Nothing Special   »   [go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/p/phd/dpaper/dp_2019-19.html
   My bibliography  Save this paper

Performance of Philippine Services Trade: An Update

Author

Listed:
  • Serafica, Ramonette B.
Abstract
Services trade is expected to be the new driver of global trade growing further in the coming years with the adoption of new technologies and rising incomes, among others. To some extent, the Philippines has already gained a foothold having achieved significant success in the business process outsourcing sector. Moreover, there are new opportunities particularly in digital trade, the creative industries, and, possibly, telemigration. Recently however, Philippine services exports have been growing at a pace much slower compared to past performance and also lower than global and regional trends. In terms of accessing foreign services, the supply of services through commercial presence in the Philippines is still limited as the foreign direct investment (FDI) regime of the country remains highly restrictive. With increasing deficit in the use of licensing fees, it is possible that nonequity-based activities are substituting for FDI and Mode 3 supply. Further disaggregation of trade data and the compilation of Foreign Affiliates Trade Statistics for the Philippines, together with firm and industry level analysis, will be useful in examining the components of services trade and evolving trends and patterns in specific subsectors.

Suggested Citation

  • Serafica, Ramonette B., 2019. "Performance of Philippine Services Trade: An Update," Discussion Papers DP 2019-19, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:dpaper:dp_2019-19
    as

    Download full text from publisher

    File URL: https://www.pids.gov.ph/publication/discussion-papers/performance-of-philippine-services-trade-an-update
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:phd:dpaper:dp_2019-19. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Aniceto Orbeta (email available below). General contact details of provider: https://edirc.repec.org/data/pidgvph.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.