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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

Zouheir El-Sahli



Abstract

© 2015 Elsevier B.V. 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.

Citation

Bernhofen, D. M., El-Sahli, Z., & Kneller, R. (2016). Estimating the effects of the container revolution on world trade. Journal of International Economics, 98, 36-50. https://doi.org/10.1016/j.jinteco.2015.09.001

Journal Article Type Article
Acceptance Date Sep 3, 2015
Online Publication Date Sep 14, 2015
Publication Date Jan 1, 2016
Deposit Date Nov 20, 2015
Publicly Available Date Mar 15, 2019
Journal Journal of International Economics
Print ISSN 0022-1996
Electronic ISSN 1873-0353
Publisher Elsevier
Peer Reviewed Peer Reviewed
Volume 98
Pages 36-50
DOI https://doi.org/10.1016/j.jinteco.2015.09.001
Keywords containerization, 20th century global transportation infrastructure, growth of world trade
Public URL http://eprints.nottingham.ac.uk/id/eprint/30877
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
Additional Information This article is maintained by: Elsevier; Article Title: Estimating the effects of the container revolution on world trade; Journal Title: Journal of International Economics; CrossRef DOI link to publisher maintained version: https://doi.org/10.1016/j.jinteco.2015.09.001; Content Type: article; Copyright: Copyright © 2015 Elsevier B.V. All rights reserved.

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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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