FINANCIAL AND INSURANCE SERVICES TRADE: DOES EXCHANGE RATE OR INCOME MATTER?

被引：6
|
作者：
Cheng, Ka Ming [1 ]
机构：
[1] Hang Seng Univ Hong Kong, Dept Econ & Finance, Shatin, Hong Kong, Peoples R China
来源：
ECONOMIC INQUIRY | 2021年 / 59卷 / 01期
关键词：
FOREIGN DIRECT-INVESTMENT; BILATERAL TRADE; TIME-SERIES; INTERNATIONAL-TRADE; INTRAINDUSTRY TRADE; UNIT-ROOT; ELASTICITIES; DETERMINANTS; STATIONARITY; HYPOTHESIS;
D O I：
10.1111/ecin.12943
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper aims to investigate the impacts of exchange rate and income changes on financial and insurance services trade by utilizing the quarterly bilateral trade data of the United States and its major trading partners from 2003 to 2017. No long-run exchange rate effects on imports and exports of insurance services trade are found. The impact of exchange rates on insurance services may be weak since competition among service providers depends on product differentiation than on exchange rates. On the contrary, income demonstrates significant impacts on both financial and insurance services trade in the United Kingdom, Canada, Japan and Australia. (JELC22, F14, G20)
引用
收藏
页码：494 / 509
页数：16
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