Abstract
The current study is a bid to explore the dynamic effects of Innovation, FDI, and
trade openness on services sector in selected developed and developing economies for the
period of 1992 to 2016. For computing the empirical findings, this study deploys the static
as we all dynamic panel data estimation approaches. The results reveal the significant role
of GDP per capita and FDI in the growth of services sector. However, the services sector incurs the detrimental repercussions on the account of trade liberalization. These findings also
demonstrate that, in both samples of economies, the services sector does not respond to the
productivity differential. Furthermore, innovation exhibits a significant association with the
growth of services sector in the case of developing economies
Muhammad Zubair Chishti, Dr. Farrukh Mehmood. (2020) The Dynamic Effects of Innovation, FDI, & Trade Liberalization on Services Sector: An Evidence from Developed and Developing Economies, Jinnah Business Review, Volume 8, Issue 2.
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