Services Development and Comparative Advantage in Manufacturing

Read this working paper in the Policy Research Working Papers series put out by the World Bank. The authors argue that services have to compete for resources alongside manufacturing, with implications for export industries.

Figures and Tables

Figure 4

Figure 4: Scatter plot of our financial services input intensity against Rajan and Zingales external financial dependence measure for the U.S.

Notes: Our financial services input intensity measure is based on the WIOD data in 1995, while Rajan and Zingales external financial dependence measure is for year 1980.