Global trade and the maritime transport revolution:
"What is the role of transport improvements in globalization? We argue that the nineteenth century is the ideal testing ground for this question: freight rates fell on average by 50% while global trade increased 400% from 1870 to 1913. We estimate the first indices of bilateral freight rates fo...
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
National Bureau of Economic Research
2008
|
| Series: | Working paper series / National Bureau of Economic Research
14139 |
| Online Access: | Volltext |
| Summary: | "What is the role of transport improvements in globalization? We argue that the nineteenth century is the ideal testing ground for this question: freight rates fell on average by 50% while global trade increased 400% from 1870 to 1913. We estimate the first indices of bilateral freight rates for the period and directly incorporate these into a standard gravity model. We also take the endogeneity of bilateral trade and freight rates seriously and propose an instrumental variables approach. The results are striking as we find no evidence that the maritime transport revolution was the primary driver of the late nineteenth century global trade boom. Rather, the most powerful forces driving the boom were those of income growth and convergence"--National Bureau of Economic Research web site |
| Physical Description: | 42 S. graph. Darst. 22 cm |
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| id | DE-604.BV023594017 |
| illustrated | Illustrated |
| index_date | 2024-07-02T22:41:32Z |
| indexdate | 2024-07-09T21:25:16Z |
| institution | BVB |
| language | English |
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| physical | 42 S. graph. Darst. 22 cm |
| publishDate | 2008 |
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| publisher | National Bureau of Economic Research |
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| series2 | Working paper series / National Bureau of Economic Research |
| spelling | Jacks, David S. 1975- Verfasser (DE-588)131528688 aut Global trade and the maritime transport revolution David S. Jacks ; Krishna Pendakur Cambridge, Mass. National Bureau of Economic Research 2008 42 S. graph. Darst. 22 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 14139 "What is the role of transport improvements in globalization? We argue that the nineteenth century is the ideal testing ground for this question: freight rates fell on average by 50% while global trade increased 400% from 1870 to 1913. We estimate the first indices of bilateral freight rates for the period and directly incorporate these into a standard gravity model. We also take the endogeneity of bilateral trade and freight rates seriously and propose an instrumental variables approach. The results are striking as we find no evidence that the maritime transport revolution was the primary driver of the late nineteenth century global trade boom. Rather, the most powerful forces driving the boom were those of income growth and convergence"--National Bureau of Economic Research web site Pendakur, Krishna Verfasser aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 14139 (DE-604)BV002801238 14139 http://papers.nber.org/papers/w14139.pdf kostenfrei Volltext |
| spellingShingle | Jacks, David S. 1975- Pendakur, Krishna Global trade and the maritime transport revolution |
| title | Global trade and the maritime transport revolution |
| title_auth | Global trade and the maritime transport revolution |
| title_exact_search | Global trade and the maritime transport revolution |
| title_exact_search_txtP | Global trade and the maritime transport revolution |
| title_full | Global trade and the maritime transport revolution David S. Jacks ; Krishna Pendakur |
| title_fullStr | Global trade and the maritime transport revolution David S. Jacks ; Krishna Pendakur |
| title_full_unstemmed | Global trade and the maritime transport revolution David S. Jacks ; Krishna Pendakur |
| title_short | Global trade and the maritime transport revolution |
| title_sort | global trade and the maritime transport revolution |
| url | http://papers.nber.org/papers/w14139.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT jacksdavids globaltradeandthemaritimetransportrevolution AT pendakurkrishna globaltradeandthemaritimetransportrevolution |