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Even though we may not be able to talk clearly in causation terms our estimates provide a credible and unique assessment of the association between maritime connectivity and bilateral export of containerizable goods.
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Empirical analysis section is dedicated to the assessment of the impact of the revised LSBCI and of its components on bilateral exports of containerizable goods.
First it presents a revised version of the LSBCI which provides an overall view of maritime connectivity.1 Second, the impact of the revised LSBCI and of its components on bilateral exports of containerizable goods is assessed using a comprehensive set of country pairs observed for 8 years during the period 2006 2013.
This paper presents an empirical assessment of the relationship between bilateral maritime liner shipping connectivity and exports in containerizable goods during the period 2006 2013.
Thanks to containerization and the global liner shipping network, small and large exporters and importers of finished and intermediate containerizable goods from far away countries can trade with each-other, even if their individual trade transaction would not economically justify chartering a ship.
But the export of consumer goods as well as capital goods improved.
Further, even when dealing with this type of production, it seems risky to directly associate low export quality with the export of final goods.
The Export-Import Bank assists in financing the export of US goods and services to international markets through direct loans, loan guarantees, as well as special financing programs.
The newly developed LSBCI Liner Shipping Bilaterall Connectivity Index) used in this paper proves to be a reliable indicator of maritime connectivity as far as trade in containerizable goods is concerned.
And, during the whole period, the USA is the largest exporter of intermediate goods with, approximately, 44% of the total exports and 63.5% of its total exports.
There is also some direct correlation (0.40) between GDP per-capita growth and export of good and services.
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