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Nektarios A. Michail, Konstantinos D. Melas and Dimitris Batzilis
''Container shipping trade and real GDP growth: A panel vector autoregressive approach''
( 2021, Vol. 41 No.2 )
By employing a panel vector autoregressive approach, we show that containership trade is an important determinant of GDP growth. Using the full sample of sea-transported container boxes of 135 countries for ten years, we provide evidence that the amount of TEUs transported, both contemporaneously as well as in the previous year, has a significant positive effect on economic growth. This can be explained via the fact that TEUs have a positive effect on trade flows between countries and trade flows have long been shown to have a strong positive impact on real GDP growth.
Keywords: Containerization, GDP, Panel Vector Autoregressive
JEL: F4 - Macroeconomic Aspects of International Trade and Finance: General
R4 - Transportation Systems: General
Manuscript Received : Sep 30 2020 Manuscript Accepted : Apr 09 2021

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