| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28627 |
| 来源ID | Working Paper 28627 |
| Dry Bulk Shipping and the Evolution of Maritime Transport Costs, 1850-2020 | |
| David S. Jacks; Martin Stuermer | |
| 发表日期 | 2021-03-29 |
| 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 | Macroeconomics ; Business Cycles ; History ; Other History ; Regional and Urban Economics |
| URL | https://www.nber.org/papers/w28627 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586300 |
| 推荐引用方式 GB/T 7714 | David S. Jacks,Martin Stuermer. Dry Bulk Shipping and the Evolution of Maritime Transport Costs, 1850-2020. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28627.pdf（572KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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