Detailed data enables us to examine how the costs of transporting goods imported into the United States have changed over the last thirty years or so. Clear trends emerge, yet the link with the price of oil – a significant component of these costs – is not always obvious. It is only by conducting an econometric analysis that the real impact of the price of oil on the choice of mode of transport, imported product prices and the division of the market between supplier countries can be determined. The results obtained appear to indicate that, due to their impact on transport costs, rising oil prices actually undermine global integration by favouring countries located close to the world's major markets over those that are further away.
oil prices; oil; transport costs; globalisation; econometric
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