Table 4.
Impact of services trade liberalization on trade flows in Switzerland
| 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 | ||||
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)