Timeliness and Contract Enforceability in Intermediate Goods Trade / World Trade Organization.

Format:

Book

Government document

Author/Creator:

World Trade Organization.

Series:

WTO Working Papers, 25189808 ; no.2010/14.

WTO Working Papers, 25189808 ; no.2010/14

Language:

English

Subjects (All):

Economic research and trade policy analysis.

Local Subjects:

Economic research and trade policy analysis.

Physical Description:

1 online resource (26 pages).

Place of Publication:

Geneva : World Trade Organization, 2010.

System Details:

text file

Summary:

This paper shows that the institutional environment and the ability to export on time are sources of comparative advantage as important as factors of production. In particular, the ability to export on time is crucial to explain comparative advantage in intermediate goods. These findings underscore the importance of investing in infrastructure and fostering trade facilitation to boost a country's participation in production networks. Furthermore, we contribute to the so-called "distance puzzle" by showing that the increasing importance of distance over time is in part driven by trade in intermediate goods.

Access Restriction:

Restricted for use by site license.