 The impact of the Panama Canal expansion on Panama’s maritime clusterAnthony Pagano, Grace Wang, Onésimo Sánchez, Ricardo Ungo and Eddie Tapiero Maritime Policy & Management, 2016, vol. 43, issue 2, 164-178 Abstract: The Panama Canal is currently in the process of a major expansion effort. After the new set of locks is opened in 2016, significantly larger ships can traverse the Canal. The current lock system has been in place for over 100 years, even though the size of ocean-going vessels has expanded considerably. One impact is on Panama’s maritime cluster. It is expected that the expansion will result in greater demand for many of the goods and services provided by the cluster. This article examines the economic impact of the Canal expansion on Panama’s maritime cluster. Clusters of economic activity can result in economies of agglomeration and supply chain network effects. Without these economies and network effects, clusters would not have a competitive advantage over businesses that are not in a cluster. It is expected that with a larger cluster, both agglomerative economies and network effects will increase. But, which cluster components will grow and which will not be affected to a great extent? To what extent will bottlenecks appear? These are some of the questions that this article addresses. Date: 2016 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:marpmg:v:43:y:2016:i:2:p:164-178 Ordering information: This journal article can be ordered from DOI: 10.1080/03088839.2016.1140241 Access Statistics for this article Maritime Policy & Management is currently edited by Dr Kevin Li and Heather Leggate McLaughlin More articles in Maritime Policy & Management from Taylor & Francis Journals |
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