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The Impact of Port Characteristics on International Maritime Transport Costs

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Author Info

  • Wilmsmeier, Gordon
  • Hoffmann, Jan
  • Sanchez, Ricardo J.

Abstract

The chapter provides empirical evidence that indicators for different port characteristics have a statistically significant and strong impact on international maritime transport costs. It reports on empirical work on trade among 16 Latin-American countries. The database incorporates 75,928 observations, which comprise practically all maritime trade transactions in containerizable goods on most intra-Latin-American trade routes for the year 2002. The regressions incorporate the main classical explanatory variables of maritime transport costs, such as unit cargo value, volume per transaction, geographical distance, bilateral trade volume, and trade balances. It further looks at six indicators for different port characteristics as possible additional determinants of international transport costs. It is found that indicators for port efficiency, port infrastructure, private sector participation, and inter-port connectivity have significant impacts on international maritime transport costs. The estimated elasticity for port efficiency is the highest of all port-related variables; doubling port efficiency in a pair of ports has the same impact on international transport costs as halving the distance between them would have.

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Bibliographic Info

Article provided by Elsevier in its journal Research in Transportation Economics.

Volume (Year): 16 (2006)
Issue (Month): 1 (January)
Pages: 117-140

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Handle: RePEc:eee:retrec:v:16:y:2006:i:1:p:117-140

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Cited by:
  1. Richard Pomfret & Patricia Sourdin, 2010. "Trade Facilitation And The Measurement Of Trade Costs," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 1(01), pages 145-163.
  2. CANTOS-SANCHEZ, Pedro & MONER-COLONQUES, Rafael & SEMPERE-MONERRIS, José J. & ALVAREZ-SANJAIME, Oscar, 2011. "Vertical integration and exclusivities in maritime freight transport," CORE Discussion Papers 2011015, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  3. David Hummels & Volodymyr Lugovskyy & Alexandre Skiba, 2007. "The Trade Reducing Effects of Market Power in International Shipping," NBER Working Papers 12914, National Bureau of Economic Research, Inc.
  4. Inmaculada Martínez-Zarzoso & Gordon Wilmsmeier, 2008. "Determinants of Maritime Transport Costs. A Panel Data Analysis for Latin American Trade," Ibero America Institute for Econ. Research (IAI) Discussion Papers 172, Ibero-America Institute for Economic Research.
  5. Verny, Jerome & Grigentin, Christophe, 2009. "Container shipping on the Northern Sea Route," International Journal of Production Economics, Elsevier, vol. 122(1), pages 107-117, November.
  6. Wilmsmeier, Gordon & Sanchez, Ricardo J., 2009. "The relevance of international transport costs on food prices: Endogenous and exogenous effects," Research in Transportation Economics, Elsevier, vol. 25(1), pages 56-66.
  7. Julia Spies & Joern Kleinert, 2011. "Transport Costs in International Trade," ERSA conference papers ersa11p625, European Regional Science Association.
  8. Olaf Jonkeren & Erhan Demirel & Jos van Ommeren & Piet Rietveld, 2008. "Endogenous Transport Prices and Trade Imbalances," Tinbergen Institute Discussion Papers 08-088/3, Tinbergen Institute.
  9. Jordan Schwartz & José Luis Guasch & Gordon Wilmsmeier, 2009. "Logistics, Transport and Food Prices in LAC: Policy Guidance for Improving Efficiency and Reducing Costs," IDB Publications 9324, Inter-American Development Bank.
  10. Loon Tang & Joyce Low & Shao Lam, 2011. "Understanding Port Choice Behavior—A Network Perspective," Networks and Spatial Economics, Springer, vol. 11(1), pages 65-82, March.
  11. Richard Pomfret & Patricia Sourdin, 2008. "Why Do Trade Costs Vary?," School of Economics Working Papers 2008-08, University of Adelaide, School of Economics.
  12. Joern Kleinert & Julia Spies, 2011. "Endogenous Transport Costs in International Trade," IAW Discussion Papers 74, Institut für Angewandte Wirtschaftsforschung (IAW).
  13. De Oliveira, Gabriel Figueiredo, 2014. "Determinants of European freight rates: The role of market power and trade imbalance," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 62(C), pages 23-33.
  14. Scott Petty & Jose Asturias, 2012. "A Model of Trade with Endogenous Transportation Costs," 2012 Meeting Papers 1095, Society for Economic Dynamics.
  15. Yuen, Andrew Chi-lok & Zhang, Anming & Cheung, Waiman, 2013. "Foreign participation and competition: A way to improve the container port efficiency in China?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 49(C), pages 220-231.
  16. Olaf Jonkeren & Erhan Demirel & Jos van Ommeren & Piet Rietveld, 2008. "Endogenous Transport Prices and Trade Imbalances," Tinbergen Institute Discussion Papers 08-088/3, Tinbergen Institute.
  17. Bianka Dettmer & Andreas Freytag & Peter Draper, 2013. "Check-in, departure and arrival times: Air cargo in Southern Africa?," Jena Economic Research Papers 2013-018, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  18. Takahashi, Takaaki, 2011. "Directional imbalance in transport prices and economic geography," Journal of Urban Economics, Elsevier, vol. 69(1), pages 92-102, January.

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