Realities and Perspectives of European Maritime Trade

Romeo Bosneagu (), Carmen Elena Coca (), Lilia Sargu (), Ionut Scurtu (), Dumitru Corduneanu (), Daniel Daneci-Patrau () and Sergiu Lupu ()
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Romeo Bosneagu: “Mircea cel Batran:” Naval Academy
Carmen Elena Coca: Tomis University Constanta
Lilia Sargu: USEM
Ionut Scurtu: “Mircea cel Batran” Naval Academy
Dumitru Corduneanu: Spiru Haret University Constanta
Daniel Daneci-Patrau: Spiru Haret University Constanta
Sergiu Lupu: “Mircea cel Batran” Naval Academy Constanta

Acta Universitatis Danubius. OEconomica, 2022, issue 18(4), 117-125

Abstract: European maritime trade continues to be primarily driven by the evolution of the European and world economy and business. Although the relationship between economic output and trade in goods appears to be changing, with a marked decline in trade in the total value of Gross Domestic Product in recent years, the demand for maritime transport services remains dependent on the performance of the world economy. While industrial activity, economic production, the number of goods, trade and maritime trade may increase at different rates, these variables remain positively correlated. In the conditions of interdependence and globalization, seaborne trade, with efficiency and profitability, is the engine of economic development and prosperity. The European market for the transport of general goods is determined by the need for such goods worldwide, the world economy, the demographic situation, industrialization, and the surplus and deficit of industrialized goods.

Keywords: Emerging markets; Financial Development; Tourism; Panel Data (search for similar items in EconPapers)
Date: 2022
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