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The survey on international freight rates in Italy: methods and results

Author

Listed:
  • Enrico Pastori

    () (TRT Trasporti e Territorio srl)

  • Miriam Tagliavia

    () (Banca d'Italia)

  • Enrico Tosti

    () (Banca d'Italia)

  • Simonetta Zappa

    () (Banca d'Italia)

Abstract

The paper describes the methodology and the main results of the sample survey on international merchandise transport that the Bank of Italy has carried out since 1999, with a reconstruction of the aggregate time series to 1989. We have obtained information on the different transport modes from several sources and used interviews with operators to estimate freight rates according to the structure of the reference market. Foreign and Italian transporters� market shares of import and export volumes are estimated on the basis of the sample data and administrative records. We then break down foreign trade data by transport mode to take account of the structural overestimation of road haulage. We perform a quantitative analysis of the possible determinants of freight rates and compare the results with those available in the literature. The relationship between trade flows, transport distance and costs is estimated using a gravitational model

Suggested Citation

  • Enrico Pastori & Miriam Tagliavia & Enrico Tosti & Simonetta Zappa, 2014. "The survey on international freight rates in Italy: methods and results," Questioni di Economia e Finanza (Occasional Papers) 223, Bank of Italy, Economic Research and International Relations Area.
  • Handle: RePEc:bdi:opques:qef_223_14
    as

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    File URL: http://www.bancaditalia.it/pubblicazioni/qef/2014-0223/QEF-223.pdf
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    References listed on IDEAS

    as
    1. David Hummels, 2007. "Transportation Costs and International Trade in the Second Era of Globalization," Journal of Economic Perspectives, American Economic Association, vol. 21(3), pages 131-154, Summer.
    2. Alejandro Micco & Natalia Pérez, 2002. "Determinants of Maritime Transport Costs," IDB Publications (Working Papers) 3700, Inter-American Development Bank.
    3. Inmaculada Martinez-Zarzoso & Felicitas D. Nowak-Lehmann, 2007. "Is distance a good proxy for transport costs? The case of competing transport modes," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 16(3), pages 411-434.
    4. Gordon Wilmsmeier & Inmaculada Martínez-Zarzoso, 2009. "Determinants of maritime transport costs -- a panel data analysis for Latin American trade," Transportation Planning and Technology, Taylor & Francis Journals, vol. 33(1), pages 105-121, October.
    5. Alberto Behar & Anthony J. Venables, 2011. "Transport Costs and International Trade," Chapters,in: A Handbook of Transport Economics, chapter 5 Edward Elgar Publishing.
    6. Alejandro Micco & Natalia Perez, 2002. "Determinants of Maritime Transport Costs," Research Department Publications 4247, Inter-American Development Bank, Research Department.
    7. David Hummels & Volodymyr Lugovskyy, 2006. "Are Matched Partner Trade Statistics a Usable Measure of Transportation Costs?," Review of International Economics, Wiley Blackwell, vol. 14(1), pages 69-86, February.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Freight; transportation; transportation modes; international trade; trade elasticity; gravity model.;

    JEL classification:

    • L91 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Transportation: General
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
    • F19 - International Economics - - Trade - - - Other

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