U.S. Global Logistics and Transport A Computable General Equilibrium Model

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Michael P. Barry
Michael P. Barry
1 Mount St. Marys University

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Global logistics companies can reduce the cost of international trade and increase consumer welfare. By reducing total transportation costs and increasing production and distribution efficiencies, these companies allow both exporting and importing countries to use fewer scarce resources to meet the needs of producers and consumers. This paper will employ a computable general equilibrium (CGE) model to quantify the economic impacts of global logistics companies in United States. As a major exporter and importer of goods and services, the United States is in a position to affect the consumer welfare of people around the globe. The CGE model will measure the effect of lowering costs in transportation and logistics for trade between the United States and the world. Results show significant increases in trade and consumer welfare, and interesting shifts in production and consumption. The United States in particular would stand to benefit.

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

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Not applicable for this article.

Michael P. Barry. 2014. \u201cU.S. Global Logistics and Transport A Computable General Equilibrium Model\u201d. Global Journal of Human-Social Science - H: Interdisciplinary GJHSS-H Volume 13 (GJHSS Volume 13 Issue H3): .

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GJHSS Volume 13 Issue H3
Pg. 61- 71
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Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

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January 30, 2014

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Global logistics companies can reduce the cost of international trade and increase consumer welfare. By reducing total transportation costs and increasing production and distribution efficiencies, these companies allow both exporting and importing countries to use fewer scarce resources to meet the needs of producers and consumers. This paper will employ a computable general equilibrium (CGE) model to quantify the economic impacts of global logistics companies in United States. As a major exporter and importer of goods and services, the United States is in a position to affect the consumer welfare of people around the globe. The CGE model will measure the effect of lowering costs in transportation and logistics for trade between the United States and the world. Results show significant increases in trade and consumer welfare, and interesting shifts in production and consumption. The United States in particular would stand to benefit.

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U.S. Global Logistics and Transport A Computable General Equilibrium Model

Michael P. Barry
Michael P. Barry Mount St. Marys University

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