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Commercial statistics --- Farm produce --- Mineral industries --- Primary commodities --- Produce trade --- Agricultural marketing --- Agricultural products --- Food trade --- Basic commodities --- Commodities, Basic --- Commodities, Primary --- Primary products --- Extractive industries --- Extractive industry --- Metal industries --- Mines and mining --- Mining --- Mining industry --- Mining industry and finance --- Agricultural commodities --- Produce --- Agriculture --- Food industry and trade --- Commodity exchanges --- Commercial products --- Industries --- Food --- Raw materials --- Plant products --- Economic aspects

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This paper investigates the effect of timeliness in accessing the intermediate inputs on the trade pattern. In particular, any country that has a higher ability to transport goods on time has a comparative advantage in industries that place a higher value on the timely delivery of their inputs, and this comparative advantage pattern is stronger for processed goods than for primary goods. To do this, a measure for how intensively any industry demands for the timely delivery of its intermediate inputs is constructed combining Hummels and Schaur (2013)’s calculations of the time sensitivity of products with the input-output tables.

Primary commodities. --- Basic commodities --- Commodities, Basic --- Commodities, Primary --- Primary products --- Commercial products --- Primary commodities --- E-books --- Exports and Imports --- Infrastructure --- Trade: General --- Trade Policy --- International Trade Organizations --- Empirical Studies of Trade --- Economic Development: Agriculture --- Natural Resources --- Energy --- Environment --- Other Primary Products --- Industrialization --- Manufacturing and Service Industries --- Choice of Technology --- Economic Development: Urban, Rural, Regional, and Transportation Analysis --- Housing --- Industry Studies: Transportation and Utilities: General --- Investment --- Capital --- Intangible Capital --- Capacity --- Neoclassical Models of Trade --- Macroeconomics --- International economics --- Transportation --- Exports --- Comparative advantage --- Trade balance --- National accounts --- International trade --- Saving and investment --- Balance of trade --- Nepal

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Countries with an abundance of natural resources, many of which are in sub-Saharan Africa, often show a record of relatively poor economic performance compared with non-resource-rich countries. The chapters in this volume explore the potential challenges to countries with abundant natural resources and ways to manage these challenges so as to reap the benefits of resource wealth while avoiding the pitfalls. The book is divided into five sections, which explore commodity markets and the macroeconomy, economic diversification and the role of finance, fiscal policy, exchange rates and financial stability, and governance. The ideas in this book were first presented at a seminar in November 2010 that was aimed primarily at policymakers in sub-Saharan Africa and brought together ministers, central bank governors, other senior policymakers, and well-known academics.

Diversification in industry --- Economic development --- Finance --- Fiscal policy --- Foreign exchange rates --- Monetary policy --- Natural resources --- Primary commodities --- Resource curse --- Sovereign wealth funds --- politique industrielle --- richesses naturelles --- Funds, Sovereign wealth --- SWFs (Sovereign wealth funds) --- Investment of public funds --- Curse, Resource --- Natural resources curse --- Paradox of plenty --- Basic commodities --- Commodities, Basic --- Commodities, Primary --- Primary products --- Commercial products --- National resources --- Resources, Natural --- Resource-based communities --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Exchange rates --- Fixed exchange rates --- Flexible exchange rates --- Floating exchange rates --- Fluctuating exchange rates --- Foreign exchange --- Rates of exchange --- Tax policy --- Taxation --- Finance, Public --- Funding --- Funds --- Economics --- Currency question --- Development, Economic --- Economic growth --- Growth, Economic --- Statics and dynamics (Social sciences) --- Development economics --- Industrial diversification --- Product diversification --- Input-output analysis --- Barriers to entry (Industrial organization) --- Multiproduct firms --- industrieel beleid --- natuurlijke rijkdommen --- Economic aspects --- Rates --- Government policy --- Natural resources. --- Resource curse. --- Fiscal policy. --- Monetary policy. --- Foreign exchange rates. --- Diversification in industry. --- Economic development. --- Primary commodities. --- Finance. --- Sovereign wealth funds. --- Ressources naturelles --- Politique fiscale --- Politique monétaire --- Taux de change --- Diversification (Economie politique) --- Développement économique --- Produits de base --- Finances --- Fonds souverains --- E-books --- Investments: Energy --- Exports and Imports --- Macroeconomics --- Public Finance --- Natural Resources --- Investments: Commodities --- Foreign Exchange --- Agricultural and Natural Resource Economics --- Environmental and Ecological Economics: General --- Commodity Markets --- Energy: General --- Fiscal Policy --- Metals and Metal Products --- Cement --- Glass --- Ceramics --- Environmental management --- Investment & securities --- Public finance & taxation --- International economics --- Currency --- Commodity prices --- Oil --- Metal prices --- Environment --- Prices --- Commodities --- Petroleum industry and trade --- Metals --- Chile