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Value Added from Trade for Key Business and Financial Service Industries: Initial Estimates.
- Source :
- National Institute Economic Review; Nov2017, Vol. 242, pR14-R23, 10p
- Publication Year :
- 2017
-
Abstract
- The value of exports to the domestic UK economy does not equal gross export flows, as some of the value-added within UK exports may have been generated abroad. For key business and financial service industries we present new and initial estimates giving a lower bound for the value-added component of exports generated directly by the domestic exporting sector, called the direct domestic value-added component of exports. Our initial estimates suggest that at least 38 per cent of UK monetary financial institutions (MFIs) exports in 2016 was direct domestic value-added amounting to £14.6bn, of which £5.0bn came from exports to the EU. These initial estimates suggest that approximately 80 per cent of accountancy and legal services exports in 2014 were direct domestic value-added amounting to £1.7bn and £5.2bn respectively, of which £500mn and £1.7bn came from exports to the EU respectively. [ABSTRACT FROM AUTHOR]
- Subjects :
- FINANCIAL institutions
EXPORTS
INTERNATIONAL trade
ECONOMIC development
ECONOMICS
Subjects
Details
- Language :
- English
- ISSN :
- 00279501
- Volume :
- 242
- Database :
- Complementary Index
- Journal :
- National Institute Economic Review
- Publication Type :
- Academic Journal
- Accession number :
- 126007870
- Full Text :
- https://doi.org/10.1177/002795011724200111