Brancaccio, Giulia; Kalouptsidi, Myrto; Papageorgiou, … - National Bureau of Economic Research - 2024
Transportation infrastructure is vital for the smooth functioning of international trade. Ports are a crucial gateway … infrastructure to alleviate these costs, a key policy question emerges: in a world with high volatility, what are the returns to … investing in infrastructure? To address this question, we introduce an empirical framework that combines insights from queueing …