Some Aspects of the International Trade in Services: An Empirical Approach

Abstract

In this article, an attempt is made to achieve as complete an approach as possible to the phenomenon of international trade in services, which can take on different forms. The article starts with a description of cross-border services transactions as recorded in the balance of payments statistics. This is followed by a closer look at foreign investment transactions in the services sector. Finally, the importance of those services which are incorporated into the trade in goods is gauged. The basic method used is that of international comparisons, but where these are impossible owing to a lack of statistical material, the specific situation of Belgium and Luxembourg is examined.

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