Microdata on Trade in Services – data set and empirical findings, the case of Austria 2nd Meeting of the Working Party on International Trade in Goods and Trade in Services Statistics (WPTGS) November 2009

Foundations Legal status of OeNB as statistics provider adopted –Use of statistical, register and administrative information Switch from settlement data to direct reporting –Stratified corporate sample within the scope of SBS Recalculation of prior figures –Time series break in results –Trade volume shrunk, degree of detail increased (EBOPS) Harmonization of OeNB’s company database with business register Linkage of trade in services with structural data

Motivation How plausible are survey results within the framework of SBS? How can trends in the BoP be explained? How do Austrian characteristics (firm and regional structure) matter? How can modern data needs be met (New New Trade Theory)?

Coverage “Basic Population” –Annual SBS, census with cutoff limits (employment, sales revenues) –Extract of only enterprises registered (identification criteria) –2006, 138,306 enterprises Sample –4,963 non-financial corporations either exporting and/or importing services

Data Set –Company designation (Name, ID) –Headquarter (Region) –Date of establishment –Industry (NACE 2003) –Employment –Sales revenues –Outward FDI (Y/N) –Inward FDI (Y/N, control) –Exports of goods –Imports of goods –Type of service –Country –Service Exports –Service Imports Trade in Services Survey Foreign Trade Statistics SBS Business Register OeNB’ company database

Sample characteristics 940 manufacturing companies –19% of the sample –6% of the basic population –Machinery, equipment, metals; publishing and food industry 222 construction companies –4% of the sample –Less than 2% of the population 3,560 service providers –72% of the sample –3% of the population –Wholesale and commission trade, supporting and auxiliary transport activities, land transport, computer and related activities, management consulting, management of holding companies, architectural and engineering services, advertising

Relation to the BoP

Asymmetric Allocation of Trade Revenues

Export Ratios differ heavily between Service Industries

Link between Exports and Company Size

Imports by Local versus Group Companies

 About 5,000 enterprises  770, 000 employees  Export revenues of about 20.4 bn EUR  Highest in transportation, but technically innovative services grow dynamically  10% of exporters gain 80% of export revenues  Large companies are engaged in network and innovative services, small and medium sized firms in knowlegde intensive service exports  1, 000 service traders only have one partner country, 30 have more than 100  Only half of service exports are attributable to local firms, the other half falls upon fewer group companies  Strong correlation between goods and service trade Who dominates Austria‘s Trade in Services -

Future Outlook Integration of 2007 data into OeNB‘s official database Regular publication of data and analysis – – Integration of financial sector Access to microdata International discussion about common patterns and trends