Effects of Timeliness on the Trade Pattern between Primary and Processed Goods
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Summary:
This paper investigates the effect of timeliness in accessing the intermediate inputs on the trade pattern. In particular, any country that has a higher ability to transport goods on time has a comparative advantage in industries that place a higher value on the timely delivery of their inputs, and this comparative advantage pattern is stronger for processed goods than for primary goods. To do this, a measure for how intensively any industry demands for the timely delivery of its intermediate inputs is constructed combining Hummels and Schaur (2013)’s calculations of the time sensitivity of products with the input-output tables.
Series:
Working Paper No. 2017/044
Subject:
Comparative advantage Exports Infrastructure International trade National accounts Trade balance Transportation
English
Publication Date:
March 9, 2017
ISBN/ISSN:
9781475585537/1018-5941
Stock No:
WPIEA2017044
Pages:
49
Please address any questions about this title to publications@imf.org