Trade Facilitation and Economic Development : New Approach to Quantifying the Impact

Trade Facilitation and Economic Development : New Approach to Quantifying the Impact

This article analyzes the relationship between trade facilitation and trade flows in the Asia Pacific region. Country specific data for port efficiency, customs environment, regulatory environment, and e-business usage are used to construct indicat...

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Bibliographic Details
Main Authors: Wilson, John S., Mann, Catherine L., Otsuki, Tsunehiro
Format: Journal Article
Language:English
en_US
Published: Washington, DC: World Bank 2014
Subjects:
ABSOLUTE VALUE
AD VALOREM
AIR TRANSPORT
APPLIED TARIFF
AVERAGE TRADE
BARRIERS TO TRADE
BENEFITS OF TRADE
BENEFITS OF TRADE FACILITATION
BILATERAL TRADE
BORDER TRADE
COMMODITIES
COMMODITY
CONSTANT ELASTICITY OF SUBSTITUTION
COST SAVINGS
CUSTOMS
CUSTOMS ADMINISTRATION
CUSTOMS PROCEDURES
ECONOMIC ACTIVITY
ECONOMIC DEVELOPMENT
ECONOMIC INTEGRATION
ECONOMIC POLICY
ECONOMICS
ELASTICITIES
ELASTICITY OF TRADE
EMPIRICAL RESEARCH
EMPIRICAL STUDIES
ENVIRONMENTAL
ENVIRONMENTAL REGULATIONS
ENVIRONMENTS
EQUILIBRIUM
EXPORT PERMITS
EXPORT PRICES
EXPORTERS
EXPORTS
FOREIGN TRADE
FREE TRADE
FREE TRADE AGREEMENT
GENERAL EQUILIBRIUM
GLOBAL COMPETITIVENESS
GLOBAL TRADE
GLOBAL TRADE ANALYSIS
GRAVITY EQUATION
GRAVITY MODEL
GRAVITY MODELS
GROSS DOMESTIC PRODUCT
GROSS NATIONAL PRODUCT
IMPORT BARRIERS
IMPORT PRICES
IMPORTS
INTERMEDIATE GOODS
INTERNATIONAL COMMERCE
INTERNATIONAL ECONOMICS
INTERNATIONAL FINANCE
INTERNATIONAL STANDARDS
INTERNATIONAL TRADE
INTERNATIONAL TRADE COMMISSION
INTERNATIONAL TRANSPORT
MANUFACTURING
MEASURE OF TRADE
METALS
MOST FAVORED NATION
POLICY DECISIONS
PORT INFRASTRUCTURE
PREFERENTIAL RATES
PREFERENTIAL TRADE
PREFERENTIAL TRADE ARRANGEMENTS
PRODUCTIVITY GROWTH
QUOTAS
REGIONAL TRADE
REGIONAL TRADE ARRANGEMENTS
REGULATORY BARRIERS
RETAIL TRADE
SAFETY STANDARDS
TARIFF BARRIERS
TARIFF CHANGES
TARIFF DATA
TARIFF RATES
TARIFF REDUCTION
TARIFF REDUCTIONS
TECHNICAL BARRIERS
TECHNICAL REGULATIONS
TRADE AGREEMENT
TRADE BARRIER
TRADE BARRIERS
TRADE CLASSIFICATION
TRADE COSTS
TRADE DATA
TRADE EFFECT
TRADE EFFECTS
TRADE FACILITATION
TRADE FLOW DATA
TRADE FLOWS
TRADE ISSUES
TRADE LIBERALIZATION
TRADE PATTERN
TRADE VOLUMES
TRADE ¨ ¨ FLOWS
TRADEOFFS
TRAINS
TRANSPORT COSTS
UNILATERAL TRADE
VALUE OF TRADE
VOLUME OF TRADE
WAREHOUSES
WORLD TRADE
WORLD TRADE ORGANIZATION
Online Access:http://documents.worldbank.org/curated/en/2003/09/17742628/trade-facilitation-economic-development-new-approach-quantifying-impact
http://hdl.handle.net/10986/17183
Description
Summary:This article analyzes the relationship between trade facilitation and trade flows in the Asia Pacific region. Country specific data for port efficiency, customs environment, regulatory environment, and e-business usage are used to construct indicators for measuring trade facilitation. The relationship between these indicators and trade flows is estimated using a gravity model that includes tariffs and other standard variables. Enhanced port efficiency has a large and positive effect on trade flows. Regulatory barriers deter trade. Improvements in customs and greater e-business use significantly expand trade but to a lesser degree than improvements in ports or regulations. The benefits of specific trade facilitation efforts are estimated by quantifying differential improvements in these four areas among members of the Asia Pacific Economic Cooperation (APEC). A scenario in which APEC members with below-average indicators improve capacity halfway to the average forall members shows that intra-APEC trade could increase by Dollar 254 billion, or 21 percent of intra-APEC trade flows.

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