Navigating the tides of uncertainty: exploring the complex relationship between global economic policy and crude oil transportation

Xinzhou Qi, Wenjing Zhang, Ling Sun (), Zijiang Hu and Zhong Ning
Additional contact information
Xinzhou Qi: Fudan University
Wenjing Zhang: Shanghai Maritime University
Ling Sun: Fudan University
Zijiang Hu: Fudan University
Zhong Ning: Fudan University

Maritime Economics & Logistics, 2024, vol. 26, issue 4, No 4, 612-629

Abstract: Abstract This study investigates the dynamic relationship between the Baltic Dirty Tanker Index (BDTI) and Global Economic Policy Uncertainty (GEPU). In this study, we analyze the impact of changing environmental factors, geopolitical risks, global health events, economic policies, and institutions on the relationship between BDTI and GEPU from 2000 to 2022. The results reveal that this relationship cannot be explained by straightforward causality but rather by dynamic causality influenced by the evolving economic and political environment. Furthermore, we observe a resonance effect between GEPU and BDTI under different crude oil supply, demand, and tanker capacity scenarios. Our findings offer practical implications to investors, crude oil transportation companies, and government departments, emphasizing the importance of monitoring global conditions, considering environmental policies, and adapting to changing economic systems in the oil transportation market.

Keywords: Global Economic Policy Uncertainty; Baltic Dirty Tanker Index; Energy transport; Energy economic policy (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1057/s41278-023-00274-w Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:marecl:v:26:y:2024:i:4:d:10.1057_s41278-023-00274-w

Ordering information: This journal article can be ordered from
http://www.springer. ... nt/journal/41278/PS2

DOI: 10.1057/s41278-023-00274-w

Access Statistics for this article

Maritime Economics & Logistics is currently edited by Hercules E. Haralambides

More articles in Maritime Economics & Logistics from Palgrave Macmillan, International Association of Maritime Economists (IAME) Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().