EXECUTIVE TAKEAWAYS Executive Takeaways
■ From the value chain perspective, services are crucial inputs for manufacturing sectors. ■ We develop a method to quantify the indirect role of services in trade in goods. ■ We find that services development is a key determinant of manufacturing competitiveness. ■ Countries may bypass inefficient domestic services sectors by importing services inputs. ■ Services trade liberalization can help to overcome inefficient domestic service provision.
Xuepeng Liu, Professor of Economics
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