International transport costs: new findings ...
Type de document :
Article dans une revue scientifique
DOI :
URL permanente :
Titre :
International transport costs: new findings from modeling additive costs
Auteur(s) :
Daudin, Guillaume [Auteur]
Université Paris Dauphine-PSL
Laboratoire d'Economie de Dauphine [LEDa]
Héricourt, Jérôme [Auteur]
Lille économie management - UMR 9221 [LEM]
Patureau, Lise [Auteur]
Université Paris Dauphine-PSL
Laboratoire d'Economie de Dauphine [LEDa]
Université Paris Dauphine-PSL
Laboratoire d'Economie de Dauphine [LEDa]
Héricourt, Jérôme [Auteur]
Lille économie management - UMR 9221 [LEM]
Patureau, Lise [Auteur]
Université Paris Dauphine-PSL
Laboratoire d'Economie de Dauphine [LEDa]
Titre de la revue :
Journal of Economic Geography
Éditeur :
Oxford University Press (OUP): Policy F
Date de publication :
2022-05-05
ISSN :
1468-2702
Discipline(s) HAL :
Sciences de l'Homme et Société
Sciences de l'Homme et Société/Economies et finances
Sciences de l'Homme et Société/Economies et finances
Résumé en anglais : [en]
Abstract International transport costs do have an additive part. How large is it? Does it matter? This article provides new answers to these questions. Using information contained in the US imports flows from 1974 to 2019, ...
Lire la suite >Abstract International transport costs do have an additive part. How large is it? Does it matter? This article provides new answers to these questions. Using information contained in the US imports flows from 1974 to 2019, we develop an empirical model that disentangles the ad-valorem and the additive components of international transport costs. The per-unit component of transport costs represents a sizeable share of total transport costs, between 30% and 45% depending on the year and the transport mode considered. We then investigate the important consequences of additive costs, under two different perspectives. First, modeling varying additive costs modifies the decomposition of transport costs time trend between the reduction in ‘pure’ transport costs and trade composition effects, the latter playing a minor role. Second, we revisit the welfare gains of the transport cost reduction in presence of additive costs. In this regard, we shed light on the welfare variations induced by the international trade acceleration and the ‘hyper-globalization’, as well as the key role of additive transport costs in determining those welfare variations. Neglecting the additive component substantially underestimates the welfare gains of the transport cost decrease.Lire moins >
Lire la suite >Abstract International transport costs do have an additive part. How large is it? Does it matter? This article provides new answers to these questions. Using information contained in the US imports flows from 1974 to 2019, we develop an empirical model that disentangles the ad-valorem and the additive components of international transport costs. The per-unit component of transport costs represents a sizeable share of total transport costs, between 30% and 45% depending on the year and the transport mode considered. We then investigate the important consequences of additive costs, under two different perspectives. First, modeling varying additive costs modifies the decomposition of transport costs time trend between the reduction in ‘pure’ transport costs and trade composition effects, the latter playing a minor role. Second, we revisit the welfare gains of the transport cost reduction in presence of additive costs. In this regard, we shed light on the welfare variations induced by the international trade acceleration and the ‘hyper-globalization’, as well as the key role of additive transport costs in determining those welfare variations. Neglecting the additive component substantially underestimates the welfare gains of the transport cost decrease.Lire moins >
Langue :
Anglais
Comité de lecture :
Oui
Audience :
Internationale
Vulgarisation :
Non
Collections :
Source :
Date de dépôt :
2022-06-24T02:05:16Z