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The Causality Relationship between the Dry Bulk Market and Worldwide Economic Growth

Author

Listed:
  • Batrinca Ghiorghe

    (Constanta Maritime University)

  • Cojanu Gianina

    (Constanta Maritime University)

Abstract

Without shipping, worldwide trade, the bulk transport of raw materials and the operations of import-export of food and manufactured goods would not be possible. Therefore, shipping is likely to be a driver of worldwide economic growth, but growth in the shipping industry is also driven by worldwide economic expansion itself. The purpose of this study is to examine the causality relationship between the dry bulk market and worldwide economic growth during the time interval 1985 – 2012 by applying a vector autoregressive model.

Suggested Citation

  • Batrinca Ghiorghe & Cojanu Gianina, 2013. "The Causality Relationship between the Dry Bulk Market and Worldwide Economic Growth," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 2-6, May.
  • Handle: RePEc:ovi:oviste:v:xiii:y:2013:i:2:p:2-6
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    More about this item

    Keywords

    dry bulk market; economic growth; BDI; VAR models;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • R49 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Other

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