The dynamics of shipbuilding in shipping: an econometric analysis

Xu, Jane ORCID: https://orcid.org/0000-0002-5550-1342 2011. The dynamics of shipbuilding in shipping: an econometric analysis. VDM Verlag Dr. Müller.

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Abstract

This book provides an empirical analysis of the role of shipbuilding in the large shipping world. A large amount of studies on shipping markets are based on the efficient market theory. However, given the unpredictable and ever-changing nature of shipping industry, it is not convincing to study the market statically. This book looks into the dynamics between freight and shipbuilding markets in a more delicate way: the interaction among freight rate, shipbuilding order and delivery. It focuses specifically on the factor of 'time lag' between different shipping segments through a comprehensive econometric analysis. Shipbuilding variables do not interact with other economic variables in a static way, the dynamics among freight rate, shipbuilding order and delivery act in a cyclical manner. While the shipbuilding market largely depends on the operating environment of other shipping markets, it influences back freight market profoundly.

Item Type:	Book
Book Type:	Authored Book
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics)
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management H Social Sciences > HE Transportation and Communications H Social Sciences > HF Commerce V Naval Science > VM Naval architecture. Shipbuilding. Marine engineering
Publisher:	VDM Verlag Dr. Müller
ISBN:	9783639319972
Last Modified:	19 Oct 2022 10:48
URI:	https://orca.cardiff.ac.uk/id/eprint/25581

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