Replication data for: Time as a Trade Barrier
Principal Investigator(s): View help for Principal Investigator(s) David L. Hummels; Georg Schaur
Version: View help for Version V1
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| forAER | 10/11/2019 07:19:PM | ||
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Project Citation:
Hummels, David L., and Schaur, Georg. Replication data for: Time as a Trade Barrier. Nashville, TN: American Economic Association [publisher], 2013. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112686V1
Project Description
Summary:
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A large and growing share of world trade travels by air. We model
exporters' choice between fast, expensive air cargo and slow, cheap
ocean cargo, which depends on the price elasticity of demand and
the value that consumers attach to fast delivery. We use US imports
data that provide rich variation in the premium paid for air shipping
and in time lags for ocean transit to extract consumers' valuation
of time. We estimate that each day in transit is equivalent to an advalorem
tariff of 0.6 to 2.1 percent. The most time-sensitive trade
flows involve parts and components trade.
Scope of Project
JEL Classification:
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F13 Trade Policy; International Trade Organizations
F14 Empirical Studies of Trade
L93 Air Transportation
F13 Trade Policy; International Trade Organizations
F14 Empirical Studies of Trade
L93 Air Transportation
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