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Trading on time

Author: Simeon Djankov; Caroline L Freund; Cong S Pham
Publisher: [Washington, D.C.] : World Bank, Development Research Group, Trade Team, [2006]
Series: Policy research working papers, 3909.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Summary:
"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  Read more...
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Additional Physical Format: Print version:
Djankov, Simeon.
Trading on time.
[Washington, D.C.] : World Bank, Development Research Group, Trade Team, [2006]
(OCoLC)70263521
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Simeon Djankov; Caroline L Freund; Cong S Pham
OCLC Number: 647185534
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (39 pages) : illustrations.
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Series Title: Policy research working papers, 3909.
Responsibility: Simeon Djankov, Caroline Freund, Cong S. Pham.

Abstract:

"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."--World Bank web site.

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