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The research behind the advice

Ideas, tested.

Journal articles spanning trade policy, services, logistics, and economic modeling. Explore the findings, what they mean for policy, and the papers themselves.

42 articles

2026
Trade policy

Border frictions and potential trade in the structural gravity model

Ben Shepherd

Applied Economics Letters, 33(10), 1694–1698 · Online first: 2025

This article gives “potential trade” a concrete economic meaning: the trade that would occur if an exporter-specific border friction were removed. It shows how to calculate that friction and simulate the change using a structural gravity model.

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2026
Methods & measurement

The Surprising Bias of PPML Estimates of Structural Gravity Models With Two-Way Fixed Effects

Ben Shepherd and Tom Zylkin

Review of International Economics, 34(3), 615–631

This article examines finite-sample bias in PPML estimates of structural gravity models with exporter and importer fixed effects. It combines a theoretical characterization, simulations, and an application to observed trade data to assess when bias matters and how to reduce it.

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2025
Methods & measurement

Bias in Poisson Pseudo-Maximum Likelihood estimation of structural gravity models: how much of a problem for applied research?

Ben Shepherd

Applied Economics Letters, 32(2), 222–227 · Online first: 2023

This article revisits influential simulation evidence that PPML performs poorly in structural gravity estimation. It shows how the size of the simulated bias depends on the amount of unexplained variation in trade data.

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2025
Methods & measurement

Pre-trends matter for estimating the causal effect of the WTO on bilateral trade

Ben Shepherd and Anirudh Shingal

Applied Economics Letters · Online first: October 30, 2025

This article reassesses the trade effect of WTO membership using structural gravity and methods that allow accession effects to differ across cohorts. It examines whether countries’ trade was already evolving differently before membership.

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2023
Trade facilitation & logistics

Extending and understanding: an application of machine learning to the World Bank’s logistics performance index

Ben Shepherd and Tanaporn Sriklay

International Journal of Physical Distribution & Logistics Management, 53(9), 985–1014

This article uses machine learning and widely available country data to extend the coverage of the World Bank’s Logistics Performance Index. It also identifies groups of country characteristics that help predict logistics performance.

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2023
Trade in services

Regional integration and services in African value chains: Retrospect and prospect

Ben Shepherd

The World Economy, 46(11), 3231–3258

This article examines how services contribute to African value chains, both as exports and as inputs embodied in goods. It combines value-added accounting with simulations of regional goods-market integration.

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2022
Global value chains

Modelling global value chains: From trade costs to policy impacts

Ben Shepherd

The World Economy, 45(8), 2478–2509 · 2022 Corden Prize

This article connects trade-policy changes to global value-chain trade through a multi-country, multi-sector model with input-output links. An application examines the contribution of improvements in trade facilitation between 2015 and 2019.

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2022
Trade & development

Trade, conflict and informality: Evidence from the South Sudanese civil war

Jakob Rauschendorfer and Ben Shepherd

The World Economy, 45(3), 867–894 · Online first: 2021

Civil conflict can disrupt neighboring economies through cross-border trade, with very different consequences for formal businesses and informal traders. This article combines Ugandan customs records with surveys of informal trade to examine the effects of the South Sudanese civil war.

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2021
Trade in services

Services Trade Policies and Economic Integration: New Evidence for Developing Countries

Bernard Hoekman and Ben Shepherd

World Trade Review, 20(1), 115–134 · Online first: 2020

This article uses machine learning and regulatory information from the World Bank and WTO to extend OECD-style measures of services trade restrictiveness to 23 additional countries. The resulting Services Policy Index connects detailed policy information with observed trade patterns.

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2020
Trade facilitation & logistics

Time, uncertainty and trade flows

José Ansón, Jean-François Arvis, Mauro Boffa, Matthias Helble, and Ben Shepherd

The World Economy, 43(9), 2375–2392

Using transaction records from international parcel deliveries, this article studies both the length and the predictability of transport times. It shows why reliable delivery matters alongside faster delivery in international trade.

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2020
Methods & measurement

What does “doing business” really measure? Evidence from trade times

Alfinura Sharafeyeva and Ben Shepherd

Economics Letters, 192, 109215

This article examines what the Doing Business trade-time indicators actually capture. A structural gravity analysis compares their relationship with goods and services trade and contrasts them with measures of specific trade-facilitation policies.

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2019
Trade policy

Mega-regional trade agreements and Asia: An application of structural gravity to goods, services, and value chains

Ben Shepherd

Journal of the Japanese and International Economies, 51, 32–42

This article uses structural gravity to compare the trade, welfare, and value-chain implications of alternative mega-regional integration scenarios in Asia. The simulations cover goods and services and distinguish intermediate from final products.

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2018
Global value chains

International input-output linkages and exogenous shock transmission: a simple model

Ben Shepherd

Economics Bulletin, 38(4), 2362–2370

This article develops a simple network model of how shocks spread through international input-output links. It then examines whether network centrality helps explain country-sector output changes during the global financial crisis.

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2017
Trade policy

Openness and Innovation

Ben Shepherd

South Asia Economic Journal, 18(1), 64–75

This paper uses Indian firm-level data to examine how exporting and importing intermediate inputs relate to innovation. It considers new products, processes, organizational systems, and the resources firms devote to research and development.

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2017
Trade in services

Services Productivity, Trade Policy and Manufacturing Exports

Bernard Hoekman and Ben Shepherd

The World Economy, 40(3), 499–516

How do services shape manufacturing competitiveness? Firm-level evidence from more than 100 developing countries links services productivity and access to services inputs with manufacturers’ productivity and export performance.

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2016
Trade facilitation & logistics

Did APEC’s Trade Facilitation Action Plans deliver the goods?

Ben Shepherd

Journal of Asian Economics, 43, 1–11

Did APEC meet its goal of cutting trade transaction costs by 10% over 2002–2010? This paper uses trade costs inferred from trade and production patterns to assess progress across the region and its individual economies.

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2016
Global value chains

Infrastructure, trade facilitation, and network connectivity in Sub-Saharan Africa

Ben Shepherd

Journal of African Trade, 3(1–2), 1–22

This paper maps countries’ connections to value chains in textiles and clothing and in agriculture, with a focus on Sub-Saharan Africa. It examines how those connections relate to infrastructure and trade facilitation at home and in neighboring countries.

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2016
Trade facilitation & logistics

Measuring Connectivity in a Globally Networked Industry: The Case of Air Transport

Jean-François Arvis and Ben Shepherd

The World Economy, 39(3), 369–385

This paper develops the Air Connectivity Index, a measure of how well countries connect to the global air transport network. It captures the strength and breadth of connections, including the role of hubs and indirect links.

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2016
Trade facilitation & logistics

Trade Costs in the Developing World: 1996–2010

Jean-François Arvis, Yann Duval, Ben Shepherd, Chorthip Utoktham, and Anasuya Raj

World Trade Review, 15(3), 451–474

This paper develops broad measures of bilateral trade costs from trade and production data for 167 countries. It compares manufacturing and agriculture and examines how trade costs differ across income groups and regions.

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2016
Standards & regulation

US phytosanitary restrictions: the forgotten non-tariff barrier

Marie-Agnès Jouanjean, Jean-Christophe Maur, and Ben Shepherd

Journal of International Trade Law and Policy, 15(1), 2–27

This study examines US plant-health restrictions on fresh fruit and vegetables. It documents how a system requiring explicit authorization for each exporting country and product can constrain market access, alongside evidence on the political economy of those decisions.

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2015
Trade facilitation & logistics

Overcoming trade logistics challenges: Asia-Pacific experiences

Shintaro Hamanaka and Ben Shepherd

Asia Pacific Journal of Marketing and Logistics, 27(3), 444–466

This paper reviews logistics performance and reform experiences across the Asia-Pacific. It identifies ten policy challenges and uses case studies to connect supply-chain efficiency with inclusive development.

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2015
Export diversification

Product Standards and Export Diversification

Ben Shepherd

Journal of Economic Integration, 30(2), 300–333

This paper examines how EU voluntary product standards affect the variety of textiles, clothing, and footwear imported from trading partners. It focuses on whether harmonization with international standards changes the market-access challenge for developing countries.

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2015
Standards & regulation

Reputation matters: Spillover effects for developing countries in the enforcement of US food safety measures

Marie-Agnès Jouanjean, Jean-Christophe Maur, and Ben Shepherd

Food Policy, 55, 81–91

Using US food-import refusal data, this paper examines how compliance histories extend beyond individual products and countries. It finds evidence of reputational spillovers across related products and neighboring exporters.

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2015
Trade facilitation & logistics

Who profits from trade facilitation initiatives? Implications for African countries

Bernard Hoekman and Ben Shepherd

Journal of African Trade, 2(1–2), 51–70

This paper asks whether trade facilitation mainly benefits large lead firms or also reaches smaller suppliers in developing countries. It combines a discussion of value-chain mechanisms with firm-level evidence on exporting and border delays.

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2014
Trade in services

Export and FDI premia among services firms in the developing world

Ben Shepherd

Applied Economics Letters, 21(3), 176–179

This paper compares internationally engaged services firms with domestic firms using enterprise surveys from developing countries. It asks whether the export and foreign-ownership premia familiar from manufacturing also appear in services.

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2014
Global value chains

Facilitating international production networks: The role of trade logistics

Daniel Saslavsky and Ben Shepherd

The Journal of International Trade & Economic Development, 23(7), 979–999

This paper compares the relationship between logistics performance and trade in parts and components with the relationship for final goods. It examines production networks globally, with particular attention to the Asia-Pacific and trade among developing countries.

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2014
Trade in services

The Paradox of ‘Preferences’: Regional Trade Agreements and Trade Costs in Services

Sébastien Miroudot and Ben Shepherd

The World Economy, 37(12), 1751–1772

This paper studies services commitments in regional trade agreements alongside bilateral trade-cost data. It asks how much preferential agreements change services trade costs, and who benefits.

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2013
Trade in services

Measuring the cost of international trade in services

Sébastien Miroudot, Jehan Sauvage, and Ben Shepherd

World Trade Review, 12(4), 719–735

How large are the costs of trading services across borders? This paper constructs a theory-based dataset using domestic production and international trade, revealing substantial barriers even between relatively integrated economies.

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2013
Standards & regulation

Product standards and developing country agricultural exports: The case of the European Union

Ben Shepherd and Norbert L. W. Wilson

Food Policy, 42, 1–10

The paper examines how voluntary European Union standards affect agricultural exports. It shows why standards can act as barriers in some markets and as useful market information in others.

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2013
Trade in services

Services Trade, Regulation and Regional Integration: Evidence from Sectoral Data

Erik van der Marel and Ben Shepherd

The World Economy, 36(11), 1393–1405

Using sector-level services restrictions, this paper examines how regulation and regional integration relate to cross-border trade. The results show that the relevant barriers and links between delivery modes differ markedly across services industries.

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2013
Methods & measurement

The Poisson quasi-maximum likelihood estimator: a solution to the ‘adding up’ problem in gravity models

Jean-François Arvis and Ben Shepherd

Applied Economics Letters, 20(6), 515–519

This paper demonstrates an important accounting property of Poisson estimation in gravity models. Properly specified Poisson models preserve aggregate trade totals when fitting bilateral flows.

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2013
Trade facilitation & logistics

Trade times, importing and exporting: firm-level evidence

Ben Shepherd

Applied Economics Letters, 20(9), 879–883

Firm-level data from 85 developing countries connect border delays with both access to imported inputs and export performance. The analysis also examines whether firms export directly or rely on intermediaries.

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2012
Trade in services

Trade costs and productivity in services sectors

Sébastien Miroudot, Jehan Sauvage, and Ben Shepherd

Economics Letters, 114(1), 36–38

This paper connects the international costs of trading services with sectoral productivity. It extends to services the evidence that trade costs matter for how efficiently resources are used.

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2012
Methods & measurement

When are adaptive expectations rational? A generalization

Ben Shepherd

Economics Letters, 115(1), 4–6

This theoretical note connects adaptive learning with rational forecasting. Allowing the learning parameter to vary over time extends adaptive expectations to a broad class of time-series models.

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2011
Trade facilitation & logistics

Air cargo transport in APEC: Regulation and effects on merchandise trade

Massimo Geloso Grosso and Ben Shepherd

Journal of Asian Economics, 22(3), 203–212

Air transport policy affects much more than the aviation industry. This study links the openness of bilateral aviation regimes with merchandise trade among APEC economies.

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2011
Trade facilitation & logistics

The Trade Impact of Enhanced Multimodal Connectivity in the Asia-Pacific Region

Ben Shepherd, Ramonette B. Serafica, Akhmad Bayhaqi, and Hao Jing

Journal of Economic Integration, 26(4), 624–650

This paper develops measures of how different transport modes work together and relates them to Asia-Pacific trade. It highlights the role of logistics capability as well as physical infrastructure.

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2011
Export diversification

Trade Facilitation and Export Diversification

Allen Dennis and Ben Shepherd

The World Economy, 34(1), 101–122

This paper examines whether lower trading and business entry costs help developing countries export a wider range of products. Evidence from 118 countries points to trade facilitation as a practical route to diversification.

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2010
Export diversification

Geographical Diversification of Developing Country Exports

Ben Shepherd

World Development, 38(9), 1217–1228

What helps developing countries reach more export destinations? This paper examines domestic export costs, foreign tariffs, and transport costs across 117 countries.

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2009
Standards & regulation

Help or Hindrance? The Impact of Harmonised Standards on African Exports

Witold Czubala, Ben Shepherd, and John S. Wilson

Journal of African Economies, 18(5), 711–744

This paper studies how European Union product standards affect African textiles and clothing exports. It distinguishes standards aligned with international norms from standards specific to the EU.

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2009
Trade facilitation & logistics

Trade facilitation in ASEAN member countries: Measuring progress and assessing priorities

Ben Shepherd and John S. Wilson

Journal of Asian Economics, 20(4), 367–383

This study compares trade facilitation performance across ASEAN and assesses priorities for reform. It brings infrastructure, information technology, services, and border procedures into the same analytical framework.

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2009
Trade facilitation & logistics

Transparency and Regional Integration in the Asia Pacific

Matthias Helble, Ben Shepherd, and John S. Wilson

The World Economy, 32(3), 479–508

This paper measures transparency through the predictability and simplicity of the trading environment. Using APEC as a case study, it examines how these features contribute to regional integration.

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2007
Trade facilitation & logistics

Trade, Infrastructure, and Roadways in Europe and Central Asia: New Empirical Evidence

Ben Shepherd and John S. Wilson

Journal of Economic Integration, 22(4), 723–747

This paper combines a detailed road network database with a gravity model to examine trade across Europe and Central Asia. It shows why infrastructure investment in a transit country can generate substantial benefits for its neighbors.

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