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Estimating the effects of the container revolution on world trade

Bernhofen, Daniel M.; El-Sahli, Zouheir; Kneller, Richard

Authors

Daniel M. Bernhofen dbernhof@american.edu

Zouheir El-Sahli



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.

Journal Article Type Article
Publication Date Sep 14, 2015
Journal Journal of International Economics
Print ISSN 0022-1996
Electronic ISSN 0022-1996
Publisher Elsevier
Peer Reviewed Peer Reviewed
APA6 Citation Bernhofen, D. M., El-Sahli, Z., & Kneller, R. (2015). Estimating the effects of the container revolution on world trade. Journal of International Economics, doi:10.1016/j.jinteco.2015.09.001
DOI https://doi.org/10.1016/j.jinteco.2015.09.001
Keywords containerization, 20th century global transportation infrastructure, growth of world trade
Publisher URL http://www.sciencedirect.com/science/article/pii/S0022199615001403
Copyright Statement Copyright information regarding this work can be found at the following address: http://creativecommons.org/licenses/by-nc-nd/4.0

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Copyright Statement
Copyright information regarding this work can be found at the following address: http://creativecommons.org/licenses/by-nc-nd/4.0





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