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What a Difference a Day Makes: An Estimate of Potential Gains from Trade Facilitation

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  • Wilson, Norbert L.W.

Abstract

The current paper uses a series of metrics of customs and administrative procedures produced by the World Bank to estimate gravity models. The metrics include estimates of the number of days at the border, the number signatures and the number of documents necessary for a product to cross the border of the importer and the exporter. Simulations using the estimated elasticities show that to improve trade reductions would need to be made in the different metrics. For the greatest benefits all trading partners would have to make the improvements. Additionally, some products are more sensitive to the metrics than others.

Suggested Citation

  • Wilson, Norbert L.W., 2007. "What a Difference a Day Makes: An Estimate of Potential Gains from Trade Facilitation," 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon 9958, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea07:9958
    DOI: 10.22004/ag.econ.9958
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    References listed on IDEAS

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    1. Przemyslaw Kowalski & Ben Shepherd, 2006. "South-South Trade In Goods," OECD Trade Policy Papers 40, OECD Publishing.
    2. Mayer, Thierry & Zignago, Soledad, 2006. "Notes on CEPII’s distances measures," MPRA Paper 26469, University Library of Munich, Germany.
    3. Norbert Wilson, 2007. "Examining the Trade Effect of Certain Customs and Administrative Procedures," OECD Trade Policy Papers 42, OECD Publishing.
    4. Wilson, Norbert L.W., 2006. "Linkages amongst Foreign Direct Investment, Trade and Trade Policy: An Economic Analysis with Applications to the Food Sector," 2006 Annual meeting, July 23-26, Long Beach, CA 21064, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Norbert Wilson & Joyce Cacho, 2007. "Linkage Between foreign Direct Investment, Trade and Trade Policy: An Economic Analysis with Application to the Food Sector in OECD Countries and Case Studies in Ghana, Mozambique, Tunisia and Uganda," OECD Trade Policy Papers 50, OECD Publishing.
    6. Hildegunn Kyvik Nordås & Enrico Pinali & Massimo Geloso Grosso, 2006. "Logistics and Time as a Trade Barrier," OECD Trade Policy Papers 35, OECD Publishing.
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    Cited by:

    1. Thomas Orliac, 2012. "The economics of trade facilitation [L'économie de la facilitation des échanges]," Sciences Po Economics Publications (main) tel-03681980, HAL.

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