A preliminary analysis of U.S. import volumes and regional effects associated with the Panama Canal expansion

Jorge Medina, Jong-Ho Kim and EunSu Lee

Research in Transportation Economics, 2020, vol. 84, issue C

Abstract: This paper examines the regional impact of the Panama Canal expansion on U.S. import volumes by using a fixed effect model and panel data for U.S. container ports from 2000 to 2017. The increasing number of larger vessels traversing the expanded canal increases the number of containers for relatively large ports in the Gulf and Atlantic coasts. Our results reveal that the expansion of the canal increased import volumes by an average of 24.2%, compared to ports in the Pacific Coast. Various robustness checks reduce our estimations, but they remain statistically significant.

Keywords: Maritime transportation; Maritime logistics; Neopanamax; Panama Canal; Container port; Port investment (search for similar items in EconPapers)
JEL-codes: O18 R12 R41 R42 R58 (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1016/j.retrec.2020.100969

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