The impact of distance in seaborne trade: An analysis of bilateral container transport flows
AbstractA significant part of world trade volume is transported by container ship today. Growing world trade will enforce containerization, since standardized shipment reduces transport costs. The research aim of this paper is to identify the impact of variables used in merchandise trade flow models, like GDP, or colonial ties, and especially distance, on bilateral container transport flows. Distance is one of the most important natural barriers in trade models, and despite globalization, its impact has been quite persistent in world trade. For container transport, the impact might be smaller, since it takes place especially between distant regions. The results show that the distance effect is even positive in some of the model specifications. Furthermore, compared to traditional measures of distance, the use of shipping route distances reveals noticeable differences in the impact of distance and border on container transport. The impact of other variables is comparable to empirical findings in the related literature. --
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Bibliographic InfoPaper provided by Hamburg Institute of International Economics (HWWI) in its series HWWI Research Papers with number 134.
Date of creation: 2012
Date of revision:
Panel Data; International Trade; Transportation; Containerization;
Find related papers by JEL classification:
- C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
- F10 - International Economics - - Trade - - - General
- O18 - Economic Development, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
- R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General
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