Estimating the effects of the container revolution on world trade

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Bernhofen, Daniel M., El-Sahli, Zouheir and Kneller, Richard (2015) Estimating the effects of the container revolution on world trade. Journal of International Economics . ISSN 0022-1996

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Abstract

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.

Item Type: Article
Keywords: containerization, 20th century global transportation infrastructure, growth of world trade
Schools/Departments: University of Nottingham, UK > Faculty of Social Sciences > School of Economics
Identification Number: https://doi.org/10.1016/j.jinteco.2015.09.001
Depositing User: Kneller, Richard
Date Deposited: 20 Oct 2015 09:33
Last Modified: 08 May 2020 12:30
URI: https://eprints.nottingham.ac.uk/id/eprint/30487

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