Time as a Determinant of Comparative Advantage
It is assumed that added time to export adds cost to and lowers the volume of trade. Time delays may also affect the composition of trade and can disproportionately reduce trade in time-sensitive goods. This paper investigates the validity of these...
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| Format: | Policy Research Working Paper |
| Language: | English |
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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_20091116085556 http://hdl.handle.net/10986/4320 |
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okr-10986-43202021-04-23T14:02:17Z Time as a Determinant of Comparative Advantage Li, Yue Wilson, John S. ADVERSE EFFECTS AGGREGATE TRADE AGGREGATE TRADE FLOWS AGRICULTURE AIR AIR TRANSPORT AUTOMOTIVE SECTOR BILATERAL TRADE BORDER TRADE CAPITAL INVESTMENTS CAPITAL STOCK COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES CONSUMERS COST-BENEFIT ANALYSIS CUSTOMS ADMINISTRATION CUSTOMS CLEARANCE DEVELOPMENT ECONOMICS DEVELOPMENT RESEARCH DOMESTIC MARKET ECONOMIC RESEARCH EFFICIENCY OF INFRASTRUCTURE ELECTRONICS INDUSTRY EXCHANGE RATES EXPORT GROWTH EXPORT INTENSITY EXPORT MARKET EXPORT MARKETS EXPORT ORIENTATION EXPORT PERFORMANCE EXPORTERS EXPORTS EXTERNAL FINANCE FACTOR ENDOWMENTS FINANCIAL RESOURCES FOREIGN MARKET FOREIGN MARKETS FOREIGN OWNERSHIP FOREIGN SALES FREIGHT GDP GDP PER CAPITA GLOBAL MARKETS GLOBAL TRADE GLOBAL TRADE ANALYSIS GROWTH POTENTIAL HUMAN CAPITAL IMPACT OF TRADE IMPACT OF TRADE LIBERALIZATION INCOME INCOME LEVELS INCREASING RETURNS INEFFICIENCY INFLATION RATES INFRASTRUCTURE INVESTMENT INLAND TRANSPORT INSPECTION INTERMEDIATE INPUTS INTERNATIONAL PRODUCTION INTERNATIONAL TRADE INTERNATIONAL TRANSPORT INVENTORY MACHINERY MANUFACTURING PRODUCTIVITY MARGINAL EFFECTS MARKET DEVELOPMENT MARKET SHARES METHODOLOGY PATTERN OF TRADE PRODUCTIVITY REGULATORY POLICIES RESEARCH WORKING PAPERS SHIPPING CONTAINERS SUNK COSTS SURVEY DATA SURVEY INSTRUMENTS TARIFF BARRIERS TARIFF RATES TECHNIQUES TERMS OF TRADE TOTAL COSTS TRADE BARRIERS TRADE COSTS TRADE EFFECT TRADE FACILITATION TRADE FLOWS TRADE LIBERALIZATION TRADE PATTERNS TRADE POLICIES TRADE POLICY TRADE THEORIES TRADE VOLUMES TRANSIT TRANSPORT COSTS TRANSPORT MODES TRANSPORT SYSTEMS TRANSPORTATION TRANSPORTATION COST TRANSPORTATION COSTS VALIDITY VALUE ADDED VOLUME OF TRADE WAGES WORLD TRADE WORLD TRADE ORGANIZATION It is assumed that added time to export adds cost to and lowers the volume of trade. Time delays may also affect the composition of trade and can disproportionately reduce trade in time-sensitive goods. This paper investigates the validity of these propositions using the World Bank Doing Business database and Enterprise Surveys for 64 developing countries. The authors find that in countries where there is longer time needed to export firms in time-sensitive industries are less likely to become exporters. Moreover, firms that do export have lower export intensities. Their findings imply that time to export is a significant determinant of comparative advantage. For example, consider two industries that have the same export probability and intensity - but differ in time-sensitivity by one standard deviation. Action taken to cut time to export by 50 percent for one industry opens a 6 percentage point difference between the export probabilities of the two industries. In addition, steps to cut time delays increase export intensities by 1.9 percentage points. This impact applies to industries with different productivity levels -- and those in developing countries with different income levels. 2012-03-19T19:13:55Z 2012-03-19T19:13:55Z 2009-11-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20091116085556 http://hdl.handle.net/10986/4320 English Policy Research working paper ; no. WPS 5128 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region The World Region |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ADVERSE EFFECTS AGGREGATE TRADE AGGREGATE TRADE FLOWS AGRICULTURE AIR AIR TRANSPORT AUTOMOTIVE SECTOR BILATERAL TRADE BORDER TRADE CAPITAL INVESTMENTS CAPITAL STOCK COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES CONSUMERS COST-BENEFIT ANALYSIS CUSTOMS ADMINISTRATION CUSTOMS CLEARANCE DEVELOPMENT ECONOMICS DEVELOPMENT RESEARCH DOMESTIC MARKET ECONOMIC RESEARCH EFFICIENCY OF INFRASTRUCTURE ELECTRONICS INDUSTRY EXCHANGE RATES EXPORT GROWTH EXPORT INTENSITY EXPORT MARKET EXPORT MARKETS EXPORT ORIENTATION EXPORT PERFORMANCE EXPORTERS EXPORTS EXTERNAL FINANCE FACTOR ENDOWMENTS FINANCIAL RESOURCES FOREIGN MARKET FOREIGN MARKETS FOREIGN OWNERSHIP FOREIGN SALES FREIGHT GDP GDP PER CAPITA GLOBAL MARKETS GLOBAL TRADE GLOBAL TRADE ANALYSIS GROWTH POTENTIAL HUMAN CAPITAL IMPACT OF TRADE IMPACT OF TRADE LIBERALIZATION INCOME INCOME LEVELS INCREASING RETURNS INEFFICIENCY INFLATION RATES INFRASTRUCTURE INVESTMENT INLAND TRANSPORT INSPECTION INTERMEDIATE INPUTS INTERNATIONAL PRODUCTION INTERNATIONAL TRADE INTERNATIONAL TRANSPORT INVENTORY MACHINERY MANUFACTURING PRODUCTIVITY MARGINAL EFFECTS MARKET DEVELOPMENT MARKET SHARES METHODOLOGY PATTERN OF TRADE PRODUCTIVITY REGULATORY POLICIES RESEARCH WORKING PAPERS SHIPPING CONTAINERS SUNK COSTS SURVEY DATA SURVEY INSTRUMENTS TARIFF BARRIERS TARIFF RATES TECHNIQUES TERMS OF TRADE TOTAL COSTS TRADE BARRIERS TRADE COSTS TRADE EFFECT TRADE FACILITATION TRADE FLOWS TRADE LIBERALIZATION TRADE PATTERNS TRADE POLICIES TRADE POLICY TRADE THEORIES TRADE VOLUMES TRANSIT TRANSPORT COSTS TRANSPORT MODES TRANSPORT SYSTEMS TRANSPORTATION TRANSPORTATION COST TRANSPORTATION COSTS VALIDITY VALUE ADDED VOLUME OF TRADE WAGES WORLD TRADE WORLD TRADE ORGANIZATION |
| spellingShingle |
ADVERSE EFFECTS AGGREGATE TRADE AGGREGATE TRADE FLOWS AGRICULTURE AIR AIR TRANSPORT AUTOMOTIVE SECTOR BILATERAL TRADE BORDER TRADE CAPITAL INVESTMENTS CAPITAL STOCK COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES CONSUMERS COST-BENEFIT ANALYSIS CUSTOMS ADMINISTRATION CUSTOMS CLEARANCE DEVELOPMENT ECONOMICS DEVELOPMENT RESEARCH DOMESTIC MARKET ECONOMIC RESEARCH EFFICIENCY OF INFRASTRUCTURE ELECTRONICS INDUSTRY EXCHANGE RATES EXPORT GROWTH EXPORT INTENSITY EXPORT MARKET EXPORT MARKETS EXPORT ORIENTATION EXPORT PERFORMANCE EXPORTERS EXPORTS EXTERNAL FINANCE FACTOR ENDOWMENTS FINANCIAL RESOURCES FOREIGN MARKET FOREIGN MARKETS FOREIGN OWNERSHIP FOREIGN SALES FREIGHT GDP GDP PER CAPITA GLOBAL MARKETS GLOBAL TRADE GLOBAL TRADE ANALYSIS GROWTH POTENTIAL HUMAN CAPITAL IMPACT OF TRADE IMPACT OF TRADE LIBERALIZATION INCOME INCOME LEVELS INCREASING RETURNS INEFFICIENCY INFLATION RATES INFRASTRUCTURE INVESTMENT INLAND TRANSPORT INSPECTION INTERMEDIATE INPUTS INTERNATIONAL PRODUCTION INTERNATIONAL TRADE INTERNATIONAL TRANSPORT INVENTORY MACHINERY MANUFACTURING PRODUCTIVITY MARGINAL EFFECTS MARKET DEVELOPMENT MARKET SHARES METHODOLOGY PATTERN OF TRADE PRODUCTIVITY REGULATORY POLICIES RESEARCH WORKING PAPERS SHIPPING CONTAINERS SUNK COSTS SURVEY DATA SURVEY INSTRUMENTS TARIFF BARRIERS TARIFF RATES TECHNIQUES TERMS OF TRADE TOTAL COSTS TRADE BARRIERS TRADE COSTS TRADE EFFECT TRADE FACILITATION TRADE FLOWS TRADE LIBERALIZATION TRADE PATTERNS TRADE POLICIES TRADE POLICY TRADE THEORIES TRADE VOLUMES TRANSIT TRANSPORT COSTS TRANSPORT MODES TRANSPORT SYSTEMS TRANSPORTATION TRANSPORTATION COST TRANSPORTATION COSTS VALIDITY VALUE ADDED VOLUME OF TRADE WAGES WORLD TRADE WORLD TRADE ORGANIZATION Li, Yue Wilson, John S. Time as a Determinant of Comparative Advantage |
| geographic_facet |
The World Region The World Region |
| relation |
Policy Research working paper ; no. WPS 5128 |
| description |
It is assumed that added time to export
adds cost to and lowers the volume of trade. Time delays may
also affect the composition of trade and can
disproportionately reduce trade in time-sensitive goods.
This paper investigates the validity of these propositions
using the World Bank Doing Business database and Enterprise
Surveys for 64 developing countries. The authors find that
in countries where there is longer time needed to export
firms in time-sensitive industries are less likely to become
exporters. Moreover, firms that do export have lower export
intensities. Their findings imply that time to export is a
significant determinant of comparative advantage. For
example, consider two industries that have the same export
probability and intensity - but differ in time-sensitivity
by one standard deviation. Action taken to cut time to
export by 50 percent for one industry opens a 6 percentage
point difference between the export probabilities of the two
industries. In addition, steps to cut time delays increase
export intensities by 1.9 percentage points. This impact
applies to industries with different productivity levels --
and those in developing countries with different income levels. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Li, Yue Wilson, John S. |
| author_facet |
Li, Yue Wilson, John S. |
| author_sort |
Li, Yue |
| title |
Time as a Determinant of Comparative Advantage |
| title_short |
Time as a Determinant of Comparative Advantage |
| title_full |
Time as a Determinant of Comparative Advantage |
| title_fullStr |
Time as a Determinant of Comparative Advantage |
| title_full_unstemmed |
Time as a Determinant of Comparative Advantage |
| title_sort |
time as a determinant of comparative advantage |
| 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_20091116085556 http://hdl.handle.net/10986/4320 |
| _version_ |
1764390913023410176 |