Endowment, market potential, and spatial dynamics of industrial locations: Evidence from global shipbuilding

Chun-Yu Ho, Dan Li, Tingting Peng and Zhijia Xiao

Economics Letters, 2025, vol. 248, issue C

Abstract: We compile a novel panel dataset of ship orders across 30 countries from 1896 to 2020 to examine the evolution of the global shipbuilding industry across time and space. We document a transition in the shipbuilding production location from European countries to Asian countries over the sample period. We further apply a panel error-correction model (ECM) to show that both relative capital endowment and market potential account for this transition in the long run, while market potential exerts a more significant influence on ship production in the short run.

Keywords: Market potential; Factor endowment; Shipbuilding industry; Panel error-correction model (search for similar items in EconPapers)
JEL-codes: F1 N70 N90 R12 R32 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165176524005986
Full text for ScienceDirect subscribers only

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:eee:ecolet:v:248:y:2025:i:c:s0165176524005986

DOI: 10.1016/j.econlet.2024.112114

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().