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Can unilateral policy decarbonize maritime trade?

Ludwig, Philipp - 2025

The international shipping sector is a vital part of the global trading system but also a large emitter of carbon … dioxide emissions. In the absence of a multilateral carbon policy for the shipping sector, different countries are starting to … framework emphasizes the role of transport providers which allocate clean and dirty vessels to shipping routes and thereby …

Persistent link: https://www.econbiz.de/10015323432

Measuring global real economic activity : do recent critiques hold up to scrutiny?

Kilian, Lutz - 2019

Hamilton (2018) suggests that the Kilian (2009) index of global real economic activity is misleading and calls for alternative measures. The problem documented by Hamilton is a consequence of a coding mistake. Specifically, the index of nominal freight rates underlying the Kilian index was...

Persistent link: https://www.econbiz.de/10011958840

Entrepôt : hubs, scale, and trade costs

Ganapati, Sharat; Wong, Woan Foong; Ziv, Oren - 2020

incorporating route choice by exporters within a Ricardian setting. We use the model to estimate trade costs on each shipping leg …

Persistent link: https://www.econbiz.de/10012197550

A quantitative model of the oil tanker market in the Arabian Gulf

Kilian, Lutz; Nomikos, Nikos K.; Zhou, Xiaoqing - 2020 - This version: May 20, 2020

Using a novel dataset, we develop a structural model of the Very Large Crude Carrier (VLCC) market between the Arabian Gulf and the Far East. We study how fluctuations in oil tanker rates, oil exports, shipowner profits, and bunker fuel prices are determined by shocks to the supply and demand...

Persistent link: https://www.econbiz.de/10012223879

Dangerous waters : the economic toll of piracy on maritime shipping

Molina, Renato; Villaseñor-Derbez, Juan Carlos; … - 2024

responses that underpin them. Here, we combine theory and a unique geospatial dataset combining more than 25 million shipping … behaviour and aggregate transportation cost, as well as its environmental impact, with major implications for the shipping …

Persistent link: https://www.econbiz.de/10014521173

Railways and the productivity gap in Italy : persistence and divergence after unification

Pontarollo, Nicola; Ricciuti, Roberto - 2015

The political unification of Italy in 1861 led to the establishment of a single market, by removing the trade barriers across the pre-existing states, with a single currency. Market integration was the economic outcome of this process. At the same time, the Kingdom of Italy started a large...

Persistent link: https://www.econbiz.de/10011295798

The implications of the new Silk Road railways on local development

Fang, Ling; Kleimann, Martin; Li, Yuan; Schmerer, Hans-Jörg - 2019

This paper studies regional treatment effects of infrastructure projects on economic growth, employment and intermodal transport volumes. The recent Belt and Road Initiative provides an experiment that can be evaluated using matching econometrics. Our results show that the establishment of a new...

Persistent link: https://www.econbiz.de/10012118650

Pork, infrastructure and growth : evidence from the Italian railway expansion

Bonfatti, Roberto; Facchini, Giovanni; Tarasov, Alexander; … - 2021

This paper studies the role played by politics in shaping the Italian railway network, and its impact on long-run growth patterns. Examining a large state-planned railway expansion that took place during the second half of the 19th century in a recently unified country, we first study how both...

Persistent link: https://www.econbiz.de/10012601981

Startup stations : the impact of rail access on entrepreneurship (self-employment) in England and Wales

Sanchis-Guarner, Rosa; Szumilo, Nikodem; Vernet, Antoine - 2024

We study the impact of improved rail access on entrepreneurship rates in England and Wales. We use data from the Census spanning 2001, 2011, and 2021 to analyse self-employment rates in granular geographic areas of around 200 residents. Specifically, we study how they respond to changes in the...

Persistent link: https://www.econbiz.de/10014632305

Shipping cost uncertainty, endogenous regime switching and the global drivers of inflation

Anderl, Christina; Caporale, Guglielmo Maria - 2023

The recent Covid-19 pandemic has disrupted global supply chains and led to large increases in shipping costs. This … paper first provides shipping cost mean and uncertainty measures by using the endogenous regime switching model with dynamic … feedback and interactions developed by Chang et al. (2023). The uncertainty indicator measures overall risk in the shipping …

Persistent link: https://www.econbiz.de/10014435288