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. We use US imports data that provide rich variation in the premium paid for air shipping and in time lags for ocean … transit to identify these parameters and extract consumer's valuation of time. By exploiting variation across US entry coasts …. We estimate that each day in transit is equivalent to an ad-valorem tariff of 0.6 to 2.3 percent and that the most time …
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This paper investigates whether the relatedness of populations across the world shapes international trade flows. Using data on common ancestry for 172 countries covering more than 99% of global trade, we document that country pairs with a larger ancestral distance are less likely to trade with...
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