Skip to main content

Table 4 Impact of services trade liberalization on trade flows in Switzerland

From: Openness and productivity of the Swiss economy

  STRIa Imports in the respective sectorb Exports in the respective sectorb
  Scenario 1 Scenario 2 Scenario 1 Scenario 2 Scenario 1 Scenario 2
Accounting services 0.000 − 0.219 0.0 9.6   
Air transport − 0.017 − 0.030 0.3 0.6 1.2 2.0
Commercial banking − 0.025 − 0.036 2.7 3.8 4.5 6.5
Computer services − 0.082 − 0.144    11.0 19.3
Courier services − 0.023 − 0.033     
Legal services − 0.076 − 0.156 5.8 11.9 4.4 9.0
Telecommunications − 0.016 − 0.039     
  1. Note: If estimated elasticities are insignificant, the effect on trade flows is insignificant and therefore not reported
  2. Sources: Nordås and Rouzet (2015); Authors’ computations
  3. aValues in columns 2 and 3 denote changes of the STRI value
  4. bValues in columns 4 to 7 denote changes of imports, respectively exports, in percent. Calculations are based on elasticities reported in Nordås and Rouzet (2015)