Understanding the Unequal Post-Great Recession Wealth Recovery for American Families
  12. The Impact of Innovation on Financial and Insurance Services Exports
  13. The Impact of Fiscal Transparency on Corruption: An Empirical Analysis Based on Longitudinal Data
  14. The Great Depression of Income: Historical Estimates of the Longer-Run Impact of Entering the Labor Market during a Recession
  15. Letters
  16. Unilateral Technology Sharing among Competitors in Markets with Heterogeneous Consumers
  17. The Impact of Public Smoking Bans on Smoking Behaviour: Evidence from an Australian Experiment
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