Trading on Time
We determine how time delays affect trade, using newly collected data on the days it takes to move standard cargo from the factory gate to the ship in 98 countries. We estimate a difference gravity equation and find that each additional day that a product is delayed prior to being shipped reduces tr...
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okr-10986-56562021-04-23T14:02:23Z Trading on Time Djankov, Simeon Freund, Caroline Pham, Cong S. Country and Industry Studies of Trade F140 Transactional Relationships Contracts and Reputation Networks L140 International Linkages to Development Role of International Organizations O190 We determine how time delays affect trade, using newly collected data on the days it takes to move standard cargo from the factory gate to the ship in 98 countries. We estimate a difference gravity equation and find that each additional day that a product is delayed prior to being shipped reduces trade by more than 1%. Put differently, each day is equivalent to a country distancing itself from its trade partners by about 70 km on average. We also find that delays have a relatively greater impact on exports of time-sensitive goods, such as perishable agricultural products. 2012-03-30T07:33:53Z 2012-03-30T07:33:53Z 2010 Journal Article Review of Economics and Statistics 00346535 http://hdl.handle.net/10986/5656 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article |
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Digital Repository |
institution_category |
Foreign Institution |
institution |
Digital Repositories |
building |
World Bank Open Knowledge Repository |
collection |
World Bank |
language |
EN |
topic |
Country and Industry Studies of Trade F140 Transactional Relationships Contracts and Reputation Networks L140 International Linkages to Development Role of International Organizations O190 |
spellingShingle |
Country and Industry Studies of Trade F140 Transactional Relationships Contracts and Reputation Networks L140 International Linkages to Development Role of International Organizations O190 Djankov, Simeon Freund, Caroline Pham, Cong S. Trading on Time |
relation |
http://creativecommons.org/licenses/by-nc-nd/3.0/igo |
description |
We determine how time delays affect trade, using newly collected data on the days it takes to move standard cargo from the factory gate to the ship in 98 countries. We estimate a difference gravity equation and find that each additional day that a product is delayed prior to being shipped reduces trade by more than 1%. Put differently, each day is equivalent to a country distancing itself from its trade partners by about 70 km on average. We also find that delays have a relatively greater impact on exports of time-sensitive goods, such as perishable agricultural products. |
format |
Journal Article |
author |
Djankov, Simeon Freund, Caroline Pham, Cong S. |
author_facet |
Djankov, Simeon Freund, Caroline Pham, Cong S. |
author_sort |
Djankov, Simeon |
title |
Trading on Time |
title_short |
Trading on Time |
title_full |
Trading on Time |
title_fullStr |
Trading on Time |
title_full_unstemmed |
Trading on Time |
title_sort |
trading on time |
publishDate |
2012 |
url |
http://hdl.handle.net/10986/5656 |
_version_ |
1764395837606068224 |