van Welsum, D. (2004) In search of 'Offshoring': evidence from U.S. imports of services. Working Paper. Birkbeck, University of London, London, UK.
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Abstract
This paper explores the relationship between imports of services by the United States and the international sourcing of services production activities using a number of different panel data estimators for a number of different categories of services. A conventional import demand relationship is augmented by measures of the activity of foreign-owned affiliates in the US and US-owned service sector affiliates in other countries. There is a clear effect from production relocation on US imports of services. Outward investment in US-owned service sector affiliates is found to have a positive impact on import volumes. This is consistent with what might be expected if one motivation for such investments is to internationally source activities previously undertaken within the United States. Inward investment in the US service sector is found to reduce imports of services, other things being equal, pointing to substitution of trade and investment in services. However, inward investment in non-service sectors is found to stimulate imports of services, indicating complementarity at the aggregate level.
Metadata
| Item Type: | Monograph (Working Paper) |
|---|---|
| Additional Information: | BWPEF 0402 |
| Keyword(s) / Subject(s): | Multinationals, foreign direct investment, imports of services, GATS modes of supply, global sourcing, offshoring and international outsourcing, panel data estimation |
| School: | Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School |
| Depositing User: | Administrator |
| Date Deposited: | 09 Apr 2019 12:06 |
| Last Modified: | 02 Aug 2023 17:50 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/27104 |
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