Estimating The Effects of the Container Revolution on World Trade

Daniel Bernhofen (), Zouheir El-Sahli and Richard Kneller

No 2013-02, Discussion Papers from University of Nottingham, GEP

Abstract: We quantify the effects of the container revolution on a large panel of product level trade flows during 1962-1990. We exploit time and cross-sectional variation in countries’ first adoption of container facilities to construct a time-varying bilateral container technology variable and estimate its effects on trade in the panel. On North-North trade, the cumulative average treatment effects of containerization over a 20 year time period amount to about 700%, can be interpreted as causal and are larger than the standard policy liberalization variables. In a nutshell, we provide the first econometric evidence for containerization to be a driver of 20th century economic globalization.

Keywords: containerization; 20th century global transportation infrastructure. (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-tre
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Citations: View citations in EconPapers (28)

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Related works:
Journal Article: Estimating the effects of the container revolution on world trade (2016)
Working Paper: Estimating the Effects of the Container Revolution on World Trade (2013)
Working Paper: Estimating the Effects of the Container Revolution on World Trade (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:not:notgep:13/02

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