n South African Journal of Economic and Management Sciences - Travel service exports as comparative advantage in South Africa
|Article Title||Travel service exports as comparative advantage in South Africa|
|© Publisher:||University of Pretoria|
|Journal||South African Journal of Economic and Management Sciences|
|Publication Date||Jan 2011|
|Pages||210 - 228|
|Keyword(s)||Balassa index, Developing countries, F14, Normalised revealed comparative advantage, Services trade, Tourism and University of Stellenbosch|
ISI Social Science
World service exports have grown at a rapid rate over the past few decades. While some countries have benefited from the surge in service exports, others have been left behind. This paper provides a snapshot of South Africa's comparative performance in service exports, using a new measure of revealed comparative advantage, the normalised revealed comparative advantage (NRCA). Countries are ranked according to their performance in 10 service export sectors. South Africa is found to reveal a strong comparative advantage in travel service exports (tourism). A discussion of the travel services sector follows, with historical, theoretical and empirical evidence to support the NRCA findings.
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