Trade Facilitation and Economic Development : Measuring the Impact
The authors analyze the relationship between trade facilitation, trade flows, and GDP per capita in the Asia-Pacific region for the goods sector. They define and measure trade facilitation using four broad indicators. These are constructed using co...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2003/03/2183606/trade-facilitation-economic-development-measuring-impact http://hdl.handle.net/10986/19158 |
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okr-10986-191582021-04-23T14:03:42Z Trade Facilitation and Economic Development : Measuring the Impact Wilson, John S. Mann, Catherine L. Otsuki, Tsunehiro TRADE FACILITATION ECONOMIC DEVELOPMENT GROSS DOMESTIC PRODUCT PORT FACILITIES CUSTOMS ADMINISTRATION REGULATORY ENVIRONMENTS ELECTRONIC INSTRUMENTS GRAVITY MODEL TRADE BARRIERS TRADE EXPANSION ASIA-PACIFIC ECONOMIC COOPERATION COUNCIL ABSOLUTE VALUE AD VALOREM AIR TRANSPORT APPLIED TARIFF AVERAGE TRADE BENCHMARKS BILATERAL TRADE BORDER TRADE CAPACITY BUILDING COMMODITIES COMMODITY CONSTANT ELASTICITY OF SUBSTITUTION CONSUMERS CUSTOMS CUSTOMS ADMINISTRATION CUSTOMS PROCEDURES DEVELOPMENT DEVELOPMENT ASSISTANCE DEVELOPMENT STRATEGIES DONOR AGENCIES ECONOMIC COOPERATION ECONOMIC THEORY ELASTICITY ELASTICITY OF TRADE EXPORT PRICES EXPORTERS EXPORTS FOREIGN TRADE GDP GDP PER CAPITA GLOBAL COMPETITIVENESS GLOBAL TRADE GNP GRAVITY EQUATION GRAVITY MODEL GRAVITY MODEL APPROACH GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT IMPACT OF TRADE IMPORT BARRIERS IMPORT PRICES INCOME INDUSTRY TRADE INTERNATIONAL ORGANIZATIONS INTERNATIONAL TRADE MANUFACTURING MEASURE OF TRADE PER CAPITA INCOME PREFERENTIAL TRADE PREFERENTIAL TRADE ARRANGEMENTS PRODUCTIVITY GROWTH REAL GDP REGIONAL TRADE REGIONAL TRADE ARRANGEMENTS REGRESSION ANALYSIS REGULATORY BARRIERS RETAIL TRADE SAFETY STANDARDS TARIFF BARRIERS TARIFF DATA TARIFF POLICIES TARIFF RATE TARIFF RATES TARIFF REDUCTION TELECOMMUNICATIONS TIME SERIES TRADE TRADE BARRIERS TRADE CLASSIFICATION TRADE COSTS TRADE DATA TRADE EFFECTS TRADE FACILITATION TRADE FLOW DATA TRADE FLOWS TRADE ISSUES TRADE LIBERALIZATION TRADE VALUES TRAINS TRANSPARENCY TRANSPORT COSTS TRANSPORT SERVICES TROUGH UNILATERAL TRADE URUGUAY ROUND WAREHOUSES WTO ASIA-PACIFIC ECONOMIC COOPERATION COUNCIL ABSOLUTE VALUE The authors analyze the relationship between trade facilitation, trade flows, and GDP per capita in the Asia-Pacific region for the goods sector. They define and measure trade facilitation using four broad indicators. These are constructed using country-specific data for port efficiency, customs environment, regulatory environment, and electronic-business usage. They estimate the relationship between these indicators and trade flows using a gravity model. The model includes tariffs and other standard variables. The authors find that enhanced port efficiency has a large and positive effect on trade. Regulatory barriers deter trade. The results also suggest that improvements in customs and greater electronic-business use significantly expands trade, but to a lesser degree than the effect of ports or regulations. The authors then estimate the benefits of specific trade facilitation efforts by quantifying differential improvement by members of the Asia Pacific Economic Cooperation (APEC) in these four areas. Based on a scenario in which APEC members below average improve capacity halfway to the average for all members, the authors find that intra-APEC trade could increase by $254 billion. This represents approximately a 21 percent increase in intra-APEC trade flows, about half coming from improved port efficiencies in the region. Using Dollar and Kraay's estimate of the effect of trade on per capita GDP, these improvements in trade facilitation suggest an increase in APEC average per capita GDP of 4.3 percent. 2014-07-31T22:06:28Z 2014-07-31T22:06:28Z 2003-03 http://documents.worldbank.org/curated/en/2003/03/2183606/trade-facilitation-economic-development-measuring-impact http://hdl.handle.net/10986/19158 English en_US Policy Research Working Paper;No. 2988 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research East Asia and Pacific |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
TRADE FACILITATION ECONOMIC DEVELOPMENT GROSS DOMESTIC PRODUCT PORT FACILITIES CUSTOMS ADMINISTRATION REGULATORY ENVIRONMENTS ELECTRONIC INSTRUMENTS GRAVITY MODEL TRADE BARRIERS TRADE EXPANSION ASIA-PACIFIC ECONOMIC COOPERATION COUNCIL ABSOLUTE VALUE AD VALOREM AIR TRANSPORT APPLIED TARIFF AVERAGE TRADE BENCHMARKS BILATERAL TRADE BORDER TRADE CAPACITY BUILDING COMMODITIES COMMODITY CONSTANT ELASTICITY OF SUBSTITUTION CONSUMERS CUSTOMS CUSTOMS ADMINISTRATION CUSTOMS PROCEDURES DEVELOPMENT DEVELOPMENT ASSISTANCE DEVELOPMENT STRATEGIES DONOR AGENCIES ECONOMIC COOPERATION ECONOMIC THEORY ELASTICITY ELASTICITY OF TRADE EXPORT PRICES EXPORTERS EXPORTS FOREIGN TRADE GDP GDP PER CAPITA GLOBAL COMPETITIVENESS GLOBAL TRADE GNP GRAVITY EQUATION GRAVITY MODEL GRAVITY MODEL APPROACH GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT IMPACT OF TRADE IMPORT BARRIERS IMPORT PRICES INCOME INDUSTRY TRADE INTERNATIONAL ORGANIZATIONS INTERNATIONAL TRADE MANUFACTURING MEASURE OF TRADE PER CAPITA INCOME PREFERENTIAL TRADE PREFERENTIAL TRADE ARRANGEMENTS PRODUCTIVITY GROWTH REAL GDP REGIONAL TRADE REGIONAL TRADE ARRANGEMENTS REGRESSION ANALYSIS REGULATORY BARRIERS RETAIL TRADE SAFETY STANDARDS TARIFF BARRIERS TARIFF DATA TARIFF POLICIES TARIFF RATE TARIFF RATES TARIFF REDUCTION TELECOMMUNICATIONS TIME SERIES TRADE TRADE BARRIERS TRADE CLASSIFICATION TRADE COSTS TRADE DATA TRADE EFFECTS TRADE FACILITATION TRADE FLOW DATA TRADE FLOWS TRADE ISSUES TRADE LIBERALIZATION TRADE VALUES TRAINS TRANSPARENCY TRANSPORT COSTS TRANSPORT SERVICES TROUGH UNILATERAL TRADE URUGUAY ROUND WAREHOUSES WTO ASIA-PACIFIC ECONOMIC COOPERATION COUNCIL ABSOLUTE VALUE |
| spellingShingle |
TRADE FACILITATION ECONOMIC DEVELOPMENT GROSS DOMESTIC PRODUCT PORT FACILITIES CUSTOMS ADMINISTRATION REGULATORY ENVIRONMENTS ELECTRONIC INSTRUMENTS GRAVITY MODEL TRADE BARRIERS TRADE EXPANSION ASIA-PACIFIC ECONOMIC COOPERATION COUNCIL ABSOLUTE VALUE AD VALOREM AIR TRANSPORT APPLIED TARIFF AVERAGE TRADE BENCHMARKS BILATERAL TRADE BORDER TRADE CAPACITY BUILDING COMMODITIES COMMODITY CONSTANT ELASTICITY OF SUBSTITUTION CONSUMERS CUSTOMS CUSTOMS ADMINISTRATION CUSTOMS PROCEDURES DEVELOPMENT DEVELOPMENT ASSISTANCE DEVELOPMENT STRATEGIES DONOR AGENCIES ECONOMIC COOPERATION ECONOMIC THEORY ELASTICITY ELASTICITY OF TRADE EXPORT PRICES EXPORTERS EXPORTS FOREIGN TRADE GDP GDP PER CAPITA GLOBAL COMPETITIVENESS GLOBAL TRADE GNP GRAVITY EQUATION GRAVITY MODEL GRAVITY MODEL APPROACH GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT IMPACT OF TRADE IMPORT BARRIERS IMPORT PRICES INCOME INDUSTRY TRADE INTERNATIONAL ORGANIZATIONS INTERNATIONAL TRADE MANUFACTURING MEASURE OF TRADE PER CAPITA INCOME PREFERENTIAL TRADE PREFERENTIAL TRADE ARRANGEMENTS PRODUCTIVITY GROWTH REAL GDP REGIONAL TRADE REGIONAL TRADE ARRANGEMENTS REGRESSION ANALYSIS REGULATORY BARRIERS RETAIL TRADE SAFETY STANDARDS TARIFF BARRIERS TARIFF DATA TARIFF POLICIES TARIFF RATE TARIFF RATES TARIFF REDUCTION TELECOMMUNICATIONS TIME SERIES TRADE TRADE BARRIERS TRADE CLASSIFICATION TRADE COSTS TRADE DATA TRADE EFFECTS TRADE FACILITATION TRADE FLOW DATA TRADE FLOWS TRADE ISSUES TRADE LIBERALIZATION TRADE VALUES TRAINS TRANSPARENCY TRANSPORT COSTS TRANSPORT SERVICES TROUGH UNILATERAL TRADE URUGUAY ROUND WAREHOUSES WTO ASIA-PACIFIC ECONOMIC COOPERATION COUNCIL ABSOLUTE VALUE Wilson, John S. Mann, Catherine L. Otsuki, Tsunehiro Trade Facilitation and Economic Development : Measuring the Impact |
| geographic_facet |
East Asia and Pacific |
| relation |
Policy Research Working Paper;No. 2988 |
| description |
The authors analyze the relationship
between trade facilitation, trade flows, and GDP per capita
in the Asia-Pacific region for the goods sector. They define
and measure trade facilitation using four broad indicators.
These are constructed using country-specific data for port
efficiency, customs environment, regulatory environment, and
electronic-business usage. They estimate the relationship
between these indicators and trade flows using a gravity
model. The model includes tariffs and other standard
variables. The authors find that enhanced port efficiency
has a large and positive effect on trade. Regulatory
barriers deter trade. The results also suggest that
improvements in customs and greater electronic-business use
significantly expands trade, but to a lesser degree than the
effect of ports or regulations. The authors then estimate
the benefits of specific trade facilitation efforts by
quantifying differential improvement by members of the Asia
Pacific Economic Cooperation (APEC) in these four areas.
Based on a scenario in which APEC members below average
improve capacity halfway to the average for all members, the
authors find that intra-APEC trade could increase by $254
billion. This represents approximately a 21 percent increase
in intra-APEC trade flows, about half coming from improved
port efficiencies in the region. Using Dollar and
Kraay's estimate of the effect of trade on per capita
GDP, these improvements in trade facilitation suggest an
increase in APEC average per capita GDP of 4.3 percent. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Wilson, John S. Mann, Catherine L. Otsuki, Tsunehiro |
| author_facet |
Wilson, John S. Mann, Catherine L. Otsuki, Tsunehiro |
| author_sort |
Wilson, John S. |
| title |
Trade Facilitation and Economic Development : Measuring the Impact |
| title_short |
Trade Facilitation and Economic Development : Measuring the Impact |
| title_full |
Trade Facilitation and Economic Development : Measuring the Impact |
| title_fullStr |
Trade Facilitation and Economic Development : Measuring the Impact |
| title_full_unstemmed |
Trade Facilitation and Economic Development : Measuring the Impact |
| title_sort |
trade facilitation and economic development : measuring the impact |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2003/03/2183606/trade-facilitation-economic-development-measuring-impact http://hdl.handle.net/10986/19158 |
| _version_ |
1764439349633482752 |