The Trade-Reducing Effects of Restrictions on Liner Shipping

The Trade-Reducing Effects of Restrictions on Liner Shipping

This paper examines how policy governing the liner shipping sector affects maritime transport costs and seaborne trade flows. The paper uses a novel data set and finds that restrictions, particularly on foreign investment, increase maritime transpo...

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Bibliographic Details
Main Authors: Bertho, Fabien, Borchert, Ingo, Mattoo, Aaditya
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
AD VALOREM
ADVERSE IMPACT
AGREEMENT ON TRADE
AIR
ALTERNATIVE MODES
ALTERNATIVE MODES OF TRANSPORTATION
ALTERNATIVE TRANSPORT
ALTERNATIVE TRANSPORT MODES
ANTI-COMPETITIVE PRACTICES
APPLIED TARIFF
AVERAGE COSTS
AVERAGE TARIFF
AVERAGE TARIFFS
AVERAGE TRADE
BILATERAL TRADE
BILATERAL TRADE BARRIERS
BORDER TRADE
BULK CARRIERS
CARGO
CARGO HANDLING
CARGOES
CARRIERS
CIF
COMMODITY
COMPARATIVE ADVANTAGE
COMPETITION LAW
COMPETITION POLICY
COMPETITION RULES
CONNECTIVITY
CONNECTIVITY INDEX
CONSUMERS
CONTAINERIZATION
COSTS OF TRANSPORT
COUNTRY FIXED EFFECTS
COUNTRY OF ORIGIN
CUSTOMS
CUSTOMS VALUE
DEVELOPMENT ECONOMICS
DEVELOPMENT POLICY
DOMESTIC COMPETITION
DRIVERS
ECONOMETRICS
ECONOMIC COOPERATION
ECONOMIC DEVELOPMENT
ECONOMIC RELATIONS
ECONOMIC RESEARCH
ECONOMIES OF SCALE
EFFICIENT TRANSPORT
ELASTICITIES
ELASTICITY
ELASTICITY OF TRADE
EXPECTED VALUE
EXPORTERS
EXPORTS
FACTOR ANALYSIS
FOREIGN DIRECT INVESTMENT
FOREIGN FIRMS
FOREIGN INVESTMENT
FOREIGN OWNERSHIP
FOREIGN SUPPLIERS
FOREIGN TRADE
FREE TRANSFER
FREIGHT
FREIGHT COSTS
FREIGHT RATES
FUEL
GLOBAL MARKETS
GLOBAL TRADE
GLOBAL TRADE ANALYSIS
GLOBALIZATION
GRAVITY EQUATION
GRAVITY FRAMEWORK
GRAVITY MODEL
GRAVITY VARIABLES
HARMONIZED SYSTEM
IMPACT OF TRANSPORT
IMPACT OF TRANSPORT COSTS
IMPORT DUTIES
IMPORT VALUE
INCOME
INCOME GROUP
INDUSTRIAL COUNTRIES
INLAND TRANSPORT
INSURANCE
INTERNATIONAL TRADE
INTERNATIONAL TRANSPORT
INVESTMENT BARRIERS
INVESTMENT RESTRICTIONS
JOINT VENTURE
JOURNEY
JOURNEYS
LIBERALIZATION
LIBERALIZATION OF TRADE
LINER SHIPPING
LINER SHIPPING PRICES
LOCAL TRANSPORTATION
LONGER DISTANCES
MARGINAL COST
MARGINAL COSTS
MARGINAL EFFECTS
MARITIME SHIPPING
MARITIME TRANSPORT
MARKET ENTRY
MARKET INTEGRATION
MARKET REGULATION
MARKET SHARE
MARKET STRUCTURE
MULTILATERAL TRADE
NUMERICAL VALUE
OPERATIONAL EFFICIENCY
OUTPUT
PORT OF ENTRY
PREFERENTIAL AGREEMENTS
PREFERENTIAL TRADE
PREFERENTIAL TRADE AGREEMENT
PRIVATE ENTITY
PUBLIC POLICY
QUALITY OF TRANSPORT
REFORM PROGRAMS
REGIONAL TRADE
REGULATOR
REGULATORY BODY
REGULATORY ENVIRONMENT
REGULATORY REGIMES
ROAD
ROAD TRANSPORT
ROUTE
ROUTES
SHIPPING COMPANIES
SHIPPING CONFERENCES
SHIPPING COSTS
SPECIALIZATION
SURFACE TRANSPORT
TARIFF RATES
TELECOMMUNICATIONS
TERMINAL FEES
TERMS OF TRADE
TONNAGE
TRADE BARRIERS
TRADE COSTS
TRADE FLOWS
TRADE NEGOTIATIONS
TRADE PARTNERS
TRADE POLICIES
TRADE POLICY
TRADE RESTRICTIONS
TRAMP SHIPPING
TRANSPORT COSTS
TRANSPORT FACILITIES
TRANSPORT INFRASTRUCTURE
TRANSPORT MODE
TRANSPORT SECTOR
TRANSPORT SERVICE
TRANSPORT SERVICES
TRANSPORTATION COSTS
TRANSPORTATION PLANNING
TRANSPORTATION SERVICES
TRUE
URUGUAY ROUND
VALUE OF IMPORTS
VALUE OF TRADE
VESSELS
VOLUME OF TRADE
WORLD ECONOMY
WORLD TRADE
WORLD TRADE ORGANIZATION
WTO
Online Access:http://documents.worldbank.org/curated/en/2014/06/19678335/trade-reducing-effects-restrictions-liner-shipping
http://hdl.handle.net/10986/18758
Description
Summary:This paper examines how policy governing the liner shipping sector affects maritime transport costs and seaborne trade flows. The paper uses a novel data set and finds that restrictions, particularly on foreign investment, increase maritime transport costs, strongly but unevenly. The cost-inflating effect ranges from 24 to 50 percent and trade on some routes may be inhibited altogether. Distance increases maritime transport costs, but also attenuates the cost impact of policy barriers. Overall, policy restrictions may lower trade flows on specific routes by up to 46 percent and therefore deserve greater attention in national reform programs and international trade negotiations.

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