The Effects of Trade in Services on Economic Growth in Acceded Members of the WTO

Document Type : Research Paper

Authors

1 Faculty members of Institute for Trade Studies and Research, Tehran, Iran

2 Associate Professor of Institute for Trade Studies and Research, Tehran, Iran

3 Faculty members of Institute for Trade Studies and Research, Tehran, Iran.

Abstract

 
Regarding the fact that Iran is an acceding member of the WTO and the growing importance of trade in services in this organization, the effects of trade in services on economic growth are examined in this paper. By employing dynamic panel data and GMM approach, the findings indicate that there has been a positive effect on economic growth due to trade development and liberalization in services in acceded countries. However, this effect is different in each subsector of services, in which, trade in financial services has most effect on economic growth; then, business, transportation and travelling have more effect respectively. Therefore, according to the result of this paper, the priorities of trade liberalization in services subsectors are recommended by the degree of trade effects in each subsector on economic growth which is one of the most crucial indicators in economic performance.

Keywords

References

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