Trade Facilitation and Innovation: Evidence from South Asia Subregional Economic Cooperation Countries

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dc.contributor.authorADB; Shepherd, Ben; Kumar, Utsav; Dime, Roselle
dc.date.accessioned2021-10-05T15:03:17Z
dc.date.available2021-10-05T15:03:17Z
dc.date.issued2018-04
dc.descriptionSouth Asia Subregional Economic Cooperation countries can improve their trade facilitation performances as a way to promote innovation. Shorter trade times encourage the introduction of new projects and management systems at firm levels. Using data from over 120,000 firms in 125 mostly developing and transition economies, this paper examines how trade times affect innovation behavior. Analysis shows that shorter trade times are associated with the introduction of new products and new management systems. From a policy perspective, results suggest that long-run growth in the South Asia Subregional Economic Cooperation (SASEC) countries can be supported in part by improving trade facilitation, where performance lags substantially behind the global frontier. This paper has shown that trade facilitation performance, as measured by the time taken for goods to clear customs, has a significant impact on firm-level innovation. This finding suggests that SASEC policy makers would do well to consider ways in which they could improve trade facilitation performance as one way of promoting innovation.
dc.format.extent22
dc.identifier.isbnN/A
dc.identifier.isbnN/A
dc.identifier.issn2313-5867
dc.identifier.issn2313-5875
dc.identifier.urihttps://www.adb.org/publications/trade-facilitation-innovation-evidence-sasec
dc.identifier.urihttps://hdl.handle.net/20.500.14540/5288
dc.subject.otherRegional cooperation and integration
dc.titleTrade Facilitation and Innovation: Evidence from South Asia Subregional Economic Cooperation Countries
local.publication.countryBangladesh
local.publication.countryIndia
local.publication.countryNepal
local.publication.countrySri Lanka

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