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Cycles in the Ship Building Industry: An Empirical Evidence

In: Essays on Port Economics

Author

Listed:
  • Pablo Coto-Millán

    (University of Cantabria)

  • José María Sarabia-Alegría

    (University of Cantabria)

  • Lucía Inglada-Pérez

    (U.N.E.D.)

Abstract

In the following short paper the possible cycles of the ship industry are studied through univariate autoregressive integrated moving average time series models. The adjusted model with data from the world’s fleets (1924–1994) presents an empirical contrast which seems to confirm the coexistence of long and short cycles in the maritime transport of 4 and 12.7 years, respectively. The result seems to confirm the well known Cobwed theorem in the case of short-run cycles and long-run stock cycles.

Suggested Citation

  • Pablo Coto-Millán & José María Sarabia-Alegría & Lucía Inglada-Pérez, 2010. "Cycles in the Ship Building Industry: An Empirical Evidence," Contributions to Economics, in: Pablo Coto-Millán & Miguel Angel Pesquera & Juan Castanedo (ed.), Essays on Port Economics, pages 143-147, Springer.
    • Handle: RePEc:spr:conchp:978-3-7908-2425-4_10
    DOI: 10.1007/978-3-7908-2425-4_10
    as

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