Estimating the effects of the container revolution on world trade

Bernhofen, Daniel M.; El‐Sahli, Zouheir; Kneller, Richard

doi:10.1016/j.jinteco.2015.09.001

Cited by 207 publications

(155 citation statements)

References 13 publications

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“…For example, Bernhofen, El-Sahli and Kneller (2013) show that the expansion in the use of containers in international freight transport accounts for a substantial portion of the rise in bilateral trade between 1962 and 1990 (more so than bilateral free-trade agreements). Feyrer (2009) shows that improvements in aircraft technology increase bilateral trade for pairs of countries with short air routes relative to sea routes.…”

Section: Discussionmentioning

confidence: 99%

Measured Aggregate Gains from International Trade

Burstein

Cravino

2015

American Economic Journal: Macroeconomics

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We examine the implications of workhorse trade models for how aggregate productivity, real GDP and real consumption, as measured by statistical agencies, respond to changes in trade costs. In a range of models, changes in measured productivity are equal to the inverse of an export-share weighted average of changes in variable trade costs incurred domestically. Under certain conditions, despite the multiple biases in the CPI, measured real consumption captures the first-order effects of changes in variable trade costs on welfare. Through the lens of these results, we interpret some of the empirical work on measured gains from trade.There is a large literature that uses structural models to evaluate welfare and productivity gains from reductions in trade costs (see e.g. Costinot and Rodriguez-Clare 2014, Melitz and Redding 2014, and references therein). There is also an extensive empirical literature estimating the link between trade and aggregate measures of economic activity such as real GDP, aggregate productivity, and real consumption (see e.g. Pavcnik 2002, Romer and Frankel 1999, Feyrer 2009, and Broda and Weinstein 2006. The connection between theoretical and measured gains from trade is not immediate. For example, it is well known that the consumer price index (and hence real consumption) does not reflect changes in the number, composition, and quality of available varieties (see e.g. Boskin Comission 1996 and Hausman 2003), which constitute an important source of welfare gains in recent trade models. Similarly, as we discuss below, GDP deflators (and hence aggregate productivity) may not reflect the reallocation of production across heterogeneous producers emphasized in these models. In this paper we ask whether the gains

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Section: Discussionmentioning

confidence: 99%

Measured Aggregate Gains from International Trade

Burstein

Cravino

2015

American Economic Journal: Macroeconomics

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“…Although their results are unable to confirm whether the maritime transport revolution was a primary driver of the latenineteenth-century global trade boom, 2 the authors point out that "the differential decline in overland and maritime freight rates across countries might tell a different story". 3 More recently, the findings of Bernhofen et al (2013) suggest that containerisation 4 had a considerable effect on world trade over the period . They state that containerisation not only affected the operation and relocation of ports but the entire transportation industry and it has also gone hand-in-hand with the creation of the modern intermodal transport system, facilitating increases in shipping capacities and reductions in delivery times through intermodal cargo movements between ships, trains and trucks.…”

Section: Introductionmentioning

confidence: 99%

Relationship between logistics infrastructure and trade: Evidence from Spanish regional exports

Bensassi

Márquez‐Ramos

Martínez‐Zarzoso

et al. 2015

Transportation Research Part A: Policy and Practice

121

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Geographical factors and transport infrastructure are two of the key determinants that influence international competitiveness. In this sense, the quality of such infrastructure and how widespread it is, the distribution and capacity of logistics facilities in a country, as well as the number of private operators and their degree of specialisation, all play an increasingly important role in the design of business strategies aimed at increasing a country's share of the international market. Until recently, however, availability and access to logistics services have been considered secondary factors when defining business competitiveness. This paper estimates an augmented gravity model of trade that specifically includes logistics and transport infrastructure indicators as explanatory variables. The model is estimated by using bilateral exports from 19 Spanish regions to 64 destinations (45 countries and 19 Spanish regions) with data for the period 2003 to 2007. The findings show that logistics is indeed important for the analysis of trade flows in goods and they highlight the importance of logistics measures at the regional level. In particular, the number, size and quality of logistics facilities positively influence export flows.

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Section: What Is Trade Facilitation?mentioning

confidence: 99%

“…In short, "removing obstacles to the movement of goods across borders." 4 In essence, while it is customary to associate trade and transportation costs with the hardware of physically moving goods (Harley 1980Hummels, 2007;North, 1958, North 1968Mohammed and Williamson, 2004;Bernhofen et al, 2016; Micco and Serebrisky 2004;Blonigen and Wilson, 2008;Wilmsmeier 2006), trade facilitation operates on the software that regulates the administrative processing within the physical constraints of transportation networks.The 2013 WTO TFA contains several provisions that precisely aim to expedite the processing and release of shipments to accelerate the movements of goods. These provisions include a number of specific trade facilitation measures such as the adoption of risk management systems, the introduction of authorized economic operator programs for trustworthy firms, the implementation of trade single windows interconnecting all relevant border agencies, and improvements to transit trade regimes.…”

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confidence: 99%

Transportation and trade interactions: a trade facilitation perspective

Carballo¹,

Schaur²,

Martincus³

2018

Handbook of International Trade and Transportation

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Estimating the effects of the container revolution on world trade

Cited by 207 publications

References 13 publications

Measured Aggregate Gains from International Trade

Measured Aggregate Gains from International Trade

Relationship between logistics infrastructure and trade: Evidence from Spanish regional exports

Transportation and trade interactions: a trade facilitation perspective

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