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Format: Online-Ressource

Series Statement: Policy Research Working Paper 3909

Content: The authors determine how time delays affect international trade using newly collected World Bank data on the days it takes to move standard cargo from the factory gate to the ship in 126 countries. They estimate a modified gravity equation, controlling for endogeneity and remoteness. On average, each additional day that a product is delayed prior to being shipped reduces trade by at least 1 percent. Put differently, each day is equivalent to a country distancing itself from its trade partners by 70 kilometers on average. Delays have an even greater impact on developing country exports and exports of time-sensitive goods, such as perishable agricultural products. In particular, a day's delay reduces a country's relative exports of time-sensitive to time-insensitive agricultural goods by 6 percent.

Note: English

Language: English

URL: Volltext  (kostenfrei)

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Format: Online-Ressource

Content: 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

Note: EN

Language: English

URL: Volltext  (kostenfrei)

URL: kostenfrei

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Format: 1 Online-Ressource

Series Statement: Policy Research Working Paper No. 2378

Content: The authors study the effects of trade barriers and the persistence of past linkages on trade flows in the former Soviet Union. Estimating a gravity equation on trade among and between nine Russian regions and 14 former Soviet republics, they find that Russian regions traded 60 percent more with each other than with republics in the reform period (1994-96). By contrast, the Russian regions did not trade significantly more with each other than with republics in the pre-reform period (1987-90). The results suggest that the bias toward domestic trade in the reform period is primarily the result of tariffs. In addition, past linkages-such as infrastructure, business networks, and production and consumption chains-have limited the reorientation of trade

Note: Armenia , Azerbaijan , Azerbaijan , Belarus , Commonwealth of Independent States , Estonia , Europe and Central Asia , Georgia , Kazakhstan , Kyrgyz Republic , Latvia , Lithuania , Moldova , Russian Federation , Tajikistan , Turkmenistan , Ukraine , Uzbekistan , en_US

Language: English

URL: kostenfrei

URL: kostenfrei

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Format: 1 Online-Ressource

Series Statement: Policy Research Working Paper No. 2450

Content: Using data on mergers and acquisitions involving Korean firms, the authors identify which sectors and firms attracted foreign investment after the liberalization of investment of activity at the end of 1997. They find that domestic acquisitions are similar to foreign acquisitions by sector (of both the target and the acquiring firm), but that international transactions are larger than Korean transactions. This suggests that consolidation is a two-stage process: Firms consolidate first domestically, then internationally. The authors also find that foreign investment is focused on high-value-added sectors, on larger and more profitable firms, on firms with low debt, and on firms that export a large share of output. Their results suggest that growth induces foreign investment

Note: Asia , East Asia , East Asia and Pacific , Korea, Republic of , en_US

Language: English

URL: kostenfrei

URL: kostenfrei