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ASSESSING THE POTENTIAL BENEFIT OF TRADE FACILITATION: A GLOBAL PERSPECTIVE

John S. Wilson, Catherine L. Mann, Tsunehiro Otsuki

Abstract

AbstractThe following sections are included:IntroductionOverview of Previous WorkDefinition of Trade FacilitationMeasuring the Impact of Trade FacilitationData in This StudyRationale for These Indicators of Trade FacilitationConstructing the Measures Used in This StudyTrade Flows and Other VariablesThe Econometric Model and ResultsAn Aside on the Gravity ModelOur Gravity Model SpecificationRegression ResultsImplications of Geographical CharacteristicsRobustness of the OLS EstimatorsPotential Benefits from Trade Facilitation: Simulation ResultsSimulation Design and Aggregate ResultsExports and Imports by RegionDomestic and Partner ImprovementsConclusions and Approach to Capacity Building DesignData AppendixReferences

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Key concepts: Trade facilitation, Gravity model of trade, Economics, International trade, International economics, Trade barrier, Aggregate (composite), Perspective (graphical)