GTAP Resources: Resource Display
|GTAP Resource #1158|
"Have International Transportation Costs Declined?"
by Hummels, David
While the precise causes of post-war trade growth are not well understood, declines in transport costs top the lists of usual suspects. However, there is remarkably little systematic evidence documenting the decline. This paper provides a detailed accounting of the time-series pattern of shipping costs. Direct evidence from an eclectic mix of data shows that ocean freight rates have increased while air freight rates have declined rapidly. Indirect evidence suggests that the cost of overland transport has declined relative to ocean transport. For all modes, the freight costs associated with increased distance have declined. Data on the changing composition of trade are broadly consistent with these changes in relative prices.
|Resource Details (Export Citation)||GTAP Keywords|
|No keywords have been specified.|
If you have trouble accessing any of the attachments below due to disability, please contact the authors listed above.
Trade Costs (155.5 KB) Replicated: 0 time(s)
No documents have been attached.
No instructions have been specified.
|Comments (0 posted)|
You must log in before entering comments.
No comments have been posted.