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containerization and breakbulk shipping using micro-level trade data. The model is motivated by novel facts that relate container usage …, the box decreases variable shipping costs between 16 to 22 percent. The box explains a significant amount of the global …
Persistent link: https://www.econbiz.de/10011597265
The international shipping sector is a vital part of the global trading system but also a large emitter of carbon … dioxide emissions. In the absence of a multilateral carbon policy for the shipping sector, different countries are starting to … framework emphasizes the role of transport providers which allocate clean and dirty vessels to shipping routes and thereby …
Persistent link: https://www.econbiz.de/10015323432
Hamilton (2018) suggests that the Kilian (2009) index of global real economic activity is misleading and calls for alternative measures. The problem documented by Hamilton is a consequence of a coding mistake. Specifically, the index of nominal freight rates underlying the Kilian index was...
Persistent link: https://www.econbiz.de/10011958840
incorporating route choice by exporters within a Ricardian setting. We use the model to estimate trade costs on each shipping leg …
Persistent link: https://www.econbiz.de/10012197550
Using a novel dataset, we develop a structural model of the Very Large Crude Carrier (VLCC) market between the Arabian Gulf and the Far East. We study how fluctuations in oil tanker rates, oil exports, shipowner profits, and bunker fuel prices are determined by shocks to the supply and demand...
Persistent link: https://www.econbiz.de/10012223879
responses that underpin them. Here, we combine theory and a unique geospatial dataset combining more than 25 million shipping … behaviour and aggregate transportation cost, as well as its environmental impact, with major implications for the shipping …
Persistent link: https://www.econbiz.de/10014521173
international and internal trade with port and road infrastructure to assess the relative importance of ports versus roads in … elasticity of route switching governs the relative gains from port vs road improvements. I find that returns of improving ports …What determines the relative gains from improving different parts of a transportation network? Ports and roads are key …
Persistent link: https://www.econbiz.de/10015074610
This paper investigates the role of shipping costs in global crude oil and refined petroleum markets and their effects … Tanker Index (BCTI) as measures of the cost of shipping crude oil and refined petroleum commodities, respectively. The … results suggest that shocks to the cost of shipping petroleum commodities have a particularly severe negative impact on real …
Persistent link: https://www.econbiz.de/10015158099
$ 3-to-1. The estimation results also suggest that existing frameworks that emphasize shipping frequency and the formation …
Persistent link: https://www.econbiz.de/10012643557
container ship port calls. We find that local disruptions to domestic demand reduced import quantities, while local disruptions …
Persistent link: https://www.econbiz.de/10015057719