Similar Search Results

Delayed Creative Destruction : How Uncertainty Shapes Corporate Assets

Campello, Murillo; Kankanhalli, Gaurav; Kim, Hyunseob - National Bureau of Economic Research - 2021

We show how uncertainty shapes the asset allocation, composition, productivity, and value of capital-intensive firms … of ships. Firms curtail both the acquisition and disposal of vessels in response to heightened uncertainty. The mechanism …-defined shipping sectors to corroborate our findings. Critically, uncertainty prompts firms to concentrate their fleets into narrower …

Persistent link: https://www.econbiz.de/10012585455

Externalities of Policy-Induced Scrappage : The Case of Automotive Regulations

Forsythe, Connor R.; Jha, Akshaya; Michalek, Jeremy J.; … - National Bureau of Economic Research - 2022

Many transportation policies indirectly affect vehicle travel and resulting externalities by inducing changes in vehicle scrappage rates. We leverage the staggered removal of state-level safety inspection programs across the United States within an instrumental variables (IV) framework to...

Persistent link: https://www.econbiz.de/10013435108

War in Iraq versus Containment

Davis, Steven J. - 2006

According to our analysis, pre-invasion views about the likely course of the Iraq intervention imply present value costs for the United States in the range of $100 to $870 billion. Our estimated present value cost for the containment policy is nearly $300 billion and ranges upward to $700...

Persistent link: https://www.econbiz.de/10012466576

The Causal Effects of Global Supply Chain Disruptions on Macroeconomic Outcomes : Evidence and Theory

Bai, Xiwen; Fernández-Villaverde, Jesús; Li, Yiliang; … - National Bureau of Economic Research - 2024

We study the causal effects and policy implications of global supply chain disruptions. We construct a new index of supply chain disruptions from the mandatory automatic identification system data of container ships, developing a novel spatial clustering algorithm that determines real-time...

Persistent link: https://www.econbiz.de/10014486190

Collusive Investments in Technological Compatibility : Lessons from U.S. Railroads in the Late 19th Century

Gross, Daniel P. - 2019

Collusion is widely condemned for its negative effects on consumer welfare and market efficiency. In this paper, I show that collusion may also in some cases facilitate the creation of unexpected new sources of value. I bring this possibility into focus through the lens of a historical episode...

Persistent link: https://www.econbiz.de/10012480205

The Geopolitics of International Trade in Southeast Asia

Coşar, Kerem - 2020

Motivated by the historically tense geopolitical situation in Southeast Asia, we simulate the potential closure of key maritime waterways in the region to predict the impact on trade and welfare. We generate initial (unobstructed) and counterfactual (rerouted) least-cost maritime paths between...

Persistent link: https://www.econbiz.de/10012482267

Global Trade and the Maritime Transport Revolution

Jacks, David S. - 2008

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...

Persistent link: https://www.econbiz.de/10012464507

The Trade Reducing Effects of Market Power in International Shipping

Hummels, David - 2007

Developing countries pay substantially higher transportation costs than developed nations, which leads to less trade and perhaps lower incomes. This paper investigates price discrimination in the shipping industry and the role it plays in determining transportation costs. In the presence of...

Persistent link: https://www.econbiz.de/10012465742

Port Efficiency, Maritime Transport Costs and Bilateral Trade

Clark, Ximena - 2004

Recent literature has emphasized the importance of transport costs and infrastructure in explaining trade, access to markets, and increases in per capita income. For most Latin American countries, transport costs are a greater barrier to U.S. markets than import tariffs. We investigate the...

Persistent link: https://www.econbiz.de/10012468340

Freight Rates and Productivity Gains in British Tramp Shipping 1869-1950

Mohammed, Saif I. Shah - 2003

The standard source for pre-WWII global freight rate trends is the Isserlis British tramp shipping index. We think it is flawed, and that its sources offer vastly more information than the Isserlis aggregate contains. The new data confirm the precipitous decline in nominal freight rates before...

Persistent link: https://www.econbiz.de/10012469171

1
2
3
4
5
6
7
8
9
10
Next
Last