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Open Access research with a European policy impact...

The Strathprints institutional repository is a digital archive of University of Strathclyde's Open Access research outputs. Strathprints provides access to thousands of Open Access research papers by Strathclyde researchers, including by researchers from the European Policies Research Centre (EPRC).

EPRC is a leading institute in Europe for comparative research on public policy, with a particular focus on regional development policies. Spanning 30 European countries, EPRC research programmes have a strong emphasis on applied research and knowledge exchange, including the provision of policy advice to EU institutions and national and sub-national government authorities throughout Europe.

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Market structure in transport and distribution services, goods trade, and the effects of liberalisation

Francois, J.F. and Wooton, I. (2008) Market structure in transport and distribution services, goods trade, and the effects of liberalisation. In: 17th International ITF/OECD Symposium on Transport Economics and Policy: Benefiting from Globalisation. OECD Publishing, pp. 97-130. ISBN 9789282101681

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Abstract

This paper is concerned with the analytical implications of service-sector liberalization, and in particular the role of market structure in transport services. We focus here explicitly on cross-border trade in services, and the interaction of international trade with market structure and public regulation. Of course, in many ways the insights from the theoretical literature on international trade apply equally to goods and services. This is particularly true for cross-border trade. There are, however, some important differences. One is the role of which has important analytical implications. The significance of proximity for service transactions means that 'trade' in the case of services often requires a mix of cross-border transactions and local establishment (i.e., FDI). The importance of trade through affiliates is illustrated, for the case of the United States. The United States is the leading service exporter, with $245.7 billion in 1998. The level of U.S. service sales through affiliates (establishment trade) is comparable. Establishment sales amounted to $258 billion in 1997, which compares to $240 billion in direct exports.