Maritime services location decisions—an empirical analysis and implications

Mengchi Li, Meifeng Luo and Jue Wang

Maritime Policy & Management, 2023, vol. 50, issue 2, 182-197

Abstract: Maritime services prefer to locate in places where factors indicating the business environment, such as its tax and legal systems, are attractive. However, when there are competing regions to choose from, it is important to understand the impact of each of these factors at each alternative location and whether the negative impacts of one factor may be offset by the positive impacts of other factors. This study analyzes the preferences of maritime services selecting from three potential business locations in Asia (Shanghai, Hong Kong, and Singapore) and the possibility of factor substitution. A stated preference survey is designed to collect the choices of industry leaders facing five major factor options, and discrete choice models are applied to analyze the alternative- and company-specific impacts of these factors. The estimated alternative-specific parameters are consistent with the socioeconomic and legal backgrounds of the three locations, and the company-specific parameters indicate that it is not necessary for maritime services to be located near their clients, namely, shipowners. Finally, the factor trade-off analysis can help each location to identify possible policy changes that may improve its competitiveness.

Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/03088839.2021.1971783 (text/html)
Access to full text is restricted to subscribers.

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:taf:marpmg:v:50:y:2023:i:2:p:182-197

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/TMPM20

DOI: 10.1080/03088839.2021.1971783

Access Statistics for this article

Maritime Policy & Management is currently edited by Dr Kevin Li and Heather Leggate McLaughlin

More articles in Maritime Policy & Management from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().