 All aboard: The effects of port developmentCésar Ducruet, Réka Juhász, Dávid Krisztián Nagy and Claudia Steinwender Journal of International Economics, 2024, vol. 151, issue C Abstract: Seaports facilitate the fast flow of goods across space, but ports also entail local costs borne by host cities. We use the introduction of containerized shipping to explore the effects of port development. At the local level, we find that seaport development increases city population by making a city more attractive, but this market access effect is offset by costs which make the city less attractive. At the aggregate level, we find that the local costs associated with port development are heterogeneous across cities and reduce aggregate welfare gains. Net of the costs, our results suggest that containerization in seaports increased world welfare by 3.4%. Keywords: Ports; Containerization; Quantitative economic geography; Endogenous trade costs (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:inecon:v:151:y:2024:i:c:s0022199624000904 DOI: 10.1016/j.jinteco.2024.103963 Access Statistics for this article Journal of International Economics is currently edited by Gourinchas, Pierre-Olivier and RodrÃguez-Clare, Andrés More articles in Journal of International Economics from Elsevier |
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