Park, Sunghwa; Kim, Hyunsok; Kwon, Janghan - In: The Asian Journal of Shipping and Logistics 39 (2023) 1, pp. 13-22
The freight rate is a representative variable in the shipping market and is characterized by a cyclical relationship …. Even though downturns in the shipping market, such as the shipping industry recession in the 1980s, the global financial … risk in the shipping market. Based on the recursive structural vector autoregressive (recursive SVAR) model, we analyze the …