G2TT
来源类型Discussion paper
规范类型论文
来源IDDP12141
DP12141 Geography, Search Frictions and Endogenous Trade Costs
Myrto Kalouptsidi; Theodore Papageorgiou; Giulia Brancaccio
发表日期2017-07-12
出版年2017
语种英语
摘要We leverage detailed data on vessel movements and shipping contracts to shed new light on world trade costs and trade flows. The data reveal new facts about shipping patterns, and motivate us to build a framework modeling the behavior of exporters and ships. Our framework has two novel features: (i) trade costs are endogenous and determined jointly with trade flows; as a result, they depend on the entire network of countries; (ii) search frictions between exporters and ships can limit trade. We estimate the model and recover flexibly the matching process between ships and exporters. Endogenous trade costs provide a novel link to understand trade patterns and we showcase this by considering the impact of (i) an improvement in shipping efficiency; (ii) a slow-down in China; (iii) the opening of the Northwest Passage; (iv) search frictions.
主题Industrial Organization ; International Trade and Regional Economics ; Macroeconomics and Growth
关键词Geography Trade costs Matching function estimation Trade flows Transportation Shipping Search frictions Trade imbalances
URLhttps://cepr.org/publications/dp12141
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/540952
推荐引用方式
GB/T 7714
Myrto Kalouptsidi,Theodore Papageorgiou,Giulia Brancaccio. DP12141 Geography, Search Frictions and Endogenous Trade Costs. 2017.
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