Demand Analysis for Coal on the United States Inland Waterway System: Fully‐Modified Cointegration (FM‐OLS) Approach

Junwook Chi and Jungho Baek

Journal of the Transportation Research Forum, 2011, vol. 50, issue 01

Abstract: The Phillip-Hansen fully-modified cointegration (FM-OLS) approach is applied to examine the dynamic relationship between demand for coal barge transportation, and explanatory variables such as barge and rail rates, domestic coal consumption and production, and coal exports. The results provide strong evidence that there exists a long-run equilibrium relationship between demand for coal barge transportation and the selected variables. It is also found that, in the long-run, the domestic coal consumption and coal exports are more important than other variables in determining the demand for coal barge transportation. In the short run, on the other hand, domestic coal production is found to be the only significant determinant of coal demand. This dynamic analysis will shed new light on the dynamic interrelationships between the demand for coal barge transportation and its major determinants, and contribute to the empirical literature on transportation economics.

Keywords: Public; Economics (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ageconsearch.umn.edu/record/207208/files/2671-5436-1-PB.pdf (application/pdf)

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:ags:ndjtrf:207208

DOI: 10.22004/ag.econ.207208

Access Statistics for this article

More articles in Journal of the Transportation Research Forum from Transportation Research Forum
Bibliographic data for series maintained by AgEcon Search ().