Title :

International transport costs: New findings from modeling additive costs

Author(s) :

Daudin, Guillaume [Auteur]
Laboratoire d'Economie de Dauphine [LEDa]
Observatoire français des conjonctures économiques (Sciences Po) [OFCE]
Développement, institutions et analyses de long terme [DIAL]
Hericourt, Jérôme [Auteur]
Lille économie management - UMR 9221 [LEM]
Centre d'Etudes Prospectives et d'Informations Internationales [CEPII]
Patureau, Lise [Auteur]
Laboratoire d'Economie de Dauphine [LEDa]

Journal title :

Journal of Economic Geography

Publisher :

Oxford University Press (OUP): Policy F

Publication date :

2022-05-05

ISSN :

1468-2702

Keyword(s) :

Transport Costs Estimates
Non-linear Econometrics
Additive Costs
Trade Composition Effects

HAL domain(s) :

Économie et finance quantitative [q-fin]
Sciences de l'Homme et Société/Economies et finances

English abstract : [en]

This paper investigates the pattern of international transport costs over time, using information contained in the US imports flows over 1974-2013. First, we document the importance of the per-unit (additive) component of ...
Show more >This paper investigates the pattern of international transport costs over time, using information contained in the US imports flows over 1974-2013. First, we document the importance of the per-unit (additive) component of transport costs. We thus find that additive costs are quantitatively sizable, representing between one third and one half of overall transport costs. Second, we identify the respective roles of the reduction in "pure'' transport costs and trade composition effects in the downward trend of international transport costs, in the same spirit as Hummels (2007). Unlike him, we find that trade composition effects do not matter much and, when they do, they tend to amplify (rather than reduce) the decrease in pure transport costs. Importantly, this difference of results can be attributed to the new way of modeling the per-unit component of transport costs we offer. In both aspects, our results point to the importance of the additive component in accounting for international transport costs.Show less >

Language :

Anglais

Peer reviewed article :

Oui

Audience :

Internationale

Popular science :

Non

Collections :

• Lille Économie Management (LEM) - UMR 9221

Source :

Harvested from HAL