How transport costs depend on infrastructure?
The real costs of trade, the transport and other costs of doing business internationally, are very important determinants of a country's ability to participate fully in the world economy. Remoteness and poor transport and communications infrastructure isolate countries, inhibiting their partici...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Emerald Publishing
2003-12-01
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| Series: | Journal of International Logistics and Trade |
| Online Access: | https://www.emerald.com/insight/content/doi/10.24006/jilt.2003.1.1.129/full/pdf |
| _version_ | 1797611847100137472 |
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| author | Hyung Do Ahn Hong Shik Lee |
| author_facet | Hyung Do Ahn Hong Shik Lee |
| author_sort | Hyung Do Ahn |
| collection | DOAJ |
| description | The real costs of trade, the transport and other costs of doing business internationally, are very important determinants of a country's ability to participate fully in the world economy. Remoteness and poor transport and communications infrastructure isolate countries, inhibiting their participation in global production networks. This paper investigates the dependence of transport costs on geography and infrastructure It shows that infrastructure is quantitatively important in determining transport costs, and improvements in infrastructure can dramatically increase trade flows. It also finds that the low level of Northeast Asian countries' trade flows is largely due to poor infrastructure. Competition among countries in East Asia to maintain or become a logistic hub in the region is severe. This is reflected in the competition to build or expand airports and seaports in the region. Competing countries need to find ways of cooperating to achieve an efficient resource allocation in the region as a whole. |
| first_indexed | 2024-03-11T06:33:27Z |
| format | Article |
| id | doaj.art-e813c37c483549e8b267834048900cc6 |
| institution | Directory Open Access Journal |
| issn | 1738-2122 2508-7592 |
| language | English |
| last_indexed | 2024-03-11T06:33:27Z |
| publishDate | 2003-12-01 |
| publisher | Emerald Publishing |
| record_format | Article |
| series | Journal of International Logistics and Trade |
| spelling | doaj.art-e813c37c483549e8b267834048900cc62023-11-17T11:03:31ZengEmerald PublishingJournal of International Logistics and Trade1738-21222508-75922003-12-011112914310.24006/jilt.2003.1.1.129How transport costs depend on infrastructure?Hyung Do Ahn0Hong Shik Lee11Research Fellow and Director, Center for Northeast Asian Economic Cooperation, Korea Institute for International Economic Policy, Seoul, Korea2Associate Research Fellow, Korea Institute for International Economic Policy, Seoul, KoreaThe real costs of trade, the transport and other costs of doing business internationally, are very important determinants of a country's ability to participate fully in the world economy. Remoteness and poor transport and communications infrastructure isolate countries, inhibiting their participation in global production networks. This paper investigates the dependence of transport costs on geography and infrastructure It shows that infrastructure is quantitatively important in determining transport costs, and improvements in infrastructure can dramatically increase trade flows. It also finds that the low level of Northeast Asian countries' trade flows is largely due to poor infrastructure. Competition among countries in East Asia to maintain or become a logistic hub in the region is severe. This is reflected in the competition to build or expand airports and seaports in the region. Competing countries need to find ways of cooperating to achieve an efficient resource allocation in the region as a whole.https://www.emerald.com/insight/content/doi/10.24006/jilt.2003.1.1.129/full/pdf |
| spellingShingle | Hyung Do Ahn Hong Shik Lee How transport costs depend on infrastructure? Journal of International Logistics and Trade |
| title | How transport costs depend on infrastructure? |
| title_full | How transport costs depend on infrastructure? |
| title_fullStr | How transport costs depend on infrastructure? |
| title_full_unstemmed | How transport costs depend on infrastructure? |
| title_short | How transport costs depend on infrastructure? |
| title_sort | how transport costs depend on infrastructure |
| url | https://www.emerald.com/insight/content/doi/10.24006/jilt.2003.1.1.129/full/pdf |
| work_keys_str_mv | AT hyungdoahn howtransportcostsdependoninfrastructure AT hongshiklee howtransportcostsdependoninfrastructure |