Раздел 12. География сектора услуг
The major aim of the article is to reveal the modern trends in the changes of the role of services in Chinese economy. So as to attain the goal, the authors consider characteristics of the country’s tertiary sector and its involvement in both international trade in services and global value chains. The commercial services’ exports structure, revealed comparative advantage, trade restrictiveness index are analyzed in order to highlight common and peculiar features of the sphere of services in Russia and China. The comparison of the two countries’ key indices of trade in services indicates the existing trends of broadening collaboration between the economies. What is more, the authors review horizontal measures of Chinese trade policy and regulations in particular spheres and consider commitments within the free trade agreements in services and investment.
Employing a unique database of Ukrainian firms in 2001–2007, we use the external push for liberalization in the services sector as a source of exogenous variation to identify the effect of services liberalization on total factor productivity (TFP) of manufacturing firms. The results indicate that a standard deviation increase in services liberalization within a firm is associated with a 9.2 percent increase in TFP. The effect is stronger for firms with high productivity, bringing about a reallocation of resources within an industry. Industry-level results show that the effect of reallocation on industry productivity is almost as strong as the within-firm effect. The dynamic interaction of services liberalization and TFP through the investment channel reinforces the effect. The effect is robust to different estimation methods and to different sub-samples of the data. In particular, it is more pronounced for domestic and small firms.