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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
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
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
groups. We exploit quasi-random variation in vessels in port from weather events far out in the ocean to estimate how port … traffic influences air pollution and human health. We find that one additional vessel in a port over a year leads to 3 ….0 hospital visits per thousand Black residents within 25 miles of the port and only 1.0 per thousand for whites. We assess a port …
Persistent link: https://www.econbiz.de/10012599398
that allows one to compare port efficiency measures of any kind across ports and, especially, over time. This paper … provides a new statistical method of uncovering port efficiency measures using U.S. Census data on imports into U.S. ports … evolution of port efficiencies over time and its effects on international trade flows and country-level growth …
Persistent link: https://www.econbiz.de/10012466617
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
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
Mankiw [1982] explores the Permanent Income Hypothesis implication that durable expenditures follow an ARMA(1,1) representation. He finds that durable expenditures are represented by an AR(1) process which implies that the rate of depreciation of durables, under the PIH model, is 100%. This...
Persistent link: https://www.econbiz.de/10012470965
In 1997, France T‚l‚com, the state-owned French telephone company, went through a partial privatization. The government … offered current and prior France T‚l‚com employees the opportunity to buy portfolios of shares with various combinations of …
Persistent link: https://www.econbiz.de/10012471078
In the twenty-first century many of the professional and high ranking managerial workers in the United States and in other OECD countries will be women. This change in women's social and economic status represents a dramatic break with the past, but one that can only be understood by looking to...
Persistent link: https://www.econbiz.de/10012471162