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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| Format: | Journal Article |
| Language: | English en_US |
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Washington, DC: World Bank
2014
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| 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 |
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okr-10986-171832021-04-23T14:03:29Z Trade Facilitation and Economic Development : New Approach to Quantifying the Impact Wilson, John S. Mann, Catherine L. Otsuki, Tsunehiro 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 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. 2014-02-26T20:25:11Z 2014-02-26T20:25:11Z 2003-09 Journal Article http://documents.worldbank.org/curated/en/2003/09/17742628/trade-facilitation-economic-development-new-approach-quantifying-impact World Bank Economic Review http://hdl.handle.net/10986/17183 English en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Journal Article Publications & Research East Asia and Pacific Asia Central America East Asia North America Oceania South America Southeast Asia Latin America Australia |
| repository_type |
Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
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 |
| spellingShingle |
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 Wilson, John S. Mann, Catherine L. Otsuki, Tsunehiro Trade Facilitation and Economic Development : New Approach to Quantifying the Impact |
| geographic_facet |
East Asia and Pacific Asia Central America East Asia North America Oceania South America Southeast Asia Latin America Australia |
| description |
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. |
| format |
Journal Article |
| author |
Wilson, John S. Mann, Catherine L. Otsuki, Tsunehiro |
| author_facet |
Wilson, John S. Mann, Catherine L. Otsuki, Tsunehiro |
| author_sort |
Wilson, John S. |
| title |
Trade Facilitation and Economic Development : New Approach to Quantifying the Impact |
| title_short |
Trade Facilitation and Economic Development : New Approach to Quantifying the Impact |
| title_full |
Trade Facilitation and Economic Development : New Approach to Quantifying the Impact |
| title_fullStr |
Trade Facilitation and Economic Development : New Approach to Quantifying the Impact |
| title_full_unstemmed |
Trade Facilitation and Economic Development : New Approach to Quantifying the Impact |
| title_sort |
trade facilitation and economic development : new approach to quantifying the impact |
| publisher |
Washington, DC: World Bank |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2003/09/17742628/trade-facilitation-economic-development-new-approach-quantifying-impact http://hdl.handle.net/10986/17183 |
| _version_ |
1764433245405970432 |