Shipping costs and inflation

Carrière‐Swallow, Yan; Deb, Pragyan; Furceri, Davide; Jiménez, Daniel; Ostry, Jonathan D.

doi:10.1016/j.jimonfin.2022.102771

Cited by 43 publications

(35 citation statements)

References 35 publications

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“…This was coupled with pent-up demand, which was further exacerbated by government stimulus and extended lockdowns. The reopening of markets overwhelmed the capacity of global supply chains, causing delays in delivery and surges in shipping rates, particularly for containerized trade (Carrière-Swallow et al, 2022).…”

Section: Container Freight Ratesmentioning

confidence: 99%

“…Additionally, the demand characteristics of goods being traded, market power, tariffs, as well as other product‐specific factors could all result in varied outcomes when examining the effects of shipping costs at the product level (Hummels et al, 2009). These differences could be exacerbated by varying structural characteristics (e.g., port infrastructure) within and across countries (Carrière‐Swallow et al, 2022). That is, products shipped to countries with more advanced trade and transportation networks will be impacted differently from those products shipped to countries that are relatively less advanced.…”

Section: Introductionmentioning

confidence: 99%

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Unraveling the impacts of freight rates on US containerized agricultural trade

Hossen,

Muhammad,

Kenner

et al. 2024

J of Agr & App Econ Assoc

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We examined how the unprecedented rise in freight rates in 2021 affected US containerized agricultural trade. We considered alternative measures of trade (value, volume, container numbers), as well as product, port, and partner‐country characteristics, and conducted separate analyses for exports and imports. Overall, we find that shipping costs have a substantial trade‐reducing effect. On average, 10% higher shipping costs reduce US agricultural export values by 0.58% and import values by 1.72%. For exports, we find a significant negative impact for several product categories. Our results suggest that policies addressing port congestion and shipping rate issues will have heterogenous outcomes.

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Section: Container Freight Ratesmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Unraveling the impacts of freight rates on US containerized agricultural trade

Hossen,

Muhammad,

Kenner

et al. 2024

J of Agr & App Econ Assoc

View full text Add to dashboard Cite

show abstract

“…Lebanon, Sri Lanka, Russia, Suriname, and Zambia are already in default [88]. In addition to increased employer health-care insurance costs [89], currency depreciation [90], a reduced labor force or a lack of skilled labor [91], a fuel-power crisis [92], and transportation freight costs [93][94][95], these factors have wreaked havoc on the supply and demand chain, causing manufacturers to lay off workers or postpone economic activities to avoid further losses.…”

Section: Present Global Economic Crisis: Fact Is Stranger Than Fictionmentioning

confidence: 99%

Global Health Issues With Conflict Escalation Among Pandemic, Climate, and Economic Crises

Mohiuddin

2023

Innovare J H Sci

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Religion, governance, and politics - as well as related topics such as human rights, justice, and so on - have historically caused many of the world’s most significant conflicts, and they continue to do so because these issues are often the most fundamental in the structure of a society. To gain a military advantage, parties to armed conflicts have polluted water, burned crops, cut down forests, poisoned soils, and killed animals over the years. A variety of context factors, particularly socioeconomic conditions, governance, and political factors, interact and play a key role in translating climate change into conflict risks. The present unrest all over the world risks putting more than half of the countries into a crisis of health, economy, and social safety, which remains the most constant threat to human civilization. The security and safety of health-care facilities, workers, and supply lines remain paramount concerns, along with access to health services, technology, and innovation.

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“…The COVID‐19 pandemic has added to inequalities and reduced interest in cross‐border activities. It has added also to trade costs (Ahn & Steinbach, 2022), and added to the mean, variance and uncertainty of shipping times (Carriere‐Swallow et al., 2022; Carter et al., 2022; Komaromi et al., 2022).…”

Section: Recent Disruptions To Global Trade and Ways Forwardmentioning

confidence: 99%

Agriculture's globalization: Endowments, technologies, tastes and policies

Anderson

2022

Journal of Economic Surveys

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The history of agricultural trade stretches back more than ten millennia, but it became more inter‐continental from the 17th century and much denser in the 19th century following the repeal of Britain's protective Corn Laws in 1846 and major declines in international trade costs. Trade was chaotic in the period bookended by the two world wars, but trade policy anarchy gave way to greater certainty after the General Agreement on Tariffs and Trade (GATT) was signed in 1947. This paper seeks to identify the forces that shaped that history, and to re‐examine the case for continued openness to trade in farm and processed food products. It does so in the wake of uneven economic growth and structural transformation and as agri‐food systems respond to increased market and policy uncertainties this century—and to growing pressures for agricultural production to become more sustainable and for its food outputs to be safer and more nutritious. The paper points to better policy options than trade measures for achieving most national objectives—options that can simultaneously benefit the rest of the world. Areas for further economic research are noted before the paper concludes.

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Shipping costs and inflation

Cited by 43 publications

References 35 publications

Unraveling the impacts of freight rates on US containerized agricultural trade

Unraveling the impacts of freight rates on US containerized agricultural trade

Global Health Issues With Conflict Escalation Among Pandemic, Climate, and Economic Crises

Agriculture's globalization: Endowments, technologies, tastes and policies

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