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Despite its several inherent weaknesses, Doing Business compiled by the World Bank is still the most widely used assessment of the trade facilitation status among developing country policymakers as well as economists. In this paper, we suggest that the use of trade costs calculated based on trade statistics in conjunction with Doing Business data is helpful in drawing up sector-specific trade facilitation policies. Unlike Doing Business, we can obtain long-term commodity-level trade costs if trade statistics are used.
Journal of International Commerce, Economics and Policy – World Scientific Publishing Company
Published: Jun 1, 2012
Keywords: Trade costs transport costs trade facilitation commodity level c.i.f./f.o.b JEL Classifications: F13 JEL Classifications: F14 JEL Classifications: F15 JEL Classifications: O24
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