Borchert, Ingo; Mattoo, Aaditya - 2009
"Much attention has focused on the impact of the current crisis on goods trade; hardly any on its impact on services … trade. Using new trade data from the United States, and more aggregate data from other OECD countries, the authors show that … services trade is weathering the current crisis much better than goods trade. As of February 2009, the value of US goods …