文档介绍：本科毕业论文外文翻译
外文题目:Services Policy Reform and Economic Growth in Transition Economies
出处: The Kiel Institute
作者: Felix Eschenbach and Bernard Hoekman
原文:
Services Policy Reform and Economic Growth Transition Economies
Felix Eschenbach and Bernard Hoekman
Abstract
Major changes have occurred in the structure of former centrally planned economies, including a sharp rise in the share of services in GDP, employment, and international transactions. However, large differences exist across transition economies with respect to services intensity and services policy reforms. We find that reforms in policies toward financial and infrastructure services, including munications, power, and transport, are highly correlated with inward for monly used in the growth literature, we find that measures of services policy reform are statistically significant explanatory variables for the post-1990 economic performance of transition economies. These findings suggest services policies should be considered more generally in empirical analyses of economic growth.
1. Introduction
One of the stylized facts of economic development is that the share of services in GDP and employment rises as per capita es increase (Francois and Reinert 1996). This reflects increasing specialization and exchange of services through the market (“outsourcing”)—with an associated increase in variety and