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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w14139 |
来源ID | Working Paper 14139 |
Global Trade and the Maritime Transport Revolution | |
David S. Jacks; Krishna Pendakur | |
发表日期 | 2008-06-27 |
出版年 | 2008 |
语种 | 英语 |
摘要 | What is the role of transport improvements in globalization? We argue that the nineteenth century is the ideal testing ground for this question: freight rates fell on average by 50% while global trade increased 400% from 1870 to 1913. We estimate the first indices of bilateral freight rates for the period and directly incorporate these into a standard gravity model. We also take the endogeneity of bilateral trade and freight rates seriously and propose an instrumental variables approach. The results are striking as we find no evidence that the maritime transport revolution was the primary driver of the late nineteenth century global trade boom. Rather, the most powerful forces driving the boom were those of income growth and convergence. |
主题 | International Economics ; Trade ; International Macroeconomics ; History ; Other History |
URL | https://www.nber.org/papers/w14139 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/571814 |
推荐引用方式 GB/T 7714 | David S. Jacks,Krishna Pendakur. Global Trade and the Maritime Transport Revolution. 2008. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w14139.pdf(231KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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