Infraestructuras, desventajas geograficas, costes de transporte y comercio.
The authors of the present article use different data sets to explore the dependence of transport costs on geography and infrastructure, recognizing the latter to be a foremost determinant of transport costs, particularly in landlocked countries. Their analysis of bilateral trade data confirms the i...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | Spanish; Castilian |
| Published: |
2007
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| Summary: | The authors of the present article use different data sets to explore the dependence of transport costs on geography and infrastructure, recognizing the latter to be a foremost determinant of transport costs, particularly in landlocked countries. Their analysis of bilateral trade data confirms the importance of infrastructure and gives an estimate of trade flow elasticity with respect to the trade cost factor of around -3. Infrastructure deterioration from the median to the 75th percentile increases transport costs by 12 percentage points and lowers trade volumes by 28%. An analysis of trade flows in Africa indicates that the continent's relatively low level of trade is largely due to poor infrastructure. |
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