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The impact of aid for trade on cost and time to trade : The case of Latin America and the Caribbean

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Frame of Image he requirements for the degree of
MASTER OF PUBLIC POLICY/ECONOMIC DEVELOPMENT
2013 Professor CHOI, Changyong
ABSTRACT
THE IMPACT OF AID FOR TRADE ON COST AND TIME TO TRADE: THE CASE OF LATIN AMERICA AND THE CARIBBEAN
By SOHN, Jung Eun Tariffs and non-tariff barriers having been reduced, the international society aims at lowering the other trade transaction costs that are greater in developing countries. As a fruit of the effort, WTO launched Aid for Trade (AfT) initiatives in 2005. Due to the considerable amount of AfT, there have been discussions on its effectiveness. This study continues the debate by analyzing the impact of AfT on reducing cost and time to trade in 30 LAC countries, where 10% of AfT destines, for the period of 2004-2010, deploying panel data fixed-effects model. The empirical results evidences that AfT is effective in reducing time to trade that is a much more important factor than cost to trade in composing total trade transaction costs. The study also finds AfT has disbursed to LAC countries with high trade values, which does not coincide with the principle objective of AfT.
Copyright by SOHN, Jung Eun 2013
ACKNOWLEDGEMENTS
First of all, I want to express my deep gratefulness to my family who support me in every possible way. Second of all, this paper couldn’t have been completed without thoughtful comments of professors: Prof. Changyong Choi, who kindly supervised my thesis; Prof. Jungho Yoo, who amazed me by the depth of his studies and gave me many v


Full Text
Title The impact of aid for trade on cost and time to trade
Similar Titles
Sub Title

The case of Latin America and the Caribbean

Material Type Reports
Author(English)

Sohn, Jung Eun

Publisher

[Seoul]:KDI School of Public Policy and Management

Date 2013
Pages 40
Subject Country Caribbean(Americas)
Central America(Americas)
South America(Americas)
Language English
File Type Documents
Original Format pdf
Subject Economy < Trade
Official Aid < Production
Holding KDI School of Public Policy and Management

Abstract

Tariffs and non-tariff barriers having been reduced, the international society aims at lowering the other trade transaction costs that are greater in developing countries. As a fruit of the effort, WTO launched Aid for Trade (AfT) initiatives in 2005. Due to the considerable amount of AfT, there have been discussions on its effectiveness. This study continues the debate by analyzing the impact of AfT on reducing cost and time to trade in 30 LAC countries, where 10% of AfT destines, for the period of 2004-2010, deploying panel data fixed-effects model. The empirical results evidences that AfT is effective in reducing time to trade that is a much more important factor than cost to trade in composing total trade transaction costs. The study also finds AfT has disbursed to LAC countries with high trade values, which does not coincide with the principle objective of AfT.

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Thesis(Master)