Comparative advantages in U.S. bilateral services trade with China and India |
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| Affiliation: | 1. Department of Economics and International Business, Sam Houston State University, Huntsville, TX 77341-2118, United States;2. Department of Economics, Texas Christian University, TCU Box 298510, Fort Worth, TX 76129, United States;1. School of Sport, Exercise and Health Sciences, Loughborough University, Loughborough, United Kingdom;2. Exeter Collaboration for Academic Primary Care (APEx), University of Exeter Medical School, University of Exeter, Exeter, United Kingdom;3. Warwick Medical School, Exeter University, Coventry University, Coventry, United Kingdom;4. UHCW NHS Trust & Coventry NIHR CRF, Coventry, United Kingdom;1. Indira Gandhi Institute of Development Research, Gen. Vaidya Marg, Santosh Nagar, Goregaon (E) , Mumbai 400 065, India;2. National Institute of Public Finance and Policy (NIPFP), 18/2, Satsang Vihar Marg, Special Institutional Area (Near JNU), New Delhi 110067, India;1. Department of International Economics and Business, School of Economics, Xiamen University, Xiamen, China;2. School of Economics and Trade, Hunan University, Changsha, China;1. Department of Chemical Engineering, Pukyong National University, Busan, 48513, Republic of Korea;2. Robert Frederick Smith School of Chemical and Biomolecular Engineering, Cornell University, Ithaca, New York, 14853, USA;3. Institute of Cleaner Production Technology, Pukyong National University, Busan, 48547, Republic of Korea |
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| Abstract: | Using bilateral trade data for 16 service categories, this paper examines the patterns, evolution, and determinants of comparative advantage (CA) in U.S. services trade with China and India from 1992 to 2010. The results indicate that the U.S. has a CA in most services, except in more traditional ones, such as travel and transportation. However, India, and more recently China, gained a CA in modern services, such as computer and information services during the period considered in this paper. An examination of the distributional dynamics indicates that the likelihood of U.S. gaining CA over an initial position of comparative disadvantage (CDA) in its trade of a particular service with India is higher than the probability of losing its initial dominance. In contrast, the U.S. CA or CDA vis-à-vis China exhibits high levels of persistence over time. The regression results suggest that relative abundance of sector-specific labor, human capital, and FDI inflows have been significant sources of CA for the U.S. over both China and India. |
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| Keywords: | Services trade Comparative advantage (CA) Comparative disadvantage (CDA) Revealed symmetric comparative advantage (RSCA) Trade balance index (TBI) |
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