%PDF-1.5 % 4 0 obj << /S /GoTo /D (section.1) >> endobj 7 0 obj (Introduction) endobj 8 0 obj << /S /GoTo /D (section.2) >> endobj 11 0 obj (The Round Trip Effect: Simple Model of Transport) endobj 12 0 obj << /S /GoTo /D (subsection.2.1) >> endobj 15 0 obj (Model absent the round trip effect) endobj 16 0 obj << /S /GoTo /D (subsection.2.2) >> endobj 19 0 obj (Model with the round trip effect) endobj 20 0 obj << /S /GoTo /D (section.3) >> endobj 23 0 obj (Theoretical Framework) endobj 24 0 obj << /S /GoTo /D (subsection.3.1) >> endobj 27 0 obj (Model Setup) endobj 28 0 obj << /S /GoTo /D (subsection.3.2) >> endobj 31 0 obj (Exogenous transport cost) endobj 32 0 obj << /S /GoTo /D (subsubsection.3.2.1) >> endobj 35 0 obj (Equilibrium with exogenous transport cost) endobj 36 0 obj << /S /GoTo /D (subsection.3.3) >> endobj 39 0 obj (Endogenous transport cost and the round trip effect) endobj 40 0 obj << /S /GoTo /D (subsubsection.3.3.1) >> endobj 43 0 obj (Optimality conditions) endobj 44 0 obj << /S /GoTo /D (subsubsection.3.3.2) >> endobj 47 0 obj (Equilibrium with endogenous transport cost and the round trip effect) endobj 48 0 obj << /S /GoTo /D (subsection.3.4) >> endobj 51 0 obj (Comparative statics) endobj 52 0 obj << /S /GoTo /D (section.4) >> endobj 55 0 obj (Data) endobj 56 0 obj << /S /GoTo /D (subsection.4.1) >> endobj 59 0 obj (Container freight rates and containerized trade) endobj 60 0 obj << /S /GoTo /D (subsection.4.2) >> endobj 63 0 obj (Summary Statistics) endobj 64 0 obj << /S /GoTo /D (subsection.4.3) >> endobj 67 0 obj (Suggestive Evidence) endobj 68 0 obj << /S /GoTo /D (section.5) >> endobj 71 0 obj (Empirical Approach) endobj 72 0 obj << /S /GoTo /D (subsection.5.1) >> endobj 75 0 obj (Identification of the impact of freight rates on trade) endobj 76 0 obj << /S /GoTo /D (subsection.5.2) >> endobj 79 0 obj (Predicted trade instrument) endobj 80 0 obj << /S /GoTo /D (subsection.5.3) >> endobj 83 0 obj (Validity of identification approach) endobj 84 0 obj << /S /GoTo /D (section.6) >> endobj 87 0 obj (Impact of Freight Rates on Trade) endobj 88 0 obj << /S /GoTo /D (subsection.6.1) >> endobj 91 0 obj (Main Results) endobj 92 0 obj << /S /GoTo /D (subsection.6.2) >> endobj 95 0 obj (Robustness Checks) endobj 96 0 obj << /S /GoTo /D (section.7) >> endobj 99 0 obj (Counterfactual) endobj 100 0 obj << /S /GoTo /D (subsection.7.1) >> endobj 103 0 obj (Increase in US import tariffs) endobj 104 0 obj << /S /GoTo /D (section.8) >> endobj 107 0 obj (Conclusion) endobj 108 0 obj << /S /GoTo /D (section.9) >> endobj 111 0 obj (Tables) endobj 112 0 obj << /S /GoTo /D (appendix.A) >> endobj 115 0 obj (Appendix) endobj 116 0 obj << /S /GoTo /D (subsection.A.1) >> endobj 119 0 obj (Data Appendix) endobj 120 0 obj << /S /GoTo /D (subsubsection.A.1.1) >> endobj 123 0 obj (Container freight rates) endobj 124 0 obj << /S /GoTo /D (subsubsection.A.1.2) >> endobj 127 0 obj (Container volume data) endobj 128 0 obj << /S /GoTo /D (subsubsection.A.1.3) >> endobj 131 0 obj (Container freight rates and distance) endobj 132 0 obj << /S /GoTo /D (subsubsection.A.1.4) >> endobj 135 0 obj (Containerized trade data) endobj 136 0 obj << /S /GoTo /D (subsection.A.2) >> endobj 139 0 obj (Theory Appendix) endobj 140 0 obj << /S /GoTo /D (subsection.A.3) >> endobj 143 0 obj (Additional Tables and Figures) endobj 144 0 obj << /S /GoTo /D [145 0 R /Fit] >> endobj 148 0 obj << /Length 2521 /Filter /FlateDecode >> stream xڅXIs8W6TU͉LLX%q~|o";& z/o/܋ ̻(4jOjkW'Iey**p;ٝ ĮzDq$wO*7Fs&?IQudLL'QDmOA HǤZ'AFIiTWe_~m&H^Ty3(, s%Uz7@It(IV0iPY Pv$uUva%IˠL4Up|3wv>J-0*~ak; m2,,SqR^dU%Ni0WC'QY" %H;CaSBoُ\;ˇ?-aUHXl-aEFZ3ܮ$~}#m u!1QF 0