Infrastructure, Geographical Disadvantage, Transport Costs, and Trade.
The authors use different data sets to investigate the dependence of transport costs on geography and infrastructure. Infrastructure is an important determinant of transport costs, especially for landlocked countries. Analysis of bilateral trade data confirms the importance of infrastructure and gives an estimate of the elasticity of trade flows with respect to the trade cost factor of around -3. A deterioration of infrastructure from the median to the 75th percentile raises transport costs b...Expand abstract
- World Bank Economic Review
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