The Impact of Technological Change on New Trade: Evidence from the Container Revolution
利用历史数据估计集装箱革命对温敏产品新贸易的影响，发现集装箱化使1964-1973年间新贸易概率增加2.4%，1964-1983年间增加7.5%。
Abstract We estimate the impact of the container revolution on new trade in temperature‐sensitive products. Our identification strategy is justified by a historical narrative suggesting that the containerization of bilateral trading routes was exogenous to the occurrence of new trade in temperature‐sensitive products because their small trade volumes made them inconsequential for the adoption of the container technology. Employing product‐level data on containerizability, our benchmark estimates imply that containerization caused an increase in the likelihood of new trade in temperature‐sensitive products in the orders of 2.4% between 1964 and 1973 and 7.5% between 1964 and 1983.