TY - BOOK ID - 136963767 TI - Timeliness and contract enforceability in intermediate goods trade AU - Gamberoni, Elisa AU - Lanz, Rainer AU - Piermartini, Roberta PY - 2010 PB - Washington, D.C., The World Bank, DB - UniCat KW - Bilateral Trade KW - Capital Goods KW - Comparative Advantage KW - Economic Theory & Research KW - End Use KW - Environment KW - Environmental Economics & Policies KW - Exports KW - Factors of Production KW - Final Goods KW - Free Trade KW - Intermediate Goods KW - International Economics and Trade KW - Macroeconomics and Economic Growth KW - Quality of Transport KW - Trade Facilitation KW - Trade Policy KW - Transport KW - Transport Economics Policy & Planning UR - https://www.unicat.be/uniCat?func=search&query=sysid:136963767 AB - This paper shows that the institutional environment and the ability to export on time are sources of comparative advantage as important as factors of production. In particular, the ability to export on time is crucial to explain comparative advantage in intermediate goods. These findings underscore the importance of investing in infrastructure and fostering trade facilitation to boost a country's participation in production networks. Furthermore, the paper contributes to the so-called "distance puzzle" by showing that the increasing importance of distance over time is in part driven by trade in intermediate goods. ER -