Openness and productivity of the Swiss economy

Swiss Journal of Economics and Statistics

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

	STRI^a		Imports in the respective sector^b		Exports in the respective sector^b
	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

Note: If estimated elasticities are insignificant, the effect on trade flows is insignificant and therefore not reported
Sources: Nordås and Rouzet (2015); Authors’ computations
^aValues in columns 2 and 3 denote changes of the STRI value
^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)