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Autor
Wajda-Lichy Marta (Krakow University of Economics), Fijorek Kamil (Krakow University of Economics), Denkowska Sabina (Krakow University of Economics)
Tytuł
The ICT Service Trade and Goods Trade: Are They Complementary in the Digital Era?
Źródło
International Entrepreneurship Review, 2023, vol. 9, nr 4, s. 83-99, tab., wykr., bibliogr. 18 poz.
Słowa kluczowe
Technologie teleinformatyczne, Technologie cyfrowe, Handel, Handel usługami
Information and communication technologies, Digital technologies, Trade, Services trade
Uwagi
Klasyfikacja JEL: F10, F14, C23
summ.
Abstrakt
Objective: This article aims to examine whether the exports of information and communication technology (ICT) services are complementary to trade in ICT goods and overall merchandise exports. Research Design & Methods: We used panel regression models (log-log specification, Driscoll-Kraay robust standard errors accounting for cross-sectional dependence, heteroscedasticity, and serial correlation) to explore how the ICT service exports depend on trade in ICT goods (both exports and imports) and total merchandises exports. The research sample covered data for 37 developed economies over the 1998-2017 period. Findings: The results show that both the exports and the imports of ICT goods are complementary to the exports of ICT services. We also identified complementarity between total merchandise exports and ICT service exports. Moreover, global demand for services and broadband digital connectivity have been proven to be significant determinants of ICT service exports. Implications & Recommendations: The detected dependencies imply that in the digital era, export-promoting policies should not treat trade in goods and trade in ICT services separately. Moreover, policymakers should consider factors such as broadband digital connectivity and world demand as important drivers of ICT service exports. Contribution & Value Added: This study provides new evidence on determinants of one of the most rapidly growing export categories, i.e. the exports of ICT services. We identified three sources of potential complementarities arising in the digital era between trade in goods and services. Moreover, while most researchers examined the role of traditional internet, we tested our models for broadband connectivity as a determinant of ICT service exports. (original abstract)
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Bibliografia
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  8. Gnangnon, S.K. (2021). Effect of Multinateral Trade Liberalizatiion on services exports diversification. Journal of Economic Studies, 49(6), 1117-1136. https://doi.org/10.1108/JES-01-2021-0057
  9. Hoekman, B., & Mattoo, A. (2013). Liberalizing trade in services: Lessons from regional and WTO negotiations. International Negotiation, 18(1), 131-151. https://doi.org/10.1163/15718069-12341251
  10. López González, J., & Ferencz, J. (2018). Digital Trade and Market Openness. OECD Trade Policy Papers, 217, OECD Publishing, Paris. https://doi.org/10.1787/1bd89c9a-en
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  16. Sahoo, M., Babu, M.S., & Dash, U. (2019). Asymmetric effects of exchange rate movements on traditional and modern services exports: Evidence from a large emerging economy. Journal of International Trade and Economic Development, 28(4), 508-531. https://doi.org/10.1080/09638199.2018.1561744
  17. Wajda-Lichy, M., Fijorek, K., Denkowska, S., & Kawa, P. (2022). The impact of information and communication technology on services exports: Evidence from developed and developing economies. International Entrepre- neurship Review, 8(3), 69-80. https://doi.org/10.15678/IER.2022.0803.05
  18. WDI database (2022). World Development Indicators data retrieved from World Bank https://databank.worldbank.org/source/world-development-indicators on September 30, 2022.
Cytowane przez
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ISSN
2658-1841
Język
eng
URI / DOI
https://doi.org/10.15678/IER.2023.0904.06
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