Understanding world and South African trade in services

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dc.contributor.advisorHartzenberg, Trudien_ZA
dc.contributor.authorHodge, Jamesen_ZA
dc.date.accessioned2016-02-24T11:17:05Z
dc.date.available2016-02-24T11:17:05Z
dc.date.issued1997en_ZA
dc.descriptionBibliography: pages 86-90.en_ZA
dc.description.abstractServices trade has become a significant component of world trade and has been given more academic profile since its inclusion in the Uruguay Round of GATT trade talks. However, the paucity of academic work means that services trade is still poorly understood and lacks significant statistical analysis. This research begins by analysing the characteristics of different service types using South African output, capital, employment and wage data. This demonstrates that consumer services tend to be labour-intensive while producer and community/social services tend to be capital- and skill- intensive. Then IMF balance of payments data and World Bank output data for all world regions is used to calculate the cause of growth in services trade, the product structure of traded services and the export and import performance of countries from different regions and development stages. It is found that producer services account for almost 2/3's of traded services followed by consumer services with around 30%. Industrial countries dominate services trade to a far greater extent than goods trade yet this dominance is diminishing due to the growing share of the Asian developing economies. Further analysis of service trade patterns finds that although traditional trade theory and its extensions account for much of what is observed, it needs to be augmented by the strong influences of geographical proximity, policy distortions and the level of other trade and investment that a country engages in. A mix of IMF and SARB data is used to construct a service trade data set for South Africa which complies with the new IMF BPM5 definitions. This data reveals the poor performance of South African service exports which have been stunted to a large degree by sanctions and geographic isolation from the large growth regions of the world. A closer inspection of the product mix reveals that exports are dominated by the labour-intensive travel sector with particularly poor performance within the business services sector. Imports are dominated by the capital-intensive transportation sector. A regional breakdown of trade reveals the dominance of trade with the African and European regions - signs of the importance of regional proximity and trade and investment links in services trade.en_ZA
dc.identifier.apacitationHodge, J. (1997). <i>Understanding world and South African trade in services</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,School of Economics. Retrieved from http://hdl.handle.net/11427/17237en_ZA
dc.identifier.chicagocitationHodge, James. <i>"Understanding world and South African trade in services."</i> Thesis., University of Cape Town ,Faculty of Commerce ,School of Economics, 1997. http://hdl.handle.net/11427/17237en_ZA
dc.identifier.citationHodge, J. 1997. Understanding world and South African trade in services. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Hodge, James AB - Services trade has become a significant component of world trade and has been given more academic profile since its inclusion in the Uruguay Round of GATT trade talks. However, the paucity of academic work means that services trade is still poorly understood and lacks significant statistical analysis. This research begins by analysing the characteristics of different service types using South African output, capital, employment and wage data. This demonstrates that consumer services tend to be labour-intensive while producer and community/social services tend to be capital- and skill- intensive. Then IMF balance of payments data and World Bank output data for all world regions is used to calculate the cause of growth in services trade, the product structure of traded services and the export and import performance of countries from different regions and development stages. It is found that producer services account for almost 2/3's of traded services followed by consumer services with around 30%. Industrial countries dominate services trade to a far greater extent than goods trade yet this dominance is diminishing due to the growing share of the Asian developing economies. Further analysis of service trade patterns finds that although traditional trade theory and its extensions account for much of what is observed, it needs to be augmented by the strong influences of geographical proximity, policy distortions and the level of other trade and investment that a country engages in. A mix of IMF and SARB data is used to construct a service trade data set for South Africa which complies with the new IMF BPM5 definitions. This data reveals the poor performance of South African service exports which have been stunted to a large degree by sanctions and geographic isolation from the large growth regions of the world. A closer inspection of the product mix reveals that exports are dominated by the labour-intensive travel sector with particularly poor performance within the business services sector. Imports are dominated by the capital-intensive transportation sector. A regional breakdown of trade reveals the dominance of trade with the African and European regions - signs of the importance of regional proximity and trade and investment links in services trade. DA - 1997 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 1997 T1 - Understanding world and South African trade in services TI - Understanding world and South African trade in services UR - http://hdl.handle.net/11427/17237 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/17237
dc.identifier.vancouvercitationHodge J. Understanding world and South African trade in services. [Thesis]. University of Cape Town ,Faculty of Commerce ,School of Economics, 1997 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/17237en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentSchool of Economicsen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherEconomicsen_ZA
dc.titleUnderstanding world and South African trade in servicesen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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