Global Gains from Liberalising Trade in Telecommunications and Financial Services

Productivity Commission Staff Research Paper No. 1683

78 Pages Posted: 24 Oct 2001

See all articles by George Verikios

George Verikios

Monash University - Centre of Policy Studies

Xiao-Guang Zhang

Government of the Commonwealth of Australia - Productivity Commission

Date Written: October 16, 2001

Abstract

This paper uses a general equilibrium model to assess the effects of liberalising trade in telecommunications and financial services for 19 regions of the world.

Results suggest that economies gain from removing barriers to the establishment of new operations (domestic or foreign), and by liberalising the operations of existing operators. For the world as a whole, the one-off gains are estimated to be at least 0.2 per cent of combined GNP, or about US$50 billion.

Keywords: trade in services, telecommunications, finance, financial services, general agreement on trade in services, GATS, trade liberalisation, global.

JEL Classification: Z

Suggested Citation

Verikios, George and Zhang, Xiao-Guang, Global Gains from Liberalising Trade in Telecommunications and Financial Services (October 16, 2001). Productivity Commission Staff Research Paper No. 1683. Available at SSRN: https://ssrn.com/abstract=287801 or http://dx.doi.org/10.2139/ssrn.287801

George Verikios (Contact Author)

Monash University - Centre of Policy Studies ( email )

Clayton, Vic 3800
Australia

HOME PAGE: http://www.monash.edu.au/policy/

Xiao-Guang Zhang

Government of the Commonwealth of Australia - Productivity Commission ( email )

Level 28
35 Collins St.
Melbourne, Victoria, Victoria 3000
Australia

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