Tracking Trade from Space: An Application to Pacific Island Countries

Tracking Trade from Space: An Application to Pacific Island Countries
Author :
Publisher : International Monetary Fund
Total Pages : 40
Release :
ISBN-10 : 9781513593531
ISBN-13 : 1513593536
Rating : 4/5 (31 Downloads)

Book Synopsis Tracking Trade from Space: An Application to Pacific Island Countries by : Mr. Serkan Arslanalp

Download or read book Tracking Trade from Space: An Application to Pacific Island Countries written by Mr. Serkan Arslanalp and published by International Monetary Fund. This book was released on 2021-08-20 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper proposes an easy-to-follow approach to track merchandise trade using vessel data and applies it to Pacific island countries. Pacific islands rely heavily on imports and maritime transport for trade. They are also highly vulnerable to climate change and natural disasters that pose risks to ports and supply chains. Using satellite-based vessel tracking data from the UN Global Platform, we construct daily indicators of port and trade activity for Pacific island countries. The algorithm significantly advances estimation techniques of previous studies, particularly by employing ways to overcome challenges with the estimation of cargo payloads, using detailed information on shipping liner schedules to validate port calls, and applying country-specific information to define port boundaries. The approach can complement and help fill gaps in official data, provide early warning signs of turning points in economic activity, and assist policymakers and international organizations to monitor and provide timely responses to shocks (e.g., COVID-19).


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