| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP15956
|
| DP15956 Dry Bulk Shipping and the Evolution of Maritime Transport Costs, 1850-2020 |
| David Jacks; Martin Stuermer
|
| 发表日期 | 2021-03-24
|
| 出版年 | 2021
|
| 语种 | 英语
|
| 摘要 | We provide evidence on the dynamic effects of fuel price shocks, shipping demand shocks, and shipping supply shocks on real dry bulk freight rates in the long run. We first analyze a new dataset on dry bulk freight rates for the period from 1850 to 2020, finding that they followed a downward but undulating path with a cumulative decline of 79%. Next, we turn to understanding the drivers of booms and busts in the dry bulk shipping industry, finding that shipping demand shocks strongly dominate all others as drivers of real dry bulk freight rates in the long run. Furthermore, while shipping demand shocks have increased in importance over time, shipping supply shocks in particular have become less relevant. |
| 主题 | Economic History
|
| 关键词 | Dry bulk
Maritime freight rates
Structural var
|
| URL | https://cepr.org/publications/dp15956
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544946
|
推荐引用方式
GB/T 7714 |
David Jacks,Martin Stuermer. DP15956 Dry Bulk Shipping and the Evolution of Maritime Transport Costs, 1850-2020. 2021.
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