Xu, Jane Jing; Yip, Tsz Leung - In: Applied Economics Letters 19 (2012) 3, pp. 269-275
In the wake of the global financial crisis which started around mid-2008, the global shipbuilding industry is no longer in a state of euphoria as before. The volume of new ship orders dropped dramatically after August 2008. We are motivated to examine three issues in this article: First, in the...