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Trading on Time

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  • Simeon Djankov

    (Ministry of Finance, Bulgaria)

  • Caroline Freund

    (Research Department, World Bank)

  • Cong S. Pham

    (School of Accounting, Economics and Finance, Deakin University)

Abstract

We determine how time delays affect trade, using newly collected data on the days it takes to move standard cargo from the factory gate to the ship in 98 countries. We estimate a difference gravity equation and find that each additional day that a product is delayed prior to being shipped reduces trade by more than 1%. Put differently, each day is equivalent to a country distancing itself from its trade partners by about 70 km on average. We also find that delays have a relatively greater impact on exports of time-sensitive goods, such as perishable agricultural products. © 2010 The President and Fellows of Harvard College and the Massachusetts Institute of Technology.

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Bibliographic Info

Article provided by MIT Press in its journal The Review of Economics and Statistics.

Volume (Year): 92 (2010)
Issue (Month): 1 (February)
Pages: 166-173

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Handle: RePEc:tpr:restat:v:92:y:2010:i:1:p:166-173

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  1. Kym Anderson & Will Martin, 2005. "Agricultural Trade Reform and the Doha Development Agenda," The World Economy, Wiley Blackwell, Wiley Blackwell, vol. 28(9), pages 1301-1327, 09.
  2. John Romalis & Mary Amiti, 2006. "Will the Doha Round Lead to Preference Erosion?," IMF Working Papers, International Monetary Fund 06/10, International Monetary Fund.
  3. James E. Anderson & Douglas Marcouiller, 2002. "Insecurity And The Pattern Of Trade: An Empirical Investigation," The Review of Economics and Statistics, MIT Press, MIT Press, vol. 84(2), pages 342-352, May.
  4. Joseph Francois & Bernard Hoekman & Miriam Manchin, 2006. "Preference Erosion and Multilateral Trade Liberalization," World Bank Economic Review, World Bank Group, World Bank Group, vol. 20(2), pages 197-216.
  5. David Hummels & Georg Schaur, 2012. "Time as a Trade Barrier," NBER Working Papers 17758, National Bureau of Economic Research, Inc.
  6. repec:dgr:uvatin:2005073 is not listed on IDEAS
  7. Gordon H. Hanson & Chong Xiang, 2004. "The Home-Market Effect and Bilateral Trade Patterns," American Economic Review, American Economic Association, American Economic Association, vol. 94(4), pages 1108-1129, September.
  8. Wilson, John S. & Mann, Catherine L. & Otsuki, Tsunehiro, 2004. "Assessing the potential benefit of trade facilitation : A global perspective," Policy Research Working Paper Series, The World Bank 3224, The World Bank.
  9. Carolyn L. Evans & James Harrigan, 2005. "Distance, Time, and Specialization: Lean Retailing in General Equilibrium," American Economic Review, American Economic Association, American Economic Association, vol. 95(1), pages 292-313, March.
  10. Caroline L. Freund & Diana Weinhold, 2000. "On the effect of the Internet on international trade," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) 693, Board of Governors of the Federal Reserve System (U.S.).
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