Trade, transport costs and trade imbalances: An empirical examination of international markets and backhauls
The US trade deficit has been growing for over 25 years and has been accompanied by
enlarging freight rate differentials. While traditional models of trade have ignored these gaps
assuming symmetry across all bilateral trade costs, the specific linkages between trade
imbalances and international transportation costs have remained unexplored. Given the
current trade policies, the implications arising from the endogenous adjustment of bilateral
transport costs to policy‐induced changes in the US trade deficit are of particular …
enlarging freight rate differentials. While traditional models of trade have ignored these gaps
assuming symmetry across all bilateral trade costs, the specific linkages between trade
imbalances and international transportation costs have remained unexplored. Given the
current trade policies, the implications arising from the endogenous adjustment of bilateral
transport costs to policy‐induced changes in the US trade deficit are of particular …
Trade, transport costs and trade imbalances: An empirical examination of international markets and backhauls
The US trade deficit has been growing for over 25 years and has been accompanied by
enlarging freight rate differentials. While traditional models of trade have ignored these gaps
assuming symmetry across all bilateral trade costs, the specific linkages between trade
imbalances and international transportation costs have remained unexplored. Given the
current trade policies, the implications arising from the endogenous adjustment of bilateral
transport costs to policy-induced changes in the US trade deficit, for example, are of …
enlarging freight rate differentials. While traditional models of trade have ignored these gaps
assuming symmetry across all bilateral trade costs, the specific linkages between trade
imbalances and international transportation costs have remained unexplored. Given the
current trade policies, the implications arising from the endogenous adjustment of bilateral
transport costs to policy-induced changes in the US trade deficit, for example, are of …
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