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DESCRIPTION:Trade Development and Political Economy Group Present: Supply C
 hain Uncetainty As A Trade BarrierSpeaker: Valentina Kozlova (Assistant Pr
 ofessor of Economics\, SUNY - Oswego)Authors: Don Clark\, Valentina Kozlov
 a and Georg SchaurAbstract: This paper investigates the impact of supply c
 hain uncertainty on trade. Importers hold safety stock to hedge against de
 lays in delivery. An increase in supply chain uncertainty raises safety st
 ocks\, increases inventory holding costs\, and reduces imports from locati
 ons with high delivery time uncertainty. Supply chain uncertainty is measu
 red using detailed data on actual and expected arrival times of vessels at
  U.S. ports. Delivery delays are found to significantly reduce trade volum
 es in the same manner as other nontariff barriers. A 10 percent increase i
 n supply-chain uncertainty reduces imports by as much as 4.2 percent. Meas
 uring supply chain uncertainty costs can help us assess both costs associa
 ted with shipment delays and the economic impact of policies intended to f
 acilitate trade such as streamlined cargo screening\, improved customs pro
 cedures\, and investment in port infrastructure.Short Bio: Valentina Kozlo
 va is Assistant Professor of Economics at SUNY-Oswego. She specializes in 
 International Trade.Monday\, October 14\, 20134:00 pm
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SUMMARY:Trade Development and Political Economy Group Present: Supply Chain
  Uncetainty As A Trade Barrier
UID:RFCALITEM639141192376428861
X-ALT-DESC;FMTTYPE=text/html:Trade Development and Political Economy Group 
 Present: Supply Chain Uncetainty As A Trade Barrier<br><br>Speaker: Valent
 ina Kozlova <br>(Assistant Professor of Economics\, SUNY - Oswego)<br><br>
 Authors: Don Clark\, Valentina Kozlova and Georg Schaur<br><br>Abstract: T
 his paper investigates the impact of supply chain uncertainty on trade. Im
 porters hold safety stock to hedge against delays in delivery. An increase
  in supply chain uncertainty raises safety stocks\, increases inventory ho
 lding costs\, and reduces imports from locations with high delivery time u
 ncertainty. Supply chain uncertainty is measured using detailed data on ac
 tual and expected arrival times of vessels at U.S. ports. Delivery delays 
 are found to significantly reduce trade volumes in the same manner as othe
 r nontariff barriers. A 10 percent increase in supply-chain uncertainty re
 duces imports by as much as 4.2 percent. Measuring supply chain uncertaint
 y costs can help us assess both costs associated with shipment delays and 
 the economic impact of policies intended to facilitate trade such as strea
 mlined cargo screening\, improved customs procedures\, and investment in p
 ort infrastructure.<br><br>Short Bio: Valentina Kozlova is Assistant Profe
 ssor of Economics at SUNY-Oswego. She specializes in International Trade.<
 br><br>Monday\, October 14\, 2013<br>4:00 pm<br><br>
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