Container shipping trade and real GDP growth: A panel vector autoregressive approach
Konstantinos Melas () and
Dimitris Batzilis ()
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Konstantinos Melas: Metropolitan College
Dimitris Batzilis: American College of Greece â€“ Deree, Greece
Economics Bulletin, 2021, vol. 41, issue 2, 304-315
By employing a panel vector autoregressive approach, we show that containership trade is an important determinant of GDP growth. Using the full sample of sea-transported container boxes of 135 countries for ten years, we provide evidence that the amount of TEUs transported, both contemporaneously as well as in the previous year, has a significant positive effect on economic growth. This can be explained via the fact that TEUs have a positive effect on trade flows between countries and trade flows have long been shown to have a strong positive impact on real GDP growth.
Keywords: Containerization; GDP; Panel Vector Autoregressive (search for similar items in EconPapers)
JEL-codes: F4 R4 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-20-00966
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