Value-added of services in exports of all sectors and implications for public policies

• Autor(a) principal: Carvela, Bruno
• Data de Publicação: 2021
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10071/24310
• topic: Trade policy; Política industrial -- Industrial policy; Competitividade -- Competitiveness; Serviços -- Services; Servicification; Política comercial -- Commercial policy; Servicificação

Services provide relevant contributions to the economy, both as final products and through servicification mechanisms. With services intermediate inputs, services developed internally in firms of all sectors and services included in sales bundled with goods, the services sector accounts for the major share in global exports. This supports the need to consider the potential of services to shape the performance of downstream sectors. Services influence innovation, productivity and competitiveness of all sectors. This role is influenced by several policy areas such as education, data, infrastructure, technology, innovation, regulatory frameworks, competition, business facilitation, institutional frameworks, regional cooperation and trade. This study concludes that policy coherence is necessary to address the multiplicity of different policy areas involved. Policy coherence will contribute to improve the effectiveness of policy measures that envisage economic development benefits from servicification. This comprises the need for policy coherence between different policy areas, most notably between industrial and trade policy and between regulatory frameworks and trade policy. Policy coherence is also required between different economic sectors. Institutional coordination, harmonization and standardization and implementation strategies play a role in policy coherence. While economies in all development levels will benefit from an increased focus on policy coherence, this call may be more urgent in several developing economies.