This paper proposes an easy-to-follow approach to track merchandise trade using vessel data and applies it to Pacific island countries. Pacific islands rely heavily on imports and maritime transport for trade. They are also highly vulnerable to climate change and natural disasters that pose risks to ports and supply chains. Using satellite-based vessel tracking data from the UN Global Platform, we construct daily indicators of port and trade activity for Pacific island countries. The algorithm significantly advances estimation techniques of previous studies, particularly by employing ways to overcome challenges with the estimation of cargo payloads, using detailed information on shipping liner schedules to validate port calls, and applying country-specific information to define port boundaries. The approach can complement and help fill gaps in official data, provide early warning signs of turning points in economic activity, and assist policymakers and international organizations to monitor and provide timely responses to shocks (e.g., COVID-19)
Tracking trade from space : an application to Pacific Island countries
2021
1 Online-Ressource (circa 40 Seiten)
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English
Macroeconomics , Hospitality, leisure & tourism industries , Fiji, Republic of , Balance of trade , Climate , Trade , Natural Disasters and Their Management , Natural Disasters , Informal sector; Economics , Industries: Hospital,Travel and Tourism , Tourism , Empirical Studies of Trade , Restaurants , Currency crises , Global Supply Chains , Infectious & contagious diseases , Diseases: Contagious , Recreation , Environmental Economics , Economic & financial crises & disasters , COVID-19 , Economics: General , Environment , Asia and Pacific , Large Data Sets , Health , Forecasting and Other Model Applications , Climate Change , Trade: Forecasting and Simulation , Global Warming , Gambling , Sports , Big Data , Communicable diseases , Trade balance , Exports and Imports , Health Behavior , Large Data Sets: Modeling and Analysis , Imports , Economic sectors , International economics , Trade: General , International trade , Economics of specific sectors , Natural disasters
Far East Pacific Rim Countries... Growing Trade Opportunities
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