Visiting Fellow Program: Services Gravity in CAREC Countries

Dec 2021; CAREC Institute

The 2021 visiting fellow Naseem Faraz from Pakistan Institute of Development Economics analyzed the services sector in the CAREC countries which accounts for 51% of the cumulative GDP. She investigated export-import margins of services at the sectoral level for individual CAREC members and found a huge dissimilarity in trade in services across members. The author argues that free trade agreements (FTA) in products (goods) can accelerate trade growth if governments also consider FTA in the services sector.

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