The effects of diesel price on regional trade in the USA
Bibliographic Data
| ID | 12694592 |
|---|---|
| Authors | Wojciech W Szewerniak (Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign, 309 Mumford Hall, 1301 West Gregory Drive, Urbana, IL, USA, corresponding author), Yilan Xu (0000-0003-3650-1416, Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign, 309 Mumford Hall, 1301 West Gregory Drive, Urbana, IL, USA), Sandy Dall’erba (0000-0002-1920-6100, University of Illinois Urbana-Champaign) |
| Year | 2018 |
| Volume | 19 |
| Issue | 5 |
| Pages | 1099-1118 |
| Publication date | 2018-10-09 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Economic Geography (JOURNAL) |
| Journal identifiers | ISSN: 1468-2702 • E-ISSN: 1468-2710 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1093/jeg/lby052 |
| OpenAlex | W2901283314 |
| Language | EN |
| Citations received | 3 |
| References cited | 36 |
The abundant trade literature offers little insight on how diesel prices affect intranational trade. We fill this gap by calibrating a structural gravity model to recent U.S. interstate trade data. We discover that, for any distance, the elasticity of trade to diesel prices is much greater for low-valued commodities than for high-valued commodities. The general equilibrium result shows that a nationwide diesel price increase leads to heterogeneous decreases in trade across distances from the exporting state because of adjustments in multilateral costs and trade portfolio. Moreover, it increases the share of high-valued commodities in interstate trade
Diesel fuel · Economics · Financial economics · Gravity model of trade · International economics · International trade · Portfolio · Trade barrier · Economics of Agriculture and Food Markets · Engineering · Global trade and economics · Monetary Policy and Economic Impact
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| Citations per year | 1 |
|---|---|
| Citation span | 2023 - 2026 (4) |
| Highly cited | No |