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DESCRIPTION:Trade Development and Political Economy Group Present: Supply C
 hain Uncertainty as a Trade BarrierSpeaker: Valentina Kozlova (Assistant P
 rofessor of Economics\, SUNY - Oswego)Authors: Don Clark\, Valentina Kozlo
 va and Georg SchaurAbstract: This paper investigates the impact of supply 
 chain uncertainty on trade. Importers hold safety stock to hedge against d
 elays in delivery. An increase in supply chain uncertainty raises safety s
 tocks\, increases inventory holding costs\, and reduces imports from locat
 ions with high delivery time uncertainty. Supply chain uncertainty is meas
 ured using detailed data on actual and expected arrival times of vessels a
 t U.S. ports. Delivery delays are found to significantly reduce trade volu
 mes in the same manner as other nontariff barriers. A 10 percent increase 
 in supply-chain uncertainty reduces imports by as much as 4.2 percent. Mea
 suring supply chain uncertainty costs can help us assess both costs associ
 ated with shipment delays and the economic impact of policies intended to 
 facilitate trade such as streamlined cargo screening\, improved customs pr
 ocedures\, and investment in port infrastructure.Short Bio: Valentina Kozl
 ova 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
  Uncertainty as a Trade Barrier
UID:RFCALITEM639140339782633875
X-ALT-DESC;FMTTYPE=text/html:Trade Development and Political Economy Group 
 Present: Supply Chain Uncertainty as a Trade Barrier<br><br>Speaker: Valen
 tina Kozlova <br>(Assistant Professor of Economics\, SUNY - Oswego)<br><br
 >Authors: Don Clark\, Valentina Kozlova and Georg Schaur<br><br>Abstract: 
 This paper investigates the impact of supply chain uncertainty on trade. I
 mporters hold safety stock to hedge against delays in delivery. An increas
 e in supply chain uncertainty raises safety stocks\, increases inventory h
 olding costs\, and reduces imports from locations with high delivery time 
 uncertainty. Supply chain uncertainty is measured using detailed data on a
 ctual and expected arrival times of vessels at U.S. ports. Delivery delays
  are found to significantly reduce trade volumes in the same manner as oth
 er nontariff barriers. A 10 percent increase in supply-chain uncertainty r
 educes imports by as much as 4.2 percent. Measuring supply chain uncertain
 ty costs can help us assess both costs associated with shipment delays and
  the economic impact of policies intended to facilitate trade such as stre
 amlined cargo screening\, improved customs procedures\, and investment in 
 port infrastructure.<br><br>Short Bio: Valentina Kozlova is Assistant Prof
 essor 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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