Weathering the Storm : Investing in Port Infrastructure to Lower Trade Costs in East Asia
The world economic crisis of 2008 presents clear challenges to prospects for economic growth in developing countries. This is particularly true for emerging economies in East Asia that have relied to a great extent over the past decade on export-le...
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| Format: | Policy Research Working Paper |
| Language: | English |
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World Bank
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090427112624 http://hdl.handle.net/10986/4105 |
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okr-10986-41052021-04-23T14:02:15Z Weathering the Storm : Investing in Port Infrastructure to Lower Trade Costs in East Asia Abe, Kazutomo Wilson, John S. AD VALOREM AIR AIR TRANSPORT AIRPORTS AVERAGE UTILIZATION BERTH BERTHS BILATERAL TRADE BONDS BOTTLENECKS CANALS CARGO CARGOS CIF COMMODITIES COMMODITY COMMODITY CODES COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVENESS CONGESTION CONGESTION COST CONGESTION COSTS CONGESTION INDEX CONSUMER SURPLUS CONSUMERS CONTAINER BERTHS CONTAINER CARGO CONTAINER FACILITIES CONTAINER SHIP CONTAINER SHIPS CONTAINER TERMINALS CONTAINER VESSELS CONTAINERIZATION CONTAINERIZED CARGO CONTAINERS COST EFFICIENCY COSTS OF CONGESTION CUSTOMS CUSTOMS VALUE DEMAND CURVE DEVELOPMENT ECONOMICS DEVELOPMENT PROJECTS DEVELOPMENT STRATEGY DISCOUNT RATE DREDGING DRIVING ECONOMIC COOPERATION ECONOMIC FORECASTS ECONOMICS RESEARCH ELASTICITIES ELASTICITY EXCESS PROFITS EXCHANGE RATES EXPORTS FARES FISCAL POLICY FREE TRADE FREIGHT FREIGHT COSTS FREIGHT FORWARDERS FREIGHT PAYMENTS FREIGHT TRAFFIC FREIGHT TRANSPORT FUEL FUEL COSTS FUEL PRICES FUTURE RESEARCH GDP GDP PER CAPITA GOVERNMENT SUBSIDY GROWTH RATE INEFFICIENCY INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE PROJECTS INFRASTRUCTURES INLAND WATERWAYS INTERNATIONAL TRADE INTERNATIONAL TRANSPORT LAND TRANSPORT LARGE CONTAINER VESSELS LENGTH OF ROAD LOADING MARGINAL COSTS MARITIME AFFAIRS MARITIME TRANSPORT MULTIPLIER EFFECT NATURAL RESOURCES OCEAN FREIGHT OCEAN TRANSPORT PER CAPITA INCOMES PORT AUTHORITIES PORT AUTHORITY PORT CAPACITY PORT CONGESTION PORT DEVELOPMENT PORT EFFICIENCY PORT EXPANSION PORT FACILITIES PORT INFRASTRUCTURE PORT PERFORMANCE PORT SERVICES PORT USERS PUBLIC PARTNERSHIPS QUALITY OF TRANSPORTATION QUALITY TRANSPORTATION RAIL RAILROADS RAILWAY RAPID INDUSTRIALIZATION REGRESSION ANALYSIS ROAD SEA TRANSPORT SEAPORTS SHIPMENTS SHIPPING SHIPPING COMPANIES SUPPLY CURVE TANKERS TAX TEU TOTAL COSTS TRADE BARRIERS TRADE DIVERSION TRADE FACILITATION TRADE LIBERALIZATION TRADE POLICIES TRAFFIC TRAFFIC CONGESTION TRANSIT TRANSIT COUNTRIES TRANSPARENCY TRANSPORT TRANSPORT COSTS TRANSPORT DATA TRANSPORT INFRASTRUCTURE TRANSPORTATION TRANSPORTATION COSTS TRANSPORTATION NETWORKS TRANSPORTATION SERVICES TRUE VEHICLE WAITING TIME WATER TRANSPORTATION WORLD TRADE ORGANIZATION WTO The world economic crisis of 2008 presents clear challenges to prospects for economic growth in developing countries. This is particularly true for emerging economies in East Asia that have relied to a great extent over the past decade on export-led growth. What steps to facilitate trade promise a relatively strong return on investment for East Asia to help sustain trade and growth? The authors examine how port infrastructure affects trade and the role of transport costs in driving exports and imports for the region. They find that port congestion has significantly increased the transport costs to East Asia from both of the United States and Japan. The analysis suggests that cutting port congestion by 10 percent could cut transport costs in East Asia by up to 3 percent. This translates into a 0.3 to 0.5 percent across-the-board tariff cut. In addition, the estimates suggest that the trade cost reduction of investment in port infrastructure in East Asia that translates into higher consumer welfare would far outweigh the cost for physical expansion of the ports in the region. 2012-03-19T19:10:05Z 2012-03-19T19:10:05Z 2009-04-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090427112624 http://hdl.handle.net/10986/4105 English Policy Research Working Paper ; No. 4911 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank Publications & Research :: Policy Research Working Paper East Asia and Pacific East Asia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
AD VALOREM AIR AIR TRANSPORT AIRPORTS AVERAGE UTILIZATION BERTH BERTHS BILATERAL TRADE BONDS BOTTLENECKS CANALS CARGO CARGOS CIF COMMODITIES COMMODITY COMMODITY CODES COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVENESS CONGESTION CONGESTION COST CONGESTION COSTS CONGESTION INDEX CONSUMER SURPLUS CONSUMERS CONTAINER BERTHS CONTAINER CARGO CONTAINER FACILITIES CONTAINER SHIP CONTAINER SHIPS CONTAINER TERMINALS CONTAINER VESSELS CONTAINERIZATION CONTAINERIZED CARGO CONTAINERS COST EFFICIENCY COSTS OF CONGESTION CUSTOMS CUSTOMS VALUE DEMAND CURVE DEVELOPMENT ECONOMICS DEVELOPMENT PROJECTS DEVELOPMENT STRATEGY DISCOUNT RATE DREDGING DRIVING ECONOMIC COOPERATION ECONOMIC FORECASTS ECONOMICS RESEARCH ELASTICITIES ELASTICITY EXCESS PROFITS EXCHANGE RATES EXPORTS FARES FISCAL POLICY FREE TRADE FREIGHT FREIGHT COSTS FREIGHT FORWARDERS FREIGHT PAYMENTS FREIGHT TRAFFIC FREIGHT TRANSPORT FUEL FUEL COSTS FUEL PRICES FUTURE RESEARCH GDP GDP PER CAPITA GOVERNMENT SUBSIDY GROWTH RATE INEFFICIENCY INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE PROJECTS INFRASTRUCTURES INLAND WATERWAYS INTERNATIONAL TRADE INTERNATIONAL TRANSPORT LAND TRANSPORT LARGE CONTAINER VESSELS LENGTH OF ROAD LOADING MARGINAL COSTS MARITIME AFFAIRS MARITIME TRANSPORT MULTIPLIER EFFECT NATURAL RESOURCES OCEAN FREIGHT OCEAN TRANSPORT PER CAPITA INCOMES PORT AUTHORITIES PORT AUTHORITY PORT CAPACITY PORT CONGESTION PORT DEVELOPMENT PORT EFFICIENCY PORT EXPANSION PORT FACILITIES PORT INFRASTRUCTURE PORT PERFORMANCE PORT SERVICES PORT USERS PUBLIC PARTNERSHIPS QUALITY OF TRANSPORTATION QUALITY TRANSPORTATION RAIL RAILROADS RAILWAY RAPID INDUSTRIALIZATION REGRESSION ANALYSIS ROAD SEA TRANSPORT SEAPORTS SHIPMENTS SHIPPING SHIPPING COMPANIES SUPPLY CURVE TANKERS TAX TEU TOTAL COSTS TRADE BARRIERS TRADE DIVERSION TRADE FACILITATION TRADE LIBERALIZATION TRADE POLICIES TRAFFIC TRAFFIC CONGESTION TRANSIT TRANSIT COUNTRIES TRANSPARENCY TRANSPORT TRANSPORT COSTS TRANSPORT DATA TRANSPORT INFRASTRUCTURE TRANSPORTATION TRANSPORTATION COSTS TRANSPORTATION NETWORKS TRANSPORTATION SERVICES TRUE VEHICLE WAITING TIME WATER TRANSPORTATION WORLD TRADE ORGANIZATION WTO |
| spellingShingle |
AD VALOREM AIR AIR TRANSPORT AIRPORTS AVERAGE UTILIZATION BERTH BERTHS BILATERAL TRADE BONDS BOTTLENECKS CANALS CARGO CARGOS CIF COMMODITIES COMMODITY COMMODITY CODES COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVENESS CONGESTION CONGESTION COST CONGESTION COSTS CONGESTION INDEX CONSUMER SURPLUS CONSUMERS CONTAINER BERTHS CONTAINER CARGO CONTAINER FACILITIES CONTAINER SHIP CONTAINER SHIPS CONTAINER TERMINALS CONTAINER VESSELS CONTAINERIZATION CONTAINERIZED CARGO CONTAINERS COST EFFICIENCY COSTS OF CONGESTION CUSTOMS CUSTOMS VALUE DEMAND CURVE DEVELOPMENT ECONOMICS DEVELOPMENT PROJECTS DEVELOPMENT STRATEGY DISCOUNT RATE DREDGING DRIVING ECONOMIC COOPERATION ECONOMIC FORECASTS ECONOMICS RESEARCH ELASTICITIES ELASTICITY EXCESS PROFITS EXCHANGE RATES EXPORTS FARES FISCAL POLICY FREE TRADE FREIGHT FREIGHT COSTS FREIGHT FORWARDERS FREIGHT PAYMENTS FREIGHT TRAFFIC FREIGHT TRANSPORT FUEL FUEL COSTS FUEL PRICES FUTURE RESEARCH GDP GDP PER CAPITA GOVERNMENT SUBSIDY GROWTH RATE INEFFICIENCY INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE PROJECTS INFRASTRUCTURES INLAND WATERWAYS INTERNATIONAL TRADE INTERNATIONAL TRANSPORT LAND TRANSPORT LARGE CONTAINER VESSELS LENGTH OF ROAD LOADING MARGINAL COSTS MARITIME AFFAIRS MARITIME TRANSPORT MULTIPLIER EFFECT NATURAL RESOURCES OCEAN FREIGHT OCEAN TRANSPORT PER CAPITA INCOMES PORT AUTHORITIES PORT AUTHORITY PORT CAPACITY PORT CONGESTION PORT DEVELOPMENT PORT EFFICIENCY PORT EXPANSION PORT FACILITIES PORT INFRASTRUCTURE PORT PERFORMANCE PORT SERVICES PORT USERS PUBLIC PARTNERSHIPS QUALITY OF TRANSPORTATION QUALITY TRANSPORTATION RAIL RAILROADS RAILWAY RAPID INDUSTRIALIZATION REGRESSION ANALYSIS ROAD SEA TRANSPORT SEAPORTS SHIPMENTS SHIPPING SHIPPING COMPANIES SUPPLY CURVE TANKERS TAX TEU TOTAL COSTS TRADE BARRIERS TRADE DIVERSION TRADE FACILITATION TRADE LIBERALIZATION TRADE POLICIES TRAFFIC TRAFFIC CONGESTION TRANSIT TRANSIT COUNTRIES TRANSPARENCY TRANSPORT TRANSPORT COSTS TRANSPORT DATA TRANSPORT INFRASTRUCTURE TRANSPORTATION TRANSPORTATION COSTS TRANSPORTATION NETWORKS TRANSPORTATION SERVICES TRUE VEHICLE WAITING TIME WATER TRANSPORTATION WORLD TRADE ORGANIZATION WTO Abe, Kazutomo Wilson, John S. Weathering the Storm : Investing in Port Infrastructure to Lower Trade Costs in East Asia |
| geographic_facet |
East Asia and Pacific East Asia |
| relation |
Policy Research Working Paper ; No. 4911 |
| description |
The world economic crisis of 2008
presents clear challenges to prospects for economic growth
in developing countries. This is particularly true for
emerging economies in East Asia that have relied to a great
extent over the past decade on export-led growth. What steps
to facilitate trade promise a relatively strong return on
investment for East Asia to help sustain trade and growth?
The authors examine how port infrastructure affects trade
and the role of transport costs in driving exports and
imports for the region. They find that port congestion has
significantly increased the transport costs to East Asia
from both of the United States and Japan. The analysis
suggests that cutting port congestion by 10 percent could
cut transport costs in East Asia by up to 3 percent. This
translates into a 0.3 to 0.5 percent across-the-board tariff
cut. In addition, the estimates suggest that the trade cost
reduction of investment in port infrastructure in East Asia
that translates into higher consumer welfare would far
outweigh the cost for physical expansion of the ports in the region. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Abe, Kazutomo Wilson, John S. |
| author_facet |
Abe, Kazutomo Wilson, John S. |
| author_sort |
Abe, Kazutomo |
| title |
Weathering the Storm : Investing in Port Infrastructure to Lower Trade Costs in East Asia |
| title_short |
Weathering the Storm : Investing in Port Infrastructure to Lower Trade Costs in East Asia |
| title_full |
Weathering the Storm : Investing in Port Infrastructure to Lower Trade Costs in East Asia |
| title_fullStr |
Weathering the Storm : Investing in Port Infrastructure to Lower Trade Costs in East Asia |
| title_full_unstemmed |
Weathering the Storm : Investing in Port Infrastructure to Lower Trade Costs in East Asia |
| title_sort |
weathering the storm : investing in port infrastructure to lower trade costs in east asia |
| publisher |
World Bank |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090427112624 http://hdl.handle.net/10986/4105 |
| _version_ |
1764389940304543744 |