BDI's CORRELATION WITH LEADING ECONOMIC INDICATORS

Theodore Pelagidis and Evgenia Tsahali ()
Additional contact information
Evgenia Tsahali: University of Piraeus,

Regional Science Inquiry, 2019, vol. XI, issue 2, 167-189

Abstract: The aim of this paper is to investigate the correlation between the Baltic Dry Index (BDI) and certain leading economic indicators. We follow a different path than the existing literature follows. In particular, using a multi-linear regression method and defining the BDI index as a dependent variable, we seek to determine the multiple relations of the independent variables regarding the BDI value. We are looking at whether the BDI is a representative indicator not only for the shipping industry itself, but also for the whole economic and financial environment in which the shipping industry operates.

Keywords: Transportation Economics; General Financial Markets; Financial Securities (search for similar items in EconPapers)
JEL-codes: G1 R4 R42 (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.rsijournal.eu/ARTICLES/June_2019/SI/15.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:hrs:journl:v:xi:y:2019:i:2:p:167-189

Access Statistics for this article

Regional Science Inquiry is currently edited by Dr Christos Ap. Ladias

More articles in Regional Science Inquiry from Hellenic Association of Regional Scientists
Bibliographic data for series maintained by Dimitrios K. Kouzas ().