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Investing in port infrastructure to lower trade costs in East Asia

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  • Investing in port infrastructure to lower trade costs in East Asia
  • Abe, Kazutomo; Wilson, John S.
  • Korea Institute for International Economic Policy


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Title Investing in port infrastructure to lower trade costs in East Asia
Similar Titles
Material Type Articles
Author(English)

Abe, Kazutomo; Wilson, John S.

Publisher

[Seoul]:Korea Institute for International Economic Policy

Date 2011-06
Journal Title; Vol./Issue Journal of East Asian Economic Integration:vol. 15(no. 2)(Summer 2011)
Pages 30
Subject Country Eastern Asia(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Holding Korea Institute for International Economic Policy

Abstract

We examine how port infrastructure affects trade and role of transport costs in driving exports and imports for East Asia. Existing studies use survey indexes to explain transport costs. These do not link investment in port infrastructure to transport costs. We include in our estimates a variable to represent the congestion of the ports to explain the transport costs. We find that the port congestion has significantly increased the transport costs from East Asia to the United States. Our analysis suggests that increase in port capacity by 10 percent could cut transport cost in East Asia by up to three percent. This translates into a 0.3 to 0.5 percent across-the-board tariff cut.