The Impacts of Trade Facilitation Measures on International Trade Flows

This paper analyzes the impacts of selected trade facilitation measures on international trade flows. A gravity model is used to estimate four equations: a pooled cross-section model; a fixed-effects model; a random effects model; and a Poisson maximum likelihood estimator. The contribution of the paper is twofold. First, the analysis uses a recent data set, a panel that includes trade data from 2011 and 2012 for 72 countries. Second, to measure the impacts of trade facilitation measures, the analysis includes dummy variables for the presence of an authorized economic operator program, the existence of a single-window program in the countries in the sample, and the existence of a mutual recognition arrangement between pairs of countries in the sample. The results show that the presence of an authorized economic operator program and the existence of a single-window program will improve countries’ trade performance. By contrast, the existence of a mutual recognition arrangement will not necessarily improve countries’ trade performance. These results suggest that, in general, trade facilitation measures as a whole will help countries improve their trade performance.

Bibliographic Details

Main Authors:	de Sá Porto, Paulo C., Canuto, Otaviano, Morini, Cristiano
Format:	Working Paper biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2015-07
Subjects:	TARIFFS, INDUSTRIALIZED COUNTRIES, NOMINAL VALUE, TRADE POLICY AGENDA, CUSTOMS ADMINISTRATION, MULTILATERAL TRADE, IMPORT PROCEDURES, TARIFF RATES, WORLD TRADE ORGANIZATION, REGIONAL TRADE AGREEMENTS, NATIONAL ECONOMIES, GRAVITY MODELS, TRADE BARRIERS, EXPORT PERFORMANCE, IMPACT OF TRADE, EXPORT PROCEDURES, PROTECTIONIST, EXPORTS, DEVELOPING COUNTRIES, TRADE FLOWS, GRAVITY MODEL APPROACH, WELFARE, ECONOMIC POLICY, REGIONAL AGREEMENTS, GRAVITY MODEL, EQUILIBRIUM, VARIABLES, TRADE PERFORMANCE, ITC, PAYMENTS, QUALITY, EQUIVALENT VALUE, MARKET ACCESS, PREFERENTIAL TRADE AREA, FREE TRADE, INTERNATIONAL BANK, TRANSPORT SERVICES, CONFORMITY ASSESSMENTS, MUTUAL RECOGNITION ARRANGEMENT, TRADE AGREEMENTS, CUSTOMS PROCEDURES, EXPORTING COUNTRY, DEVELOPMENT, PREFERENTIAL TRADE AGREEMENTS, INFLUENCE, FOREIGN TRADE, TOTAL FACTOR PRODUCTIVITY, DEVELOPMENT ECONOMICS, FOREIGN MARKET, REGULATORY BARRIERS, REGIONAL TRADE, REGIONAL TRADE ARRANGEMENTS, ECONOMIC COOPERATION, CUSTOMS, LOGISTICS, BASE YEAR, CRITERIA, WTO, AGREEMENT ON TRADE, ACCESS, INTERNATIONAL ECONOMICS, IMPORTS, TRADE POLICY, PORTS, GROSS DOMESTIC PRODUCT, VOLUME OF TRADE, GRAVITY EQUATION, IMPORT TARIFFS, COMMON MARKET, TRADE MORE, MANUFACTURING, EQUILIBRIUM ANALYSIS, TRADE VOLUME, GENERAL EQUILIBRIUM, INTERREGIONAL TRADE, TRANSIT, BENEFITS OF TRADE, INTERNATIONAL TRADE, REGIONALISM, VALUE, COMPETITIVENESS, TRADE ARRANGEMENTS, EUROPEAN UNION, PREFERENTIAL TRADE ARRANGEMENTS, MULTILATERAL NEGOTIATIONS, INEFFICIENCY, GLOBAL TRADE ANALYSIS, TRADE AREA, TRADE FACILITATION, TRADE LIBERALIZATION, MULTILATERAL TRADE LIBERALIZATION, TRADE DATA, IMPORTING COUNTRY, PARTIAL EQUILIBRIUM ANALYSIS, REGIONAL INTEGRATION, ECONOMIC INTEGRATION, TRADE, MUTUAL RECOGNITION, GDP, GOODS, GLOBAL TRADE, BILATERAL TRADE, PREFERENTIAL TRADE, REGIONAL DEVELOPMENT, BUSINESS ENVIRONMENT, TARIFF, BENEFITS OF TRADE FACILITATION, FREE TRADE AREA, WORLD TRADE, POLICY RESEARCH, MUTUAL RECOGNITION ARRANGEMENTS, COMMERCIAL RECORDS, EXCHANGE RATE, NEWLY INDUSTRIALIZED COUNTRIES, VALUE OF EXPORTS, DEVELOPMENT POLICY,
Online Access:	http://documents.worldbank.org/curated/en/2015/07/24779062/impacts-trade-facilitation-measures-international-trade-flows https://hdl.handle.net/10986/22451
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