In this paper we examine the issue of characterising the transport associated with gravitational instabilities in relatively cold discs, discussing in particular the conditions under which it can be described within a local, viscous framework. We present the results of global, three-dimensional, SPH simulations of self-gravitating accretion discs, in which the disc is cooled using a simple parametrisation for the cooling function. Our simulations show that the disc settles in a ``self-regulated state, where the axisymmetric stability parameter $Qapprox 1$ and where transport and energy dissipation are dominated by self-gravity. We have computed the gravitational stress tensor and compared our results with expectations based on a local theory of transport. We find that, as long as the disc mass is smaller than $0.25M_{star}$ and the aspect ratio $H/Rlesssim 0.1$, transport is determined locally, thus allowing for a viscous treatment of the disc evolution.