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Explaining variations in national fleet across shipping nations


Nguyen, H-O, Explaining variations in national fleet across shipping nations, IAME 2010 Conference Proceedings, 7-9 July 2010, Lisbon EJ (2010) [Refereed Conference Paper]


Many studies on national shipping attribute declines in national fleets in developed economies to lack of comparative advantage, but little has been done so far to identify factors contributing to comparative advantage of national shipping using a systematic approach. On the other hand, although shipping is highly international and shipping markets are highly competitive, it is not clear whether tonnage owned by nationals of countries is governed by country-specific factors. This paper seeks to explain variations in tonnage of national fleet across shipping nations. The main variable of interest is national fleet tonnage owned by country of domicile as opposed to registered tonnage. The results of econometric analysis using data of 84 shipping nations indicate that various country-specific factors do indeed contribute to variations in fleet tonnage across shipping nations, albeit at various levels of significance. Financial market development, external trade, ship registration, shipbuilding, and shipping history appear to be the most significant impacts followed by the development and technological level and maritime policy. Based on the results of analysis, the Shipping Competitiveness Index is computed, and implications are discussed.

Item Details

Item Type:Refereed Conference Paper
Keywords:national shipping; comparative advantage; shipping policy; cross-section data analysis
Research Division:Economics
Research Group:Applied economics
Research Field:Transport economics
Objective Division:Transport
Objective Group:Water transport
Objective Field:International sea freight transport (excl. live animals, food products and liquefied gas)
UTAS Author:Nguyen, H-O (Associate Professor Oanh Nguyen)
ID Code:68506
Year Published:2010
Deposited By:NC Ports and Shipping
Deposited On:2011-03-12
Last Modified:2015-03-25

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