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Trade, Infrastructure, and Roadways in Europe and Central Asia: New Empirical Evidence

Author

Listed:
  • Shepherd, Ben

    (The World Bank)

  • Wilson, John S.

    (The World Bank)

Abstract

Infrastructure quality is a crucial determinant of trade. To assess the importance of regional infrastructure externalities, we use detailed overland transit information from an original road network database. Gravity model simulations suggest that an ambitious but feasible road upgrade could increase trade by 50% over baseline, exceeding the expected gains from tariff reductions or trade facilitation programs of comparable scope. Cross-country spillovers due to overland transit are very large: total intraregional trade could be increased by 30% by upgrading roads in just three countries—Albania, Hungary and Romania. These results bolster the case for regional coordination of infrastructure investments.

Suggested Citation

  • Shepherd, Ben & Wilson, John S., 2007. "Trade, Infrastructure, and Roadways in Europe and Central Asia: New Empirical Evidence," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 22, pages 723-747.
    • Handle: RePEc:ris:integr:0413
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    Citations

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    Cited by:

    1. Felbermayr, Gabriel J. & Tarasov, Alexander, 2022. "Trade and the spatial distribution of transport infrastructure," Journal of Urban Economics, Elsevier, vol. 130(C).
    2. Azhgaliyeva, Dina & Mishra, Ranjeeta & Yoshino, Naoyuki & Karymshakov, Kamalbek, 2021. "Infrastructure and Firm Performance in CAREC Countries: Cross-Sectional Evidence at the Firm Level," ADBI Working Papers 1265, Asian Development Bank Institute.
    3. Jinzhu Zhang & Fangfang Li & Yu Liu & Baodong Cheng, 2019. "An Assessment of Trade Facilitation’s Impacts on China’s Forest Product Exports to Countries Along the “Belt and Road” Based on the Perspective of Ternary Margins," Sustainability, MDPI, vol. 11(5), pages 1-18, March.
    4. Shepherd, Ben, 2013. "Who Profits from Trade Facilitation Initiatives?," CEPR Discussion Papers 9490, C.E.P.R. Discussion Papers.
    5. Yann Duval & Chorthip Utoktham, 2009. "Behind the Border Trade Facilitation in Asia-Pacific: Cost of Trade, Credit Information, Contract Enforcement and Regulatory Coherence," Working Papers 6709, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
    6. A S M Abdul Quium, 2019. "Transport Corridors for Wider Socio–Economic Development," Sustainability, MDPI, vol. 11(19), pages 1-23, September.
    7. Shepherd, Ben & Wilson, John S., 2009. "Trade facilitation in ASEAN member countries: Measuring progress and assessing priorities," Journal of Asian Economics, Elsevier, vol. 20(4), pages 367-383, September.
    8. Gnangnon, Sèna Kimm & Iyer, Harish, 2021. "Effect of Aid for Trade and Foreign Direct Investment Inflows on the Utilization of Unilateral Trade Preferences offered by the QUAD countries," EconStor Preprints 238211, ZBW - Leibniz Information Centre for Economics.
    9. George Cornel Dumitrescu, 2018. "State of Play in Romania`s Road Infrastructure – A Comparative Analysis," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 6(1), June.
    10. Yue Li & John S. Wilson, 2009. "Trade Facilitation and Expanding the Benefits of Trade: Evidence from Firm Leval Data," Working Papers 7109, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..

    More about this item

    Keywords

    International Trade; Europe and Central Asia; Road Transport; Trade Facilitation; Gravity Model;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures

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