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Market structure and market access

Wooton, I. and Francois, J. F. (2010) Market structure and market access. World Economy, 33 (7). pp. 873-893. ISSN 0378-5920

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    Abstract

    We examine an issue at the nexus of domestic competition policy and international trade, the interaction between goods trade and market power in domestic trade and distribution sectors. Theory suggests a set of linkages between service-sector competition and goods trade supported by econometrics involving imports of 22 OECD countries vis-´a-vis 69 exporters. Competition in services affects the volume of goods trade. Additionally, because of interaction between tariffs and competition, the market structure of the domestic service sector becomes increasingly important as tariffs are reduced. Empirically service competition apparently matters most for exporters in smaller, poorer countries. Our results also suggest that while negotiated agreements leading to crossborder services liberalization may boost goods trade as well, they may also lead to a fall in goods trade when such liberalization involves FDI leading to increased service sector concentration.

    Item type: Article
    ID code: 15339
    Keywords: market structure, market access, Economic Theory, Finance, Economics and Econometrics, Political Science and International Relations, Accounting
    Subjects: Social Sciences > Economic Theory
    Department: Strathclyde Business School > Economics
    Related URLs:
    Depositing user: Mrs Kirsty Fontanella
    Date Deposited: 08 Feb 2010 14:45
    Last modified: 27 Mar 2014 21:43
    URI: http://strathprints.strath.ac.uk/id/eprint/15339

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