Economics at your fingertips  


Thomas Vitsounis, Persa Paflioti and Ioannis Tsamourgelis

Articles, 2014, vol. 41, issue 2

Abstract: The recent economic recession of 2009 had a significant ‘knock-on’ effect on container shipping causing a remarkable decline of TEU’s handled in seaports on a world scale. This is primarily attributed to the slump in the global economy. The fortunes of the container shipping sector (and hence ports) coincide almost directly with global trade developments. Empirical studies aiming to interpret the relationship of container ports throughput, macroeconomic and, shipping developments remain quite limited. The present study builds on the well-established theory of business cycle synchronicity, which takes into account the macroeconomic co-movements of the contemporary globalized economic environment. This study strives to generate knowledge on the extent that major macroeconomic (such as GDP, industrial production, bilateral trade and financial openness) and shipping (fleet development and transportation cost) variables, affect container ports throughput. In addition the study employs a panel data analysis and uses dynamic Generalized Methods of Moments (GMM) techniques to reach meaningful conclusions. The sample covers a period of sixteen years (1995- 2010) and includes 36 ports from 25 countries. Moreover, typical market structures were isolated and tested in detail.

Date: 2014
References: Add references at CitEc
Citations: Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:

Access Statistics for this article

More articles in Articles from International Journal of Transport Economics
Bibliographic data for series maintained by Alessio Tei ().

Page updated 2023-11-14
Handle: RePEc:jte:journl:2014:2:41:3