TY - BOOK ID - 135560394 TI - The Impact of Trade in Services On Factor Incomes : Results From A Global Simulation Model PY - 2009 PB - Washington, D.C., The World Bank, DB - UniCat KW - Agriculture KW - Economic Theory & Research KW - Elasticity KW - Elasticity of substitution KW - Emerging Markets KW - Equilibrium KW - Exports KW - GDP KW - GDP per capita KW - Gross domestic product KW - Gross domestic product per capita KW - Growth theories KW - ICT Policy and Strategies KW - Information and Communication Technologies KW - International Economics and Trade KW - Labor Policies KW - Macroeconomics and Economic Growth KW - National income KW - Private Sector Development KW - Product differentiation KW - Production functions KW - Real gdp KW - Social Protections and Labor KW - Statistical analyses KW - Telecommunications KW - Trade barriers KW - Trade Policy KW - Transactions costs KW - Value added KW - Wages UR - https://www.unicat.be/uniCat?func=search&query=sysid:135560394 AB - Indian gross domestic product per capita increased rapidly between 2001 and 2006 in a climate of increasing services trade, with the export-oriented services sector responsible for rising shares of growth in gross domestic product. Due to its contribution to aggregate economic growth, there is a great need for empirical examination of the distributional consequences of this growth, especially in light of the challenges in obtaining theoretical solutions that can be generalized. This paper fills this gap in the literature by using a global simulation model to examine how sensitive factor incomes across different industries may have been to the historical changes in India's services exports and imports, and provides insight on the distribution of the national income growth attributable to the expansion of the services industry. Rent on capital in the service sector and wages of all workers would have increased as a result of greater services trade in this period, while income from capital specific to agriculture and manufacturing would have declined. The factors involved with the urban-based services sector may thus benefit from the services trade growth, while the total factor income involved in rural agriculture may decline. ER -