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...

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Main Authors:	de Sá Porto, Paulo C., Canuto, Otaviano, Morini, Cristiano
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	TARIFFS INDUSTRIALIZED COUNTRIES NOMINAL VALUE TRADE POLICY AGENDA CUSTOMS ADMINISTRATION MULTILATERAL TRADE IMPORT PROCEDURES TARIFF RATES WORLD TRADE ORGANIZATION REGIONAL TRADE AGREEMENTS NATIONAL ECONOMIES GRAVITY MODELS TRADE BARRIERS EXPORT PERFORMANCE IMPACT OF TRADE EXPORT PROCEDURES PROTECTIONIST EXPORTS DEVELOPING COUNTRIES TRADE FLOWS GRAVITY MODEL APPROACH WELFARE ECONOMIC POLICY REGIONAL AGREEMENTS GRAVITY MODEL EQUILIBRIUM VARIABLES TRADE PERFORMANCE ITC PAYMENTS QUALITY EQUIVALENT VALUE MARKET ACCESS PREFERENTIAL TRADE AREA FREE TRADE INTERNATIONAL BANK TRANSPORT SERVICES CONFORMITY ASSESSMENTS MUTUAL RECOGNITION ARRANGEMENT TRADE AGREEMENTS CUSTOMS PROCEDURES EXPORTING COUNTRY DEVELOPMENT PREFERENTIAL TRADE AGREEMENTS INFLUENCE FOREIGN TRADE TOTAL FACTOR PRODUCTIVITY DEVELOPMENT ECONOMICS FOREIGN MARKET REGULATORY BARRIERS REGIONAL TRADE REGIONAL TRADE ARRANGEMENTS ECONOMIC COOPERATION CUSTOMS LOGISTICS BASE YEAR CRITERIA WTO AGREEMENT ON TRADE ACCESS INTERNATIONAL ECONOMICS IMPORTS TRADE POLICY PORTS GROSS DOMESTIC PRODUCT VOLUME OF TRADE GRAVITY EQUATION IMPORT TARIFFS COMMON MARKET TRADE MORE MANUFACTURING EQUILIBRIUM ANALYSIS TRADE VOLUME GENERAL EQUILIBRIUM INTERREGIONAL TRADE TRANSIT BENEFITS OF TRADE INTERNATIONAL TRADE REGIONALISM VALUE COMPETITIVENESS TRADE ARRANGEMENTS EUROPEAN UNION PREFERENTIAL TRADE ARRANGEMENTS MULTILATERAL NEGOTIATIONS INEFFICIENCY GLOBAL TRADE ANALYSIS TRADE AREA TRADE FACILITATION TRADE LIBERALIZATION MULTILATERAL TRADE LIBERALIZATION TRADE DATA IMPORTING COUNTRY PARTIAL EQUILIBRIUM ANALYSIS REGIONAL INTEGRATION ECONOMIC INTEGRATION TRADE MUTUAL RECOGNITION GDP GOODS GLOBAL TRADE BILATERAL TRADE PREFERENTIAL TRADE REGIONAL DEVELOPMENT BUSINESS ENVIRONMENT TARIFF BENEFITS OF TRADE FACILITATION FREE TRADE AREA WORLD TRADE POLICY RESEARCH MUTUAL RECOGNITION ARRANGEMENTS COMMERCIAL RECORDS EXCHANGE RATE NEWLY INDUSTRIALIZED COUNTRIES VALUE OF EXPORTS DEVELOPMENT POLICY
Online Access:	http://documents.worldbank.org/curated/en/2015/07/24779062/impacts-trade-facilitation-measures-international-trade-flows http://hdl.handle.net/10986/22451

id	okr-10986-22451
recordtype	oai_dc
spelling	okr-10986-224512021-04-23T14:04:08Z The Impacts of Trade Facilitation Measures on International Trade Flows de Sá Porto, Paulo C. Canuto, Otaviano Morini, Cristiano TARIFFS INDUSTRIALIZED COUNTRIES NOMINAL VALUE TRADE POLICY AGENDA CUSTOMS ADMINISTRATION MULTILATERAL TRADE IMPORT PROCEDURES TARIFF RATES WORLD TRADE ORGANIZATION REGIONAL TRADE AGREEMENTS NATIONAL ECONOMIES GRAVITY MODELS TRADE BARRIERS EXPORT PERFORMANCE IMPACT OF TRADE EXPORT PROCEDURES PROTECTIONIST EXPORTS DEVELOPING COUNTRIES TRADE FLOWS GRAVITY MODEL APPROACH WELFARE ECONOMIC POLICY REGIONAL AGREEMENTS GRAVITY MODEL EQUILIBRIUM VARIABLES TRADE PERFORMANCE ITC PAYMENTS QUALITY EQUIVALENT VALUE MARKET ACCESS PREFERENTIAL TRADE AREA FREE TRADE INTERNATIONAL BANK TRANSPORT SERVICES CONFORMITY ASSESSMENTS MUTUAL RECOGNITION ARRANGEMENT TRADE AGREEMENTS CUSTOMS PROCEDURES EXPORTING COUNTRY DEVELOPMENT PREFERENTIAL TRADE AGREEMENTS INFLUENCE FOREIGN TRADE TOTAL FACTOR PRODUCTIVITY DEVELOPMENT ECONOMICS FOREIGN MARKET REGULATORY BARRIERS REGIONAL TRADE REGIONAL TRADE ARRANGEMENTS ECONOMIC COOPERATION CUSTOMS LOGISTICS BASE YEAR CRITERIA WTO AGREEMENT ON TRADE ACCESS INTERNATIONAL ECONOMICS IMPORTS TRADE POLICY PORTS GROSS DOMESTIC PRODUCT VOLUME OF TRADE GRAVITY EQUATION IMPORT TARIFFS COMMON MARKET TRADE MORE MANUFACTURING EQUILIBRIUM ANALYSIS TRADE VOLUME GENERAL EQUILIBRIUM INTERREGIONAL TRADE TRANSIT BENEFITS OF TRADE INTERNATIONAL TRADE REGIONALISM VALUE COMPETITIVENESS TRADE ARRANGEMENTS EUROPEAN UNION PREFERENTIAL TRADE ARRANGEMENTS MULTILATERAL NEGOTIATIONS INEFFICIENCY GLOBAL TRADE ANALYSIS TRADE AREA TRADE FACILITATION TRADE LIBERALIZATION MULTILATERAL TRADE LIBERALIZATION TRADE DATA IMPORTING COUNTRY PARTIAL EQUILIBRIUM ANALYSIS REGIONAL INTEGRATION ECONOMIC INTEGRATION TRADE MUTUAL RECOGNITION GDP GOODS GLOBAL TRADE BILATERAL TRADE PREFERENTIAL TRADE REGIONAL DEVELOPMENT BUSINESS ENVIRONMENT TARIFF BENEFITS OF TRADE FACILITATION FREE TRADE AREA WORLD TRADE POLICY RESEARCH MUTUAL RECOGNITION ARRANGEMENTS COMMERCIAL RECORDS EXCHANGE RATE NEWLY INDUSTRIALIZED COUNTRIES VALUE OF EXPORTS DEVELOPMENT POLICY 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. 2015-08-17T19:13:11Z 2015-08-17T19:13:11Z 2015-07 Working Paper http://documents.worldbank.org/curated/en/2015/07/24779062/impacts-trade-facilitation-measures-international-trade-flows http://hdl.handle.net/10986/22451 English en_US Policy Research Working Paper;No. 7367 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	TARIFFS INDUSTRIALIZED COUNTRIES NOMINAL VALUE TRADE POLICY AGENDA CUSTOMS ADMINISTRATION MULTILATERAL TRADE IMPORT PROCEDURES TARIFF RATES WORLD TRADE ORGANIZATION REGIONAL TRADE AGREEMENTS NATIONAL ECONOMIES GRAVITY MODELS TRADE BARRIERS EXPORT PERFORMANCE IMPACT OF TRADE EXPORT PROCEDURES PROTECTIONIST EXPORTS DEVELOPING COUNTRIES TRADE FLOWS GRAVITY MODEL APPROACH WELFARE ECONOMIC POLICY REGIONAL AGREEMENTS GRAVITY MODEL EQUILIBRIUM VARIABLES TRADE PERFORMANCE ITC PAYMENTS QUALITY EQUIVALENT VALUE MARKET ACCESS PREFERENTIAL TRADE AREA FREE TRADE INTERNATIONAL BANK TRANSPORT SERVICES CONFORMITY ASSESSMENTS MUTUAL RECOGNITION ARRANGEMENT TRADE AGREEMENTS CUSTOMS PROCEDURES EXPORTING COUNTRY DEVELOPMENT PREFERENTIAL TRADE AGREEMENTS INFLUENCE FOREIGN TRADE TOTAL FACTOR PRODUCTIVITY DEVELOPMENT ECONOMICS FOREIGN MARKET REGULATORY BARRIERS REGIONAL TRADE REGIONAL TRADE ARRANGEMENTS ECONOMIC COOPERATION CUSTOMS LOGISTICS BASE YEAR CRITERIA WTO AGREEMENT ON TRADE ACCESS INTERNATIONAL ECONOMICS IMPORTS TRADE POLICY PORTS GROSS DOMESTIC PRODUCT VOLUME OF TRADE GRAVITY EQUATION IMPORT TARIFFS COMMON MARKET TRADE MORE MANUFACTURING EQUILIBRIUM ANALYSIS TRADE VOLUME GENERAL EQUILIBRIUM INTERREGIONAL TRADE TRANSIT BENEFITS OF TRADE INTERNATIONAL TRADE REGIONALISM VALUE COMPETITIVENESS TRADE ARRANGEMENTS EUROPEAN UNION PREFERENTIAL TRADE ARRANGEMENTS MULTILATERAL NEGOTIATIONS INEFFICIENCY GLOBAL TRADE ANALYSIS TRADE AREA TRADE FACILITATION TRADE LIBERALIZATION MULTILATERAL TRADE LIBERALIZATION TRADE DATA IMPORTING COUNTRY PARTIAL EQUILIBRIUM ANALYSIS REGIONAL INTEGRATION ECONOMIC INTEGRATION TRADE MUTUAL RECOGNITION GDP GOODS GLOBAL TRADE BILATERAL TRADE PREFERENTIAL TRADE REGIONAL DEVELOPMENT BUSINESS ENVIRONMENT TARIFF BENEFITS OF TRADE FACILITATION FREE TRADE AREA WORLD TRADE POLICY RESEARCH MUTUAL RECOGNITION ARRANGEMENTS COMMERCIAL RECORDS EXCHANGE RATE NEWLY INDUSTRIALIZED COUNTRIES VALUE OF EXPORTS DEVELOPMENT POLICY
spellingShingle	TARIFFS INDUSTRIALIZED COUNTRIES NOMINAL VALUE TRADE POLICY AGENDA CUSTOMS ADMINISTRATION MULTILATERAL TRADE IMPORT PROCEDURES TARIFF RATES WORLD TRADE ORGANIZATION REGIONAL TRADE AGREEMENTS NATIONAL ECONOMIES GRAVITY MODELS TRADE BARRIERS EXPORT PERFORMANCE IMPACT OF TRADE EXPORT PROCEDURES PROTECTIONIST EXPORTS DEVELOPING COUNTRIES TRADE FLOWS GRAVITY MODEL APPROACH WELFARE ECONOMIC POLICY REGIONAL AGREEMENTS GRAVITY MODEL EQUILIBRIUM VARIABLES TRADE PERFORMANCE ITC PAYMENTS QUALITY EQUIVALENT VALUE MARKET ACCESS PREFERENTIAL TRADE AREA FREE TRADE INTERNATIONAL BANK TRANSPORT SERVICES CONFORMITY ASSESSMENTS MUTUAL RECOGNITION ARRANGEMENT TRADE AGREEMENTS CUSTOMS PROCEDURES EXPORTING COUNTRY DEVELOPMENT PREFERENTIAL TRADE AGREEMENTS INFLUENCE FOREIGN TRADE TOTAL FACTOR PRODUCTIVITY DEVELOPMENT ECONOMICS FOREIGN MARKET REGULATORY BARRIERS REGIONAL TRADE REGIONAL TRADE ARRANGEMENTS ECONOMIC COOPERATION CUSTOMS LOGISTICS BASE YEAR CRITERIA WTO AGREEMENT ON TRADE ACCESS INTERNATIONAL ECONOMICS IMPORTS TRADE POLICY PORTS GROSS DOMESTIC PRODUCT VOLUME OF TRADE GRAVITY EQUATION IMPORT TARIFFS COMMON MARKET TRADE MORE MANUFACTURING EQUILIBRIUM ANALYSIS TRADE VOLUME GENERAL EQUILIBRIUM INTERREGIONAL TRADE TRANSIT BENEFITS OF TRADE INTERNATIONAL TRADE REGIONALISM VALUE COMPETITIVENESS TRADE ARRANGEMENTS EUROPEAN UNION PREFERENTIAL TRADE ARRANGEMENTS MULTILATERAL NEGOTIATIONS INEFFICIENCY GLOBAL TRADE ANALYSIS TRADE AREA TRADE FACILITATION TRADE LIBERALIZATION MULTILATERAL TRADE LIBERALIZATION TRADE DATA IMPORTING COUNTRY PARTIAL EQUILIBRIUM ANALYSIS REGIONAL INTEGRATION ECONOMIC INTEGRATION TRADE MUTUAL RECOGNITION GDP GOODS GLOBAL TRADE BILATERAL TRADE PREFERENTIAL TRADE REGIONAL DEVELOPMENT BUSINESS ENVIRONMENT TARIFF BENEFITS OF TRADE FACILITATION FREE TRADE AREA WORLD TRADE POLICY RESEARCH MUTUAL RECOGNITION ARRANGEMENTS COMMERCIAL RECORDS EXCHANGE RATE NEWLY INDUSTRIALIZED COUNTRIES VALUE OF EXPORTS DEVELOPMENT POLICY de Sá Porto, Paulo C. Canuto, Otaviano Morini, Cristiano The Impacts of Trade Facilitation Measures on International Trade Flows
relation	Policy Research Working Paper;No. 7367
description	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.
format	Working Paper
author	de Sá Porto, Paulo C. Canuto, Otaviano Morini, Cristiano
author_facet	de Sá Porto, Paulo C. Canuto, Otaviano Morini, Cristiano
author_sort	de Sá Porto, Paulo C.
title	The Impacts of Trade Facilitation Measures on International Trade Flows
title_short	The Impacts of Trade Facilitation Measures on International Trade Flows
title_full	The Impacts of Trade Facilitation Measures on International Trade Flows
title_fullStr	The Impacts of Trade Facilitation Measures on International Trade Flows
title_full_unstemmed	The Impacts of Trade Facilitation Measures on International Trade Flows
title_sort	impacts of trade facilitation measures on international trade flows
publisher	World Bank, Washington, DC
publishDate	2015
url	http://documents.worldbank.org/curated/en/2015/07/24779062/impacts-trade-facilitation-measures-international-trade-flows http://hdl.handle.net/10986/22451
_version_	1764451110891814912

The Impacts of Trade Facilitation Measures on International Trade Flows

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