Service Export Sophistication and Europe’s New Growth Model

Gable, Susanna Lundstrom ; Mishra, Saurabh

关键词: AGRICULTURE;    ASSETS;    CAPITAL MARKETS;    COMMODITY;    COMPARATIVE ADVANTAGE;   

DOI  :  10.1596/1813-9450-5793
RP-ID  :  WPS5793

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Technology has changed the nature ofservice activities and made them more productive, tradableand fragmented in the global supply chain. Has Europe'sgrowth been benefiting from the ongoing globalization ofservices? Services dominate growth in EU-15 countries and,to a lesser extent, in New Member States (NMS) and Accession(ACC) countries. Except in the ACC region, Europe hasmaintained specialization in service exports. Serviceproductivity, tradability, and exports of modern servicesare high in EU-15, growing fast in NMS while at a lower pacein ACC. Service export sophistication is important forgrowth across the region, but especially in NMS.