A review of the transport sector: Notes from the post-COVID-19 era

Dimos Chatzinikolaou and Charis Vlados

No 21-2021, DUTH Research Papers in Economics from Democritus University of Thrace, Department of Economics

Abstract: The transport industry is one of the fundamental development pillars of all socioeconomic systems nowadays. This article aims to examine whether the current pandemic crisis of COVID-19—which significantly repositions all socioeconomic dimensions—accelerates developments, especially in the transport sector. This introduction investigates critical perspectives from the history of transport, ending up with the trends that (seemingly) existed before the current crisis. The primary finding corresponds to the acceleration caused by COVID-19, especially in trends related to increased digitalization and the need for investment in new infrastructure across the world. Also, the de-carbonization and the rise of the “prosumer” (the individual who consumes and produces value simultaneously) are accelerating forces in the transport industry.

Keywords: transport sector; COVID-19 crisis; history of transport; investment infrastructure; digitalization; de-carbonization; prosumer (search for similar items in EconPapers)
JEL-codes: F60 L91 N70 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2021-10-12
New Economics Papers: this item is included in nep-tre
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Persistent link: https://EconPapers.repec.org/RePEc:ris:duthrp:2021_021

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