Effects of Service Industry Liberalization on Exports
- DOI
- 10.2991/iemetc-17.2017.46How to use a DOI?
- Keywords
- Service Industry Opening Up, FDI Liberalization Index, Input-Output Tables
- Abstract
The service industry opening can bring about a large welfare effect. However, the Chinese government basically adheres to a more or less conservative service industry opening strategy. Therefore, we try to find out the potential effects of service industry opening from a policy perspective. This paper quantifies the information from "foreign investment industry guidance catalogue" as a FDI liberalization index, used to measure the Chinese government's attitude towards foreign investment. Furthermore, we construct the upstream and the downstream foreign restriction index, and examine the impact of foreign investment liberalization on China's export and value-added exports through empirical analysis. The results show that: reduction of the restrictions on foreign investment can promote China's the export of total industry and services, and enhance the competitiveness of exports. Whether the services industry played as an upstream or downstream one, service industry opening can effectively promote its upstream and downstream industry export. Service industry liberalization has strong externality, which means its export effects on upstream and downstream industries are significantly higher than on itself.
- Copyright
- © 2017, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Yang Li AU - Yanxi Huang PY - 2017/07 DA - 2017/07 TI - Effects of Service Industry Liberalization on Exports BT - Proceedings of the 2017 9th International Economics, Management and Education Technology Conference (IEMETC 2017) PB - Atlantis Press SP - 218 EP - 225 SN - 2352-5428 UR - https://doi.org/10.2991/iemetc-17.2017.46 DO - 10.2991/iemetc-17.2017.46 ID - Li2017/07 ER -