The Impacts of Trade Facilitation Measures on International Trade Flows
This paper analyzes the impacts of selected trade facilitation measures on international trade flows. A gravity model is used to estimate four equations: a pooled cross-section model; a fixed-effects model; a random effects model; and a Poisson max...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2015
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2015/07/24779062/impacts-trade-facilitation-measures-international-trade-flows http://hdl.handle.net/10986/22451 |
| Summary: | This paper analyzes the impacts of
selected trade facilitation measures on international trade
flows. A gravity model is used to estimate four equations: a
pooled cross-section model; a fixed-effects model; a random
effects model; and a Poisson maximum likelihood estimator.
The contribution of the paper is twofold. First, the
analysis uses a recent data set, a panel that includes trade
data from 2011 and 2012 for 72 countries. Second, to measure
the impacts of trade facilitation measures, the analysis
includes dummy variables for the presence of an authorized
economic operator program, the existence of a single-window
program in the countries in the sample, and the existence of
a mutual recognition arrangement between pairs of countries
in the sample. The results show that the presence of an
authorized economic operator program and the existence of a
single-window program will improve countries’ trade
performance. By contrast, the existence of a mutual
recognition arrangement will not necessarily improve
countries’ trade performance. These results suggest that, in
general, trade facilitation measures as a whole will help
countries improve their trade performance. |
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