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

Embargo Date

11-15-2016

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Date Posted: 27 November 2017

This document has been peer reviewed.