Predicting freight flows in a globalising world
In this paper we suggest a methodology to predict commodity specific transportation flows that brings together data in value and in quantity terms in a consistent way. The approach is based on the modern gravity formulation. There are three driving forces of the transport flows dynamics: economic growth, the ongoing globalization (reduction of trade barriers), and the changing commodity composition of trade, whereby the evolution of value-to-weight ratios is explicitly taken into account. The methodology is applied to forecast the interregional trade flows in Europe.
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Volume (Year): 31 (2011)
Issue (Month): 1 ()
Pages: 37-44
| Handle: | RePEc:eee:retrec:v:31:y:2011:i:1:p:37-44 |
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References listed on IDEAS
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