Estimating The Effects of the Container Revolution on World Trade
AbstractWe quantify the effects of the container revolution on a large panel of product level trade flows during 1962-1990. We exploit time and cross-sectional variation in countries’ first adoption of container facilities to construct a time-varying bilateral container technology variable and estimate its effects on trade in the panel. On North-North trade, the cumulative average treatment effects of containerization over a 20 year time period amount to about 700%, can be interpreted as causal and are larger than the standard policy liberalization variables. In a nutshell, we provide the first econometric evidence for containerization to be a driver of 20th century economic globalization.
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Bibliographic InfoPaper provided by University of Nottingham, GEP in its series Discussion Papers with number 2013-02.
Date of creation: 2013
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containerization; 20th century global transportation infrastructure.;
Other versions of this item:
- Daniel M. Bernhofen & Zouheir El-Sahli & Richard Kneller, 2013. "Estimating the Effects of the Container Revolution on World Trade," CESifo Working Paper Series 4136, CESifo Group Munich.
- Bernhofen, Daniel M. & El-Sahli, Zouheir & Kneller, Richard, 2013. "Estimating the Effects of the Container Revolution on World Trade," Working Papers 2013:4, Lund University, Department of Economics.
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
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- New historical development papers on my desk
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by Economic Logician in Economic Logic on 2013-09-11 14:36:00
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