Global Logistics Indicators, Supply Chain Metrics, and Bilateral Trade Patterns

Past research into the determinants of international trade highlighted the importance of the basic spatial gravity model augmented by additional variables representing sources of friction. Studies modeled many sources of friction using various proxies, including indices based on expert judgment in s...

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Main Authors:	Hausman, Warren H., Lee, Hau L., Subramanian, Uma
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	AIM APPAREL BENCHMARKING BERTH BILATERAL TRADE BILATERAL TRADE DATA BORDER TRADE CARGO COMMODITIES COMMODITY CONTAINER OPERATIONS CONTAINERIZATION CONTAINERS CUSTOMS CUSTOMS CLEARANCE DECENTRALIZATION DELIVERIES DELIVERY OF GOODS DELIVERY TIMES ELASTICITY ELASTICITY OF TRADE EXPORT COMPETITIVENESS EXPORT PROCESSING EXPORT PROCESSING ZONE EXPORTS FOREIGN DIRECT INVESTMENT FOREIGN OWNERSHIP FREE TRADE FREE TRADE AGREEMENT FREE TRADE ZONE FREE TRADE ZONES FREIGHT COSTS FREIGHT FORWARDERS FREIGHT FORWARDING GDP GDP PER CAPITA GLOBAL MARKETS GLOBAL TRADE GRAVITY MODEL GRAVITY MODEL APPROACH GRAVITY MODELS HANDLING IMPORTS INCOME LEVELS INTERMEDIATE GOODS INTERNATIONAL MARKETS INTERNATIONAL TRADE INVENTORIES INVENTORY INVENTORY CONTROL INVENTORY HOLDING COSTS LANDLOCKED COUNTRIES LIABILITY LOGISTICS CHAIN MANUFACTURING MEASURE OF TRADE MIDDLE EAST NORTH AFRICA OCEAN FREIGHT OCEAN TRANSPORT PORTS PRELIMINARY ASSESSMENT PURCHASING POWER REGIONAL TRADE REGIONAL TRADE AGREEMENTS SAFETY STOCK SHIPMENTS SHIPPERS SHIPPING SHIPPING COSTS SUPPLY CHAIN MANAGEMENT SUPPLY CHAINS TRADE AGREEMENT TRADE AREA TRADE ARRANGEMENTS TRADE BLOCS TRADE CLASSIFICATION TRADE COMPETITIVENESS TRADE COSTS TRADE FACILITATION TRADE FLOWS TRADE LOGISTICS TRADE PARTNER TRADE PARTNERS TRADE PATTERNS TRADE VOLUMES TRANSIT TRANSIT COUNTRIES TRANSPORT COSTS TRUCKS VALUE ADDED VOLUME OF TRADE WAITING TIME WAREHOUSING WORLD TRADE
Online Access:	http://documents.worldbank.org/curated/en/2005/11/6421820/global-logistics-indicators-supply-chain-metrics-bilateral-trade-patterns http://hdl.handle.net/10986/8561

id	okr-10986-8561
recordtype	oai_dc
spelling	okr-10986-85612021-04-23T14:02:43Z Global Logistics Indicators, Supply Chain Metrics, and Bilateral Trade Patterns Hausman, Warren H. Lee, Hau L. Subramanian, Uma AIM APPAREL BENCHMARKING BERTH BILATERAL TRADE BILATERAL TRADE DATA BORDER TRADE CARGO COMMODITIES COMMODITY CONTAINER OPERATIONS CONTAINERIZATION CONTAINERS CUSTOMS CUSTOMS CLEARANCE DECENTRALIZATION DELIVERIES DELIVERY OF GOODS DELIVERY TIMES ELASTICITY ELASTICITY OF TRADE EXPORT COMPETITIVENESS EXPORT PROCESSING EXPORT PROCESSING ZONE EXPORTS FOREIGN DIRECT INVESTMENT FOREIGN OWNERSHIP FREE TRADE FREE TRADE AGREEMENT FREE TRADE ZONE FREE TRADE ZONES FREIGHT COSTS FREIGHT FORWARDERS FREIGHT FORWARDING GDP GDP PER CAPITA GLOBAL MARKETS GLOBAL TRADE GRAVITY MODEL GRAVITY MODEL APPROACH GRAVITY MODELS HANDLING IMPORTS INCOME LEVELS INTERMEDIATE GOODS INTERNATIONAL MARKETS INTERNATIONAL TRADE INVENTORIES INVENTORY INVENTORY CONTROL INVENTORY HOLDING COSTS LANDLOCKED COUNTRIES LIABILITY LOGISTICS CHAIN MANUFACTURING MEASURE OF TRADE MIDDLE EAST NORTH AFRICA OCEAN FREIGHT OCEAN TRANSPORT PORTS PRELIMINARY ASSESSMENT PURCHASING POWER REGIONAL TRADE REGIONAL TRADE AGREEMENTS SAFETY STOCK SHIPMENTS SHIPPERS SHIPPING SHIPPING COSTS SUPPLY CHAIN MANAGEMENT SUPPLY CHAINS TRADE AGREEMENT TRADE AREA TRADE ARRANGEMENTS TRADE BLOCS TRADE CLASSIFICATION TRADE COMPETITIVENESS TRADE COSTS TRADE FACILITATION TRADE FLOWS TRADE LOGISTICS TRADE PARTNER TRADE PARTNERS TRADE PATTERNS TRADE VOLUMES TRANSIT TRANSIT COUNTRIES TRANSPORT COSTS TRUCKS VALUE ADDED VOLUME OF TRADE WAITING TIME WAREHOUSING WORLD TRADE Past research into the determinants of international trade highlighted the importance of the basic spatial gravity model augmented by additional variables representing sources of friction. Studies modeled many sources of friction using various proxies, including indices based on expert judgment in some cases. This paper focuses on logistics friction and draws on a data set recently compiled by the World Bank with specific quantitative metrics of logistics performance in terms of time, cost, and variability in time. It finds that the new variables that relate directly to logistics performance have a statistically significant relationship with the level of bilateral trade. It also finds that a single logistics index can capture virtually all of the explanatory power of multiple logistics indicators. The findings should spur public and private agencies that have direct or indirect power over logistics performance to focus attention on reducing sources of friction so as to improve their country's ability to compete in today's global economy. Moreover, since the logistics metrics are directly related to operational performance, countries can use these metrics to target actions to improve logistics and monitor their progress. 2012-06-20T19:13:46Z 2012-06-20T19:13:46Z 2005-11 http://documents.worldbank.org/curated/en/2005/11/6421820/global-logistics-indicators-supply-chain-metrics-bilateral-trade-patterns http://hdl.handle.net/10986/8561 English Policy Research Working Paper; No. 3773 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	AIM APPAREL BENCHMARKING BERTH BILATERAL TRADE BILATERAL TRADE DATA BORDER TRADE CARGO COMMODITIES COMMODITY CONTAINER OPERATIONS CONTAINERIZATION CONTAINERS CUSTOMS CUSTOMS CLEARANCE DECENTRALIZATION DELIVERIES DELIVERY OF GOODS DELIVERY TIMES ELASTICITY ELASTICITY OF TRADE EXPORT COMPETITIVENESS EXPORT PROCESSING EXPORT PROCESSING ZONE EXPORTS FOREIGN DIRECT INVESTMENT FOREIGN OWNERSHIP FREE TRADE FREE TRADE AGREEMENT FREE TRADE ZONE FREE TRADE ZONES FREIGHT COSTS FREIGHT FORWARDERS FREIGHT FORWARDING GDP GDP PER CAPITA GLOBAL MARKETS GLOBAL TRADE GRAVITY MODEL GRAVITY MODEL APPROACH GRAVITY MODELS HANDLING IMPORTS INCOME LEVELS INTERMEDIATE GOODS INTERNATIONAL MARKETS INTERNATIONAL TRADE INVENTORIES INVENTORY INVENTORY CONTROL INVENTORY HOLDING COSTS LANDLOCKED COUNTRIES LIABILITY LOGISTICS CHAIN MANUFACTURING MEASURE OF TRADE MIDDLE EAST NORTH AFRICA OCEAN FREIGHT OCEAN TRANSPORT PORTS PRELIMINARY ASSESSMENT PURCHASING POWER REGIONAL TRADE REGIONAL TRADE AGREEMENTS SAFETY STOCK SHIPMENTS SHIPPERS SHIPPING SHIPPING COSTS SUPPLY CHAIN MANAGEMENT SUPPLY CHAINS TRADE AGREEMENT TRADE AREA TRADE ARRANGEMENTS TRADE BLOCS TRADE CLASSIFICATION TRADE COMPETITIVENESS TRADE COSTS TRADE FACILITATION TRADE FLOWS TRADE LOGISTICS TRADE PARTNER TRADE PARTNERS TRADE PATTERNS TRADE VOLUMES TRANSIT TRANSIT COUNTRIES TRANSPORT COSTS TRUCKS VALUE ADDED VOLUME OF TRADE WAITING TIME WAREHOUSING WORLD TRADE
spellingShingle	AIM APPAREL BENCHMARKING BERTH BILATERAL TRADE BILATERAL TRADE DATA BORDER TRADE CARGO COMMODITIES COMMODITY CONTAINER OPERATIONS CONTAINERIZATION CONTAINERS CUSTOMS CUSTOMS CLEARANCE DECENTRALIZATION DELIVERIES DELIVERY OF GOODS DELIVERY TIMES ELASTICITY ELASTICITY OF TRADE EXPORT COMPETITIVENESS EXPORT PROCESSING EXPORT PROCESSING ZONE EXPORTS FOREIGN DIRECT INVESTMENT FOREIGN OWNERSHIP FREE TRADE FREE TRADE AGREEMENT FREE TRADE ZONE FREE TRADE ZONES FREIGHT COSTS FREIGHT FORWARDERS FREIGHT FORWARDING GDP GDP PER CAPITA GLOBAL MARKETS GLOBAL TRADE GRAVITY MODEL GRAVITY MODEL APPROACH GRAVITY MODELS HANDLING IMPORTS INCOME LEVELS INTERMEDIATE GOODS INTERNATIONAL MARKETS INTERNATIONAL TRADE INVENTORIES INVENTORY INVENTORY CONTROL INVENTORY HOLDING COSTS LANDLOCKED COUNTRIES LIABILITY LOGISTICS CHAIN MANUFACTURING MEASURE OF TRADE MIDDLE EAST NORTH AFRICA OCEAN FREIGHT OCEAN TRANSPORT PORTS PRELIMINARY ASSESSMENT PURCHASING POWER REGIONAL TRADE REGIONAL TRADE AGREEMENTS SAFETY STOCK SHIPMENTS SHIPPERS SHIPPING SHIPPING COSTS SUPPLY CHAIN MANAGEMENT SUPPLY CHAINS TRADE AGREEMENT TRADE AREA TRADE ARRANGEMENTS TRADE BLOCS TRADE CLASSIFICATION TRADE COMPETITIVENESS TRADE COSTS TRADE FACILITATION TRADE FLOWS TRADE LOGISTICS TRADE PARTNER TRADE PARTNERS TRADE PATTERNS TRADE VOLUMES TRANSIT TRANSIT COUNTRIES TRANSPORT COSTS TRUCKS VALUE ADDED VOLUME OF TRADE WAITING TIME WAREHOUSING WORLD TRADE Hausman, Warren H. Lee, Hau L. Subramanian, Uma Global Logistics Indicators, Supply Chain Metrics, and Bilateral Trade Patterns
relation	Policy Research Working Paper; No. 3773
description	Past research into the determinants of international trade highlighted the importance of the basic spatial gravity model augmented by additional variables representing sources of friction. Studies modeled many sources of friction using various proxies, including indices based on expert judgment in some cases. This paper focuses on logistics friction and draws on a data set recently compiled by the World Bank with specific quantitative metrics of logistics performance in terms of time, cost, and variability in time. It finds that the new variables that relate directly to logistics performance have a statistically significant relationship with the level of bilateral trade. It also finds that a single logistics index can capture virtually all of the explanatory power of multiple logistics indicators. The findings should spur public and private agencies that have direct or indirect power over logistics performance to focus attention on reducing sources of friction so as to improve their country's ability to compete in today's global economy. Moreover, since the logistics metrics are directly related to operational performance, countries can use these metrics to target actions to improve logistics and monitor their progress.
format	Publications & Research :: Policy Research Working Paper
author	Hausman, Warren H. Lee, Hau L. Subramanian, Uma
author_facet	Hausman, Warren H. Lee, Hau L. Subramanian, Uma
author_sort	Hausman, Warren H.
title	Global Logistics Indicators, Supply Chain Metrics, and Bilateral Trade Patterns
title_short	Global Logistics Indicators, Supply Chain Metrics, and Bilateral Trade Patterns
title_full	Global Logistics Indicators, Supply Chain Metrics, and Bilateral Trade Patterns
title_fullStr	Global Logistics Indicators, Supply Chain Metrics, and Bilateral Trade Patterns
title_full_unstemmed	Global Logistics Indicators, Supply Chain Metrics, and Bilateral Trade Patterns
title_sort	global logistics indicators, supply chain metrics, and bilateral trade patterns
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2005/11/6421820/global-logistics-indicators-supply-chain-metrics-bilateral-trade-patterns http://hdl.handle.net/10986/8561
_version_	1764407991576035328

Global Logistics Indicators, Supply Chain Metrics, and Bilateral Trade Patterns

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