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		<title>Scipediacontent: Created page with &quot; == Abstract ==  This paper studies the impact of             transport infrastructure projects of the Belt and Road             Initiative on shipment times and trade costs....&quot;</title>
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		<summary type="html">&lt;p&gt;Created page with &amp;quot; == Abstract ==  This paper studies the impact of             transport infrastructure projects of the Belt and Road             Initiative on shipment times and trade costs....&amp;quot;&lt;/p&gt;
&lt;p&gt;&lt;b&gt;New page&lt;/b&gt;&lt;/p&gt;&lt;div&gt;&lt;br /&gt;
== Abstract ==&lt;br /&gt;
&lt;br /&gt;
This paper studies the impact of             transport infrastructure projects of the Belt and Road             Initiative on shipment times and trade costs. Based on a new             data on completed and planned Belt and Road transport             projects, Geographic Information System analysis is used to             estimate shipment times before and after the Belt and Road             Initiative. Two sets of data are computed to address             different research questions: a global database based on an             analysis of 1,000 cities in 191 countries and 47 sectors and             a regional database that focuses on more granular             information (1,818 cities) for Belt and Road economies only.             The paper uses sectoral estimates of âvalue of timeâ to             transform changes in shipment times into changes in ad             valorem trade costs at the country-sector level. The             findings show that the Belt and Road Initiative will             significantly reduce shipment times and trade costs. For the             world, the average reduction in shipment time will range             between 1.2 and 2.5 percent, leading to reduction of             aggregate trade costs between 1.1 and 2.2 percent. For Belt             and Road economies, the change in shipment times and trade             costs will range between 1.7 and 3.2 percent and 1.5 and 2.8             percent, respectively. Belt and Road economies located along             the corridors where projects are built experience the             largest gains. Shipment times along these corridors decline             by up to 11.9 percent and trade costs by up to 10.2 percent.             The paper also shows that these effects are magnified by             policy reforms that reduce border delays and improve             corridor management.&lt;br /&gt;
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Document type: Article&lt;br /&gt;
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== Full document ==&lt;br /&gt;
&amp;lt;pdf&amp;gt;Media:Draft_Content_704203629-beopen1554-8389-document.pdf&amp;lt;/pdf&amp;gt;&lt;br /&gt;
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&lt;br /&gt;
== Original document ==&lt;br /&gt;
&lt;br /&gt;
The different versions of the original document can be found in:&lt;br /&gt;
&lt;br /&gt;
* [http://dx.doi.org/10.1596/1813-9450-8614 http://dx.doi.org/10.1596/1813-9450-8614] under the license https://creativecommons.org/licenses/by&lt;br /&gt;
&lt;br /&gt;
* [http://dx.doi.org/10.17016/ifdp.2020.1274 http://dx.doi.org/10.17016/ifdp.2020.1274]&lt;br /&gt;
&lt;br /&gt;
* [https://doi.org/10.17016/ifdp.2020.1274 https://doi.org/10.17016/ifdp.2020.1274]&lt;br /&gt;
&lt;br /&gt;
* [https://openknowledge.worldbank.org/bitstream/10986/30582/1/WPS8614.pdf https://openknowledge.worldbank.org/bitstream/10986/30582/1/WPS8614.pdf]&lt;br /&gt;
&lt;br /&gt;
* [https://openknowledge.worldbank.org/bitstream/10986/30582/1/WPS8614.pdf https://openknowledge.worldbank.org/bitstream/10986/30582/1/WPS8614.pdf] under the license cc-by&lt;br /&gt;
&lt;br /&gt;
* [http://documents.worldbank.org/curated/en/592771539630482582/How-Much-Will-the-Belt-and-Road-Initiative-Reduce-Trade-Costs http://documents.worldbank.org/curated/en/592771539630482582/How-Much-Will-the-Belt-and-Road-Initiative-Reduce-Trade-Costs],&lt;br /&gt;
: [http://hdl.handle.net/10986/30582 http://hdl.handle.net/10986/30582] under the license cc-by&lt;br /&gt;
&lt;br /&gt;
* [http://dx.doi.org/10.17016/ifdp.2020.1274 http://dx.doi.org/10.17016/ifdp.2020.1274],&lt;br /&gt;
: [https://academic.microsoft.com/#/detail/3008876098 https://academic.microsoft.com/#/detail/3008876098] under the license http://creativecommons.org/licenses/by/3.0/igo&lt;br /&gt;
&lt;br /&gt;
* [https://api.elsevier.com/content/article/PII:S2110701719301799?httpAccept=text/xml https://api.elsevier.com/content/article/PII:S2110701719301799?httpAccept=text/xml],&lt;br /&gt;
: [https://api.elsevier.com/content/article/PII:S2110701719301799?httpAccept=text/plain https://api.elsevier.com/content/article/PII:S2110701719301799?httpAccept=text/plain],&lt;br /&gt;
: [http://dx.doi.org/10.1016/j.inteco.2019.07.003 http://dx.doi.org/10.1016/j.inteco.2019.07.003]&lt;br /&gt;
&lt;br /&gt;
* [https://www.federalreserve.gov/econres/ifdp/files/ifdp1274.pdf https://www.federalreserve.gov/econres/ifdp/files/ifdp1274.pdf],&lt;br /&gt;
: [https://www.federalreserve.gov/econres/ifdp/how-much-will-the-belt-and-road-initiative-reduce-trade-costs.htm https://www.federalreserve.gov/econres/ifdp/how-much-will-the-belt-and-road-initiative-reduce-trade-costs.htm],&lt;br /&gt;
: [https://www.sciencedirect.com/science/article/pii/S2110701719301799 https://www.sciencedirect.com/science/article/pii/S2110701719301799],&lt;br /&gt;
: [https://openknowledge.worldbank.org/handle/10986/30582 https://openknowledge.worldbank.org/handle/10986/30582],&lt;br /&gt;
: [http://documents.worldbank.org/curated/en/592771539630482582/How-Much-Will-the-Belt-and-Road-Initiative-Reduce-Trade-Costs http://documents.worldbank.org/curated/en/592771539630482582/How-Much-Will-the-Belt-and-Road-Initiative-Reduce-Trade-Costs],&lt;br /&gt;
: [https://ideas.repec.org/p/fip/fedgif/1274.html https://ideas.repec.org/p/fip/fedgif/1274.html],&lt;br /&gt;
: [https://datacatalog.worldbank.org/node/144634/download https://datacatalog.worldbank.org/node/144634/download],&lt;br /&gt;
: [https://documents.shihang.org/curated/zh/592771539630482582/How-Much-Will-the-Belt-and-Road-Initiative-Reduce-Trade-Costs https://documents.shihang.org/curated/zh/592771539630482582/How-Much-Will-the-Belt-and-Road-Initiative-Reduce-Trade-Costs],&lt;br /&gt;
: [https://documents.albankaldawli.org/curated/ar/592771539630482582/How-Much-Will-the-Belt-and-Road-Initiative-Reduce-Trade-Costs https://documents.albankaldawli.org/curated/ar/592771539630482582/How-Much-Will-the-Belt-and-Road-Initiative-Reduce-Trade-Costs],&lt;br /&gt;
: [http://documents.vsemirnyjbank.org/curated/ru/592771539630482582/How-Much-Will-the-Belt-and-Road-Initiative-Reduce-Trade-Costs http://documents.vsemirnyjbank.org/curated/ru/592771539630482582/How-Much-Will-the-Belt-and-Road-Initiative-Reduce-Trade-Costs],&lt;br /&gt;
: [https://EconPapers.repec.org/RePEc:fip:fedgif:1274 https://EconPapers.repec.org/RePEc:fip:fedgif:1274],&lt;br /&gt;
: [https://fedinprint.org/item/fedgif/87528/original https://fedinprint.org/item/fedgif/87528/original],&lt;br /&gt;
: [https://academic.microsoft.com/#/detail/2897961272 https://academic.microsoft.com/#/detail/2897961272] under the license https://www.elsevier.com/tdm/userlicense/1.0/&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
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DOIS: 10.1596/1813-9450-8614 10.1016/j.inteco.2019.07.003 10.17016/ifdp.2020.1274&lt;/div&gt;</summary>
		<author><name>Scipediacontent</name></author>	</entry>

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