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Estimating the effects of the container revolution on world trade

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Author

  • Zouheir El-Sahli
  • Daniel M. Bernhofen
  • Richard Kneller

Summary, in English

Many historical accounts have asserted that containerization triggered complementary technological and organizational changes that revolutionized global freight transport. We are the first to suggest an identification strategy for estimating the effects of the container revolution on world trade. Our empirical strategy exploits time and cross-sectional variation in countries’ first adoption of container facilities and combines it with product-level variation in containerizability and container usage. Applying our container variables on a large panel of product level trade flows for the period 1962-1990, our estimates suggest economically large concurrent and cumulative effects of containerization and lend support for the view of containerization being a driver of 20th century economic globalization.

Publishing year

2016

Language

English

Pages

36-50

Publication/Series

Journal of International Economics

Volume

98

Document type

Journal article

Publisher

Elsevier

Topic

  • Economic History
  • Economics

Keywords

  • growth of world trade.
  • 20th century global transportation infrastructure
  • containerization

Status

Published

ISBN/ISSN/Other

  • ISSN: 1873-0353