Using Trade Specification Index (TSI) and Revealed Comparative Advantage (RCA) Index, we investigate patterns of trade in services in twelve OECD countries during 1990-2002 and classify those twelve countries into four model-types: British model, Amer ...
Using Trade Specification Index (TSI) and Revealed Comparative Advantage (RCA) Index, we investigate patterns of trade in services in twelve OECD countries during 1990-2002 and classify those twelve countries into four model-types: British model, American model, French model, and German model. First, Finance, Insurance and Communications are core competitive sectors in British model (UK, Canada, Ireland, Switzerland). Second, the core sectors of American model cover not only finance like British model but also travel, royalties & license fees, and personal, cultural & recreational services. Third, French model (France, Italy and Australia) depends highly on travel service. Finally, German model (Germany, Japan, Korea and Sweden) demonstrates weak competitiveness in services sectors relative to manufacturing industries. They commonly possess competitiveness in transportation service.
This paper proposes an empirical investigation of tertiarization in the United States for the period 1948-2004 and differs from the pioneer study of Appelbaum and Schettkat (1995) by the following aspects. Adding to the conventional variables such as real income and relative prices considered by Appelbaum and Schettkat, wealth effect, participation of female workers, government debt and ICT diffusion are analyzed in our regression analysis. The estimation results show that the structural change such as globalization, informatization and financialization have played important roles in the process of the US tertiarization. Furthermore, their effects show great differences from period to period.