The impact of container transport on economic growth in Turkey: An ARDL bounds testing approach

Özer, Mustafa; Canbay, Şerif; Kırca, Mustafa

doi:10.1016/j.retrec.2020.101002

Cited by 27 publications

(16 citation statements)

References 48 publications

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“…There are studies in this direction for several maritime markets (e.g. Başer and Açık, 2019;Akbulaev and Bayramli, 2020;Michail, 2020;Özer et al, 2020;Efes, 2021). As a simple logic, the increase in economic activities also increases the demand for maritime transport, causing an increase in freight levels.…”

Section: Discussionmentioning

confidence: 99%

“…A limited number of studies have been conducted that have identified a positive relationship between world GDP and freight rates (e.g. Başer and Açık, 2019;Akbulaev and Bayramli, 2020;Michail, 2020;Özer et al, 2020;Efes, 2021), and a positive relationship between freight rates and ship speed (Wen et al, 2017;Açık, 2021). In both cases, productivity will increase as freights increase due to higher demand and ship speeds increase due to higher freight rates.…”

Section: Introductionmentioning

confidence: 99%

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The Effect of Freight Rates on Fleet Productivity: An Empirical Research on Dry Bulk Market

Açık¹,

Kayiran²

2022

Deniz Taşımacılığı Ve Lojistiği Dergisi

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Fleet productivity increases in two directions. First one is achieved by increasing the speed of the vessels in the market conditions where high freight rates are observed, this increases the amount of cargo per unit capacity they carry at the unit time. The other one is related to the short run inelastic supply curve in shipping because of the time to build effect. When the demand increases occur, the amount of cargo carried per unit capacity increases since the increase in supply is limited in the short run. In this context, it is determined the relationship between freight rates and the amount of cargo carried per unit capacity in this study. The Baltic Dry Index (BDI) was selected as a measure of the freight rates, and the tonnage carried per DWT from the portion of the total cargo tonnage carried by the sea to the dry cargo fleet capacity during that year was selected as an indicator of the fleet productivity. The dataset used in the study consists of annual observations covering the period from 1985 to 2020. Correlation and regression methods were used to determine the econometric relationship between the variables. As a result of the study, a significant strong relationship was found between freight rates and productivity in the positive direction. According to the developed model, a 10% increase in the freight rate causes an increase of about 1.3% in fleet productivity.

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Section: Discussionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The Effect of Freight Rates on Fleet Productivity: An Empirical Research on Dry Bulk Market

Açık¹,

Kayiran²

2022

Deniz Taşımacılığı Ve Lojistiği Dergisi

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“…The time series cointegration method is used to examine the long-term relationship between the variables. Consequently, Pesaran, Shin and Smith [55] are followed to apply the Autoregressive Distributed Lag (ARDL) Model, since it analyses the cointegration between variables with different degrees of cointegration, and also controls endogeneity [7,56] and allows use for short periods-even with observations less than 30 [57,58]. An indispensable requirement is that the stationarity order must be at most I (1), otherwise the analysis is invalid [59][60][61][62].…”

Section: Cointegration Methodsmentioning

confidence: 99%

Forest Conservation and Renewable Energy Consumption: An ARDL Approach

Ponce

Río‐Rama

Álvarez‐García

et al. 2021

Forests

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Deforestation shows the constant environmental degradation that occurs worldwide as a result of the growth of economic activity and the increase in population. This research examines the causal link between renewable energy consumption, GDP, GDP2, non-renewable energy price, population growth and forest area in high, middle- and low-income countries. Based on data obtained from World Development Indicators, the autoregressive distributed lag model, with a time series, is used to examine the long-term cointegration relationship between the variables. The results justify the existence of a joint long-term relationship between the variables analysed for the middle-income countries and low-income countries. When the forest area is not at its equilibrium level, the speed of adjustment is slow (0.44% and 8.7%), which is typical of the nature of this natural resource. An increase in the consumption of renewable energy is associated with an increase between 0.04 and 0.02 square kilometres of forest cover, respectively. The research does not show evidence about the equilibrium relationship in the short term. Growth in renewable energy consumption is one of the main drivers for preserving the forest area. Therefore, those responsible for making economic policies must aim their measures towards the use of clean energy.

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“…Many publications on maritime transport-related topics have been published in the last few decades [11]. Marine transport comprises a large variety of operations and, in combination with port activities and logistic hubs, has a substantial impact on the development of marine industry and trade, hence promoting economic growth and employment creation [12]. In Thailand, marine transportation is crucial for the country since there are various areas with access to rivers, seas, and oceans that are trading products with other counties such as China, Hong Kong, and so on [13,14].…”

Section: Introductionmentioning

confidence: 99%

The Impact of Export Promotion Programs on Export Competitiveness and Export Performance of Craft Products

Traiyarach

Banjongprasert

2022

JMSE

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International trade is defined as economic transactions between countries worldwide. Promoting the export of craft products, which are valued products, is critical for international business as the sales growth increases worldwide. Moreover, the export of craft products has increased international trade and maximized economic value in the highly competitive global market. Therefore, businesses need to be promoted to increase their competitiveness. This study explores the impact of export promotion programs on export competitiveness and the performance of craft products. A self-administered questionnaire was used to correct the data. There were 400 respondents completing the questionnaires, who were working in craft product export companies using marine transport. The data analysis is conducted by using Structure Equation Modelling (SEM). The findings show that the export promotion program has a significant positive relationship with export competitiveness. A positive relationship between export competitiveness and export performance is also found. The results indicate that export competitiveness fully mediates the relationship between export promotion programs and export performance. The findings from this study contribute to craft product export businesses and provide a practical exporting approach. Marine transport is one of the critical international entry modes many companies use to expand businesses. It should be noted that shipping cost savings are related to export efficiency.

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The impact of container transport on economic growth in Turkey: An ARDL bounds testing approach

Cited by 27 publications

References 48 publications

The Effect of Freight Rates on Fleet Productivity: An Empirical Research on Dry Bulk Market

The Effect of Freight Rates on Fleet Productivity: An Empirical Research on Dry Bulk Market

Forest Conservation and Renewable Energy Consumption: An ARDL Approach

The Impact of Export Promotion Programs on Export Competitiveness and Export Performance of Craft Products

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