Re-evaluating Service Trade from the Perspective of Service Intermediates in the Chinese Economy
Zuoyi Ye & Junbok Lee
What the paper says
With rapid economic development and social progress, the service sector now accounts for an increasing proportion of the national economy. However, the available trade statistics appear to underestimate the sector’s contributions. From the perspective of trade in service intermediates, this study examines the export trade of manufactured goods of embodied service intermediates using Chinese input-output tables from 2007 to 2017. The study finds that direct service industry exports are relatively small, and that the contribution of services is principally represented by indirect, implicit exports of the manufacturing sector. While analyzing, it was observed that the scale of intermediate trade in services was significantly larger than that of direct trade. Based on industry, wholesale and retail sales, electric power, transportation, finance, business services, scientific research, and technical services accounted for a large proportion of trade in services as a whole.
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.00 × 0.4 = 0.00 |
| M · momentum | 0.20 × 0.15 = 0.03 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.