Timeliness and Contract Enforceability in Intermediate Goods Trade
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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, the paper contributes 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.
Palabras clave
AGRICULTURE, AIR, AIRPORTS, BENCHMARK, BILATERAL TRADE, CAPITAL GOODS, CAPITAL PER WORKER, CAPITAL STOCK, CAR, CARRIERS, CERTAIN EXTENT, COMPARATIVE ADVANTAGE, COMPETITIVENESS, CONSUMERS, CURRENCY, DEVELOPING COUNTRIES, DIVISION OF LABOR, ECONOMIC ANALYSIS, ECONOMIC DEVELOPMENT, ECONOMIC RESEARCH, ELASTICITY, ELASTICITY OF TRADE, EMPIRICAL ANALYSIS, EMPIRICAL STUDIES, END USE, EQUILIBRIUM THEORY, EXPORT SHARE, EXPORTS, FACTOR ENDOWMENTS, FACTORS OF PRODUCTION, FINAL GOODS, FREIGHT, GENERAL EQUILIBRIUM, GRAVITY MODEL, GRAVITY MODELS, HUMAN CAPITAL, INDUSTRY TRADE, INTERMEDIATE GOODS, INTERMEDIATE IMPORTS, INTERMEDIATE INPUTS, INTERNATIONAL ECONOMICS, INTERNATIONAL PRODUCTION, INTERNATIONAL TRADE, MOTOR VEHICLES, OUTSOURCING, PATTERN OF TRADE, PATTERNS OF TRADE, POLITICAL ECONOMY, PROPERTY RIGHTS, QUALITY OF TRANSPORT, RAIL, RAIL NETWORK, RAILROADS, ROAD, RUNWAYS, SKILLED LABOR, SOURCING, SPECIALIZATION, TARIFF DATA, THEORETICAL MODELS, TRADE BARRIER, TRADE COSTS, TRADE FACILITATION, TRADE FLOWS, TRADE PATTERNS, TRADE POLICY, TRADE STRUCTURE, TRADE VOLUME, TRADE VOLUMES, TRANSIT, TRANSPORT COSTS, TRANSPORT INFRASTRUCTURE, TRUE, VALUE OF EXPORTS, VERTICAL SPECIALIZATION, VOLUME OF TRADE, WORLD TRADE, WORLD TRADE ORGANIZATION, WTO