Port Efficiency and Trade Flows
Identifieur interne : 001550 ( Istex/Corpus ); précédent : 001549; suivant : 001551Port Efficiency and Trade Flows
Auteurs : Bruce A. Blonigen ; Wesley W. WilsonSource :
- Review of International Economics [ 0965-7576 ] ; 2008-02.
Abstract
Growing international trade and increasing congestion focus attention on trade facilitation. Ocean ports are a central and necessary component in facilitating trade. Yet, there is only limited comprehensive information available on the efficiency of ports or evidence of the effect of port efficiency on trade. We develop and apply a straightforward approach to estimate port efficiency. The approach uses detailed data on US imports and associated import costs, yielding estimates across ports, products, and time. These measures are incorporated into a gravity trade model where we estimate that improved port efficiency significantly increases trade volumes.
Url:
DOI: 10.1111/j.1467-9396.2007.00723.x
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ISTEX:F6188D43005E680B2464113DA2BB947F3E86D653Le document en format XML
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Ocean ports are a central and necessary component in facilitating trade. Yet, there is only limited comprehensive information available on the efficiency of ports or evidence of the effect of port efficiency on trade. We develop and apply a straightforward approach to estimate port efficiency. The approach uses detailed data on US imports and associated import costs, yielding estimates across ports, products, and time. These measures are incorporated into a gravity trade model where we estimate that improved port efficiency significantly increases trade volumes.</abstract><note type="content">*This research has been conducted under and supported by the Navigation Economics Technologies (NETS) program at the Institute for Water Resources at the US Army Corps of Engineers. The research was facilitated by the efforts of Douglas MacDonald, discussions with Susan Hassett and David Hummels, and excellent comments by an anonymous referee, Keith Hofseth, Bruce Lambert, and other participants of the January 2006 NETS symposium in Salt Lake City, Utah. 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