Per-Shipment Costs and the Lumpiness of International Trade
Cecília Hornok and Miklós Koren
Using detailed U.S. and Spanish export data, we document that trade costs of a per-shipment nature are associated with less frequent and larger shipments, i.e. more lumpiness, in international trade. This finding is pervasive across broad product categories, but most apparent for food products, industrial supplies and parts and accessories.
Please cite as
Cecília Hornok and Miklós Koren, 2015. “Per-Shipment Costs and the Lumpiness of International Trade.” Review of Economics and Statistics. 97(2), pp. 525-530. bib