Transportation Costs and International Trade in the Second Era of Globalization
Bibliographic Data
| ID | 4988846 |
|---|---|
| Authors | David Hummels (0000-0002-0280-8260, Purdue University, West Lafayette, Indiana., corresponding author) |
| Year | 2007 |
| Volume | 21 |
| Issue | 3 |
| Pages | 131-154 |
| Publication date | 2007-07-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0895-3309 • E-ISSN: 1944-7965 |
| Publisher | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/jep.21.3.131 |
| OpenAlex | W1996537770 |
| Language | EN |
| Citations received | 128 |
| References cited | 19 |
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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| Unique citing works | 128 |
|---|---|
| Citations per year | 7,11 |
| Citation span | 2008 - 2026 (19) |
| Citation velocity | current |
| Highly cited | Yes |
| Citation types | Neutral: 117 |