The COVID pandemic has demonstrated the weakness of neoliberalism by showing the importance of public services, workers’ need for security, and a heightened awareness of collective interdependence. Economic theory recognises the deficiencies of depending on market forces by accepting certain...

This study examines the effect of macroeconomic shocks on the shipping market using time-series data by comparing the periods of the COVID-19 and traditional crises. A structural vector autoregressive model and forecast scenario were applied for the analysis. The results can be summarized as...