Les transactions de la mondialisation

Guillaume Daudin

Revue de l'OFCE, 2005, vol. 92, issue 1, 221-262

Abstract: This paper studies the aggregate sum of transaction costs paid in world trade. In the first part, it presents the different methods of computing transaction costs, based on national accounts, price studies or movement of goods. All suggest that transaction costs are considerable. Gravity equations are the most reliable of the tools available, yet they allow only the computation of their value relative to other trade costs. In the second part, the paper studies the historical evolution of transaction costs. Gravity equations do not provide many clues on this subject. The evolution of transaction inputs indicates that transaction costs associated with an unchanging exchange have declined. However the study of the type of goods traded and of the partners and channels of exchange shows that this movement was counterbalanced by the increasing prevalence of high-transaction cost exchanges in world trade. JEL Codes : F1, N7, L8.

JEL-codes: F1 L8 N7 (search for similar items in EconPapers)
Date: 2005
References: Add references at CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=REOF_092_0221 (application/pdf)
http://www.cairn.info/revue-de-l-ofce-2005-1-page-221.htm (text/html)
free

Related works:
Working Paper: Les transactions de la mondialisation (2005)
Working Paper: Les transactions de la mondialisation (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:reofsp:reof_092_0221

Access Statistics for this article

More articles in Revue de l'OFCE from Presses de Sciences-Po
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().