Trading on Time

The authors determine how time delays affect international trade using newly collected World Bank data on the days it takes to move standard cargo from the factory gate to the ship in 126 countries. They estimate a modified gravity equation, controlling for endogeneity and remoteness. On average, ea...

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Bibliographische Detailangaben
Hauptverfasser:	Djankov, Simeon, Freund, Caroline, Pham, Cong S
Format:	Buch
Sprache:	eng
Schlagworte:	AGGREGATE EXPORTS AGRICULTURAL PRODUCTS AGRICULTURAL TRADE AGRICULTURE AIR FREIGHT AIR TRANSPORT APPAREL APPAREL PRODUCTS AVERAGE TARIFFS BENCHMARK BERTHS BILATERAL TRADE CARGO CARRIAGE COEFFICIENT ESTIMATE COMPARATIVE ADVANTAGE CONGESTION CONTAINERS CUSTOMS CUSTOMS CLEARANCE CUSTOMS OFFICIALS CUSTOMS PROCEDURES DELIVERY TIMES DEVELOPMENT ECONOMICS ECONOMICS RESEARCH EXPORT CARGO EXPORT DOCUMENTS EXPORT PROCEDURES EXPORT PROCESSING EXPORT VOLUMES EXPORT-PROCESSING ZONE EXPORT-PROCESSING ZONES EXPORTERS EXPORTS FACTOR ENDOWMENTS FOREIGN COMPANIES FOREIGN MARKETS FOREIGN TRADE FORWARDING FREIGHT FREIGHT FORWARDERS GDP GDP PER CAPITA GLOBAL COMPETITIVENESS GLOBAL TRADE GRAVITY EQUATION GRAVITY MODEL GRAVITY MODELS GROSS DOMESTIC PRODUCT GROSS DOMESTIC PRODUCT PER CAPITA HANDLING IMPACT OF TRADE IMPORT BARRIERS IMPORTS INCOME INCOME GROUPS INCREASING RETURNS INTERNATIONAL ECONOMICS INTERNATIONAL MARKETS INTERNATIONAL TRADE LANDLOCKED COUNTRIES LOADING MANUFACTURING MARGINAL VALUE MARKET ACCESS MIDDLE EAST MULTILATERAL TRADE MULTILATERAL TRADE LIBERALIZATION NORTH AFRICA PATTERN OF TRADE PER CAPITA INCOME PORT INFRASTRUCTURE PREFERENTIAL ACCESS PREFERENTIAL TRADE PREFERENTIAL TRADE AGREEMENT REDUCTION IN TARIFFS REGIONAL TRADE REGIONAL TRADE AGREEMENTS REGIONAL TRADE LIBERALIZATION REGRESSION ANALYSIS SAFETY STANDARDS SHIP CARGO SHIPPING SHIPPING COSTS SPECIALIZATION SUB-SAHARAN AFRICA TRADE AGREEMENT TRADE BARRIER TRADE BARRIERS TRADE COSTS TRADE DATA TRADE FACILITATION TRADE FLOWS TRADE LIBERALIZATION TRADE MORE TRADE NEGOTIATIONS TRADE PARTNERS TRADE PATTERNS TRADE REFORM TRADE VOLUME TRADE VOLUMES TRANSIT VOLUME OF TRADE WAITING TIME WTO
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Zusammenfassung:	The authors determine how time delays affect international trade using newly collected World Bank data on the days it takes to move standard cargo from the factory gate to the ship in 126 countries. They estimate a modified gravity equation, controlling for endogeneity and remoteness. On average, each additional day that a product is delayed prior to being shipped reduces trade by at least 1 percent. Put differently, each day is equivalent to a country distancing itself from its trade partners by 70 kilometers on average. Delays have an even greater impact on developing country exports and exports of time-sensitive goods, such as perishable agricultural products. In particular, a day's delay reduces a country's relative exports of time-sensitive to time-insensitive agricultural goods by 6 percent.