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GTAP Resource #2762

"Impacts of Better Trade Facilitation in Developing Countries: Analysis with a New GTAP Database for the Value of Time in Trade"
by Minor, Peter and Marinos Tsigas

The scarce resource of time has seen only limited applications in CGE analysis. Accounting for country and commodity variability of the value of time to trade across borders, we find that: 1) trade facilitation can be an important path for Sub-Saharan African countries to diversify their exports toward higher value added products and away from volatile commodity products; 2) the benefits to early movers in reducing their lead times can be reduced as other countries close the lead time “gap”; and 3) the structure of a country’s or region’s trade and production often plays a critical role in determining the impact of reducing time to trade across borders. An important output of this research is a database of bilateral, ad valorem per day time costs to cross borders at the GTAP country and sector level. The bilateral database extends and updates earlier estimates of the per day value of time as calculated by Hummels (2001).

Resource Details (Export Citation) GTAP Keywords
Category: 2008 Conference Paper
Status: Published
By/In: Presented at the 11th Annual Conference on Global Economic Analysis, Helsinki, Finland
Date: 2008
Created: Minor, P. (4/15/2008)
Updated: Minor, P. (7/17/2008)
Visits: 5,441
- Economic growth
- Economic development
- The GTAP Data Base and extensions
- Africa (Central)
- Africa (East)
- Africa (West)vAfrica (Southern)

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