Mattoo, AadityaRathindran, RandeepSubramanian, Arvind2014-08-212014-08-212001-08https://hdl.handle.net/10986/19568The authors explain how the output growth effect from liberalizing the service sectors differs from the effect from liberalizing trade in goods. They also suggest using a policy-based rather than outcome-based measure of the openness of a country's service regime. They construct such openness measures for two key service sectors' basic telecommunications and financial services. Finally, the authors provide some econometric evidence--relatively strong for the financial sector and less strong, but nevertheless statistically significant, for the telecommunications sector--that openness in services influences long-run growth performance. Their estimates suggest that growth rates in countries with fully open telecommunications and financial services sectors are up to 1.5 percentage points higher than those in other countries.en-USCC BY 3.0 IGOACCOUNTING PRINCIPLESAGRICULTUREALLOCATIVE EFFICIENCYBANK REGULATIONBANKING REGULATIONBANKING SECTORBANKING SERVICESBANKING SYSTEMBANKING SYSTEMSBARRIERS TO ENTRYBUSINESS SERVICESCAPITAL FORMATIONCAPITAL GOODSCAPITAL MARKETSCDCONSUMER SURPLUSCOUNTRY DATADEVELOPED COUNTRIESDIRECT INVESTMENTECONOMETRIC EVIDENCEECONOMIC GROWTHECONOMIC PERFORMANCEECONOMIC WELFAREECONOMIES OF SCALEEMPIRICAL EVIDENCEEMPLOYMENTEQUILIBRIUMFACTORS OF PRODUCTIONFINANCIAL DEVELOPMENTFINANCIAL PERFORMANCEFINANCIAL REGULATIONFINANCIAL SECTORFINANCIAL SERVICESFINANCIAL SYSTEMSFOREIGN BANKSFORMAL ANALYSISGDPGNPGROWTH MODELSGROWTH PERFORMANCEGROWTH RATEGROWTH RATESHEALTH SERVICESHUMAN CAPITALIMPORTSINDUSTRIAL ECONOMIESINEFFICIENCYINFLATIONINFLATION RATEINSTITUTIONAL QUALITYINTERMEDIATE GOODSINTERNATIONAL DEVELOPMENTINTERNATIONAL TRADELEARNINGLONG RUN GROWTH PERFORMANCEMACROECONOMIC IMBALANCESMACROECONOMIC VARIABLESMONOPOLY RENTSNATIONAL POLICIESNEW ENTRANTSPOLITICAL STABILITYPOSITIVE EFFECTSPOSITIVE EXTERNALITIESPRIMARY EDUCATIONPRIVATIZATIONPRODUCTIVITYPURCHASING POWERPURCHASING POWER PARITYREAL GDPREGRESSION ANALYSISREGULATORY QUALITYRESOURCE ALLOCATIONSAVINGSSCALE EFFECTSCALE EFFECTSSOFTWARE DEVELOPMENTSYSTEMIC RISKTARIFF BARRIERSTECHNOLOGICAL PROGRESSTECHNOLOGY TRANSFERTELECOM SECTORTELECOMMUNICATIONSTELECOMMUNICATIONS LIBERALIZATIONTELECOMMUNICATIONS SECTORTELECOMMUNICATIONS SERVICESTELEDENSITYTHEORETICAL MODELSTOTAL FACTOR PRODUCTIVITYTOTAL FACTOR PRODUCTIVITY GROWTHTRADE LIBERALIZATIONTRADE POLICIESTRANSACTION COSTSTRANSACTIONS COSTSTRANSPORT10.1596/1813-9450-2655