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We quantify the effect of container technology on transport costs and trade by estimating the modal choice between … containerization and breakbulk shipping using micro-level trade data. The model is motivated by novel facts that relate container usage … to shipment, destination and firm characteristics. We find container transport to have a higher first-mile cost and a …
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trade relies on container shipping. This paper introduces a new monthly index of the volume of container trade to and from …%. The difference is mainly accounted for by unexpected reductions in frictions in the container shipping market. …
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