FACTORS INFLUENCING EXPORT OF FINANCIAL SERVICES

Marija Lindemane, Ilmars Purins, Didzis Rutitis

DOI: http://dx.doi.org/10.12775/OeC.2012.022

Abstract


Almost all countries in the world are involved in the world trade of financial services. However, whereas for most countries the export of financial services is only a side result of their foreign economic activities, for some countries it composes a constitutive source of income. The purpose of the current research is to determine the factors that influence the export of financial services thereby explaining the differences in geographic allocation of financial services export throughout the world. For achieving this purpose, such research methodology as analysis of selected literature on financial services, an expert survey, as well as mathematical processing of the obtained research data have been used. The  result of the research has reflected common factors, which according to the financial experts’ opinion have the most significant influence on any country's export of financial services.

Keywords


export of financial services; key factors; financial services; international trade

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