Real Estate Papers
Document Type
Journal Article
Date of this Version
3-2015
Publication Source
Economics of Transportation
Volume
4
Issue
1-2
Start Page
16
Last Page
36
DOI
10.1016/j.ecotra.2014.11.003
Abstract
I estimate the effect of major roads within and between cities on the level and composition of trade for Colombian cities. I confirm that road distance between cities is a major impediment to trade. In addition, major roads within cities have a large effect on a city׳s exports and imports with an elasticity of approximately 0.20 estimated with ols and up to 0.50 with iv. If anything, the effects are stronger for the value than for the weight of exports. I interpret these results as city roads shifting economic activity in cities towards the production of tradable and somewhat lighter goods.
Copyright/Permission Statement
© 2015. This manuscript version is made available under the CC-BY-NC-ND 4.0 license.
Keywords
roads, trade, Colombia, specialisation, market access
Recommended Citation
Duranton, G. (2015). Roads and Trade in Colombia. Economics of Transportation, 4 (1-2), 16-36. http://dx.doi.org/10.1016/j.ecotra.2014.11.003
Embargo Date
11-15-2016
Date Posted: 27 November 2017
This document has been peer reviewed.