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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

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 … the precipitous decline in nominal freight rates before the World War I, but it also extends the series to the 1940s … transported. Previous scholars have deflated their nominal freight rate indices by a price index that includes tradables not …

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

Waves in Ship Prices and Investment

Greenwood, Robin - 2013

We study the returns to owning dry bulk cargo ships. Ship earnings exhibit a high degree of mean reversion, driven by industry participants' competitive investment responses to shifts in demand. Ship prices are far too volatile given the mean reversion in earnings. We show that high current ship...

Persistent link: https://www.econbiz.de/10012459415

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

Gross, Daniel P. - 2019

national transportation network. Route-level freight traffic data reveal that the gauge change caused a large shift in market …

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

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 …

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

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

Explaining the Border Effect : The Role of Exchange Rate Variability, Shipping Costs, and Geography

Parsley, David C. - 2000

This paper exploits a three-dimensional panel data set of prices on 27 traded goods, over 88 quarters, across 96 cities in the U.S. and Japan. We show that a simple average of good-level real exchange rates tracks the nominal exchange rate well, suggesting strong evidence of sticky prices....

Persistent link: https://www.econbiz.de/10012470907

Indivisibilities in Distribution

Holmes, Thomas J. - 2018

This paper develops and estimates a model of indivisibilities in shipping and economies of scale in consolidation. It uses highly detailed data on imports for which it is possible to observe the contents of individual containers. In the model, a firm is able to adapt to indivisibility...

Persistent link: https://www.econbiz.de/10012453191

Global Energy Outlook 2015

Newell, Richard G. - 2016

This paper assesses trends in the global energy sector through 2040 by harmonizing multiple projections issued by private, government, and inter-governmental organizations based on methods from "Global Energy Outlooks Comparison: Methods and Challenges" (Newell and Qian 2015). These projections...

Persistent link: https://www.econbiz.de/10012456599