Title: Infrastructure and trade
Subtitle: A gravity analysis for major trade categories using a new index of infrastructure
Authors: Donaubauer, Julian 
Glas, Alexander
Nunnenkamp, Peter
Language: eng
Issue Date: 2016
Publisher: Kiel Institute for the World Economy
Document Type: Working Paper
Journal / Series / Working Paper (HSU): Kiel working paper 
Publisher Place: Kiel
Abstract: 
Making use of considerably improved measures of infrastructure, we assess the impact of infrastructure on bilateral trade for a panel of 37 developed and emerging economies during the period 1995-2011. We find significant and non-linear effects of overall infrastructure and infrastructure in transportation, communication, energy, and finance on trade in consumption goods, capital goods, and intermediates. Our major findings prove to be robust to various modifications and extensions of the gravity model. Importantly, we still observe significant and non-linear effects of infrastructure on bilateral trade after accounting for potential reverse causality.
Organization Units (connected with the publication): VWL, insb. Konjunktur und Wachstum 
URL: http://hdl.handle.net/10419/125932
Appears in Collections:2016

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