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Port Efficiency, Maritime Transport Costs and Bilateral Trade
Clark, Ximena - 2004
determinant of shipping costs. Improving port efficiency from the 25th to the 75th percentile reduces shipping costs by 12 percent … explain variations in port efficiency and find that they are linked to excessive regulation, the prevalence of organized crime …
Persistent link: https://www.econbiz.de/10012468340
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How to Auction an Essential Facility When Underhand Integration is Possible
Engel, Eduardo M.R.A. - 2001
There are many industries in which potentially competitive segments require services provided by natural monopoly bottlenecks (essential facilities). Since it is difficult to regulate these facilities, developing countries are using Demsetz auctions, where the facility is awarded to the firm...
Persistent link: https://www.econbiz.de/10012470580
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Investment in Infrastructure and Trade : The Case of Ports
Brancaccio, Giulia; Kalouptsidi, Myrto; Papageorgiou, … - National Bureau of Economic Research - 2024
theory to capture port technology, with tools from demand estimation. We use our framework, together with a collection of … unveils three policy-relevant messages: (i) investing in port infrastructure can lead to substantial trade and welfare gains …) there are sizable spillovers across ports, as investing in one port can decongest a wider set of ports, suggesting that …
Persistent link: https://www.econbiz.de/10014544781
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Identifying Agglomeration Shadows : Long-run Evidence from Ancient Ports
Hornbeck, Richard; Michaels, Guy; Rauch, Ferdinand - National Bureau of Economic Research - 2024
We examine "agglomeration shadows" that emerge around large cities, which discourage some economic activities in nearby areas. Identifying agglomeration shadows is complicated, however, by endogenous city formation and "wave interference" that we show in simulations. We use the locations of...
Persistent link: https://www.econbiz.de/10014576663
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The US Economic Model at Y2K : Lodestar for Advanced Capitalism?
Freeman, Richard B. - 2000
The 1990s economic performance of the US suggests that the country may have the right mix of institutions and policies to be the peak capitalist economy in the new information economy. This paper develops criterion for judging peak status and examines whether the US fulfills these criterion. The...
Persistent link: https://www.econbiz.de/10012470993
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The Transition Economies After Ten Years
Fischer, Stanley - 2000
While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery that followed has varied widely across these countries. The contrast between the more and less successful transitions, the latter largely in the former Soviet Union, raises many...
Persistent link: https://www.econbiz.de/10012471103
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Economic Conditions, Deterrence and Juvenile Crime : Evidence from Micro Data
Mocan, H. Naci - 1999
This is the first paper to test the economic model of crime for juveniles using micro data. It uses a nationally representative sample of 16,478 high school children surveyed in 1995. The sample includes not only detailed information on offenses, but also data on personal, family and...
Persistent link: https://www.econbiz.de/10012471380
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Interest Rate Skewness and Biased Beliefs
Bauer, Michael D.; Chernov, Mikhail - National Bureau of Economic Research - 2021
Conditional yield skewness is an important summary statistic of the state of the economy. It exhibits pronounced variation over the business cycle and with the stance of monetary policy, and a tight relationship with the slope of the yield curve. Most importantly, variation in yield skewness has...
Persistent link: https://www.econbiz.de/10012585438
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Tracking Weekly State-Level Economic Conditions
Baumeister, Christiane; Leiva-Leon, Danilo; Sims, Eric R. - National Bureau of Economic Research - 2021
In this paper, we develop a novel dataset of weekly economic conditions indices for the 50 U.S. states going back to 1987 based on mixed-frequency dynamic factor models with weekly, monthly, and quarterly variables that cover multiple dimensions of state economies. We show that there is...
Persistent link: https://www.econbiz.de/10012599293
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Estimating General Equilibrium Spillovers of Large-Scale Shocks
Huber, Kilian - National Bureau of Economic Research - 2022
Large-scale financial and macroeconomic shocks directly affect some firms and households and indirectly impact others through general equilibrium spillovers. In this paper, I describe how researchers can estimate spillovers directly using quasi-experimental or experimental variation. I then...
Persistent link: https://www.econbiz.de/10013191002