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Transportation Costs and International Trade in the Second Era of Globalization

Datos Bibliográficos

ID4988846
AutoresDavid Hummels (0000-0002-0280-8260, Purdue University, West Lafayette, Indiana., autor de correspondencia)
Año2007
Volumen21
Número3
Páginas131-154
Fecha de publicación2007-07-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaThe Journal of Economic Perspectives (JOURNAL)
Identificadores de la revistaISSN: 0895-3309 • E-ISSN: 1944-7965
EditorialAmerican Economic Association (PUBLISHER • US)
DOI10.1257/jep.21.3.131
OpenAlexW1996537770
IdiomaEN
Citas recibidas128
Referencias citadas19

While the precise causes of postwar 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 brings to bear an eclectic mix of data in order to provide a detailed accounting of the time-series pattern of shipping costs. The ad-valorem impact of ocean shipping costs is not much lower today than in the 1950s, with technological advances largely trumped by adverse cost shocks. In contrast, air shipping costs have dropped an order of magnitude, and airborne trade has grown rapidly as a result. As a result, international trade has also experienced a significant rise in speed

Economics · Globalization · International economics · International trade · Market economy · Defense, Military, and Policy Studies · Fiscal Policy and Economic Growth · Global trade and economics · Finance

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Citas por año7,11
Intervalo de citas2008 - 2026 (19)
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