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The survey on international freight rates in Italy: methods and results

Enrico Pastori (), Miriam Tagliavia, Enrico Tosti () and Simonetta Zappa ()
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Enrico Pastori: TRT Trasporti e Territorio srl
Simonetta Zappa: Banca d'Italia

No 223, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: The paper describes the methodology and the main results of the sample survey on international merchandise transport that the Bank of Italy has carried out since 1999, with a reconstruction of the aggregate time series to 1989. We have obtained information on the different transport modes from several sources and used interviews with operators to estimate freight rates according to the structure of the reference market. Foreign and Italian transporters� market shares of import and export volumes are estimated on the basis of the sample data and administrative records. We then break down foreign trade data by transport mode to take account of the structural overestimation of road haulage. We perform a quantitative analysis of the possible determinants of freight rates and compare the results with those available in the literature. The relationship between trade flows, transport distance and costs is estimated using a gravitational model

Keywords: Freight; transportation; transportation modes; international trade; trade elasticity; gravity model. (search for similar items in EconPapers)
JEL-codes: F19 L91 R41 (search for similar items in EconPapers)
Date: 2014-09
New Economics Papers: this item is included in nep-eur, nep-int and nep-tre
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