Research ArticleOpen AccessGoogle Scholar indexed
Analysis of Relationships between Port Activity and Other Sectors of the Economy: Evidence from Cote d’Ivoire
Department of Transportation Economics and Maritime Management, School of Economics and Management, Shanghai Maritime University, Shanghai, China.
- 1 Department of Transportation Economics and Maritime Management, School of Economics and Management, Shanghai Maritime University, Shanghai, China.
American Journal of Industrial and Business Management·Volume 03 (2013)·Pages 357–366·Published 24 June 2013·DOI10.4236/ajibm.2013.33042
Copy link · social · email
Abstract
This research paper aims to study the correlation between the port activity and the activity of the different services sectors. By comparing trends between them and analyzing the causality relationships between the port traffic and the other economic sectors, our study tends to present how the activity of the port of Abidjan could have a decisive effect on the local economy. To meet our objectives, correlation analysis and statistical test tools Eviews and other techniques have been run with data provided by local agencies and port authority. By doing so, our research study finds that there is existing correlation between port activity and activity generated by the other services sectors and its contribution can accelerate the economic growth.
KeywordsPort ActivityCorrelationEconomic Sectors ActivitiesPort TrafficCausalityGDP
- M. Gossio, “Competitiveness of the Port of Abidjan: 25 Million Tonne of Cargo by the End of the Year,” Interview of Port of Authority at Africa, 24 October 2010
- P. S. E. Nomel, “Shipping and Invasion of Second-Hand Vehicles in West African Ports: Analysing the Factors and Market Effects at the Port of Abidjan,” American Journal of Industrial and Business Management, Vol. 3 No. 2, 2013, pp. 209-221. doi:10.4236/ajibm.2013.32026
- D. A. Aschauer, “Is Public Expenditure Productive?” Journal of Monetary Economics, Vol. 23, No. 2, 1989, pp. 177-200. doi:10.1016/0304-3932(89)90047-0
- E. M. Gramlich, “Infrastructure Investment: A Review Essay,” Journal of Economic Literature, Vol. 32, No. 3, 1994, pp. 1176-1196.
- T. H. Oum and J. Park, “Multinational Firms’s Location Preference for Regional Distribution Centers: Focus on the Northeast Asian Region,” Transportation Research Part E, Vol. 40, No. 2, 2004, pp. 101-121. doi:10.1016/S1366-5545(03)00036-X
- K. P. Steven and L. J. Eric, “Evaluating the Relationship between Transportation Infrastructure and Economic Activity: Evidence from Washington State,” Journal of the Transportation Research Forum, Vol. 47, No. 2, 2008, pp. 21-39.
- N. R. Smith and D. Guemes-Castorena, “A Correlation Study of Logistics Capabilities of the States of Mexico,” 2006, pp. 1-5. http://homepages.mty.itesm.mx/guem.pdf
- M. Stopford, “Maritime Economics, Countries: A Comparative Analysis,” Geographic Review, Vol. 53, Routeledge, London and New York, 1997, pp. 503-529.
- Wikipedia, “Port,” 2012. http://en.wikipedia.org/wiki/
- P. W. Langen and M. Nijdam, “Port Economics, Policy and Management,” Erasmus University, Rotterdam, 2006, pp. 6-89.
- S. Johansen, “Statistical Analysis of Cointegration Vectors,” Journal of Economic Dynamics and Control, Vol. 12, No. 2-3, 1988, pp. 231-254. doi:10.1016/0165-1889(88)90041-3
- C. Granger, “Investigating Causal Relations by Econometric Models and Cross-Spectral Methods,” Econometrica, Vol. 37, No. 3, 1969, pp. 424-438. doi:10.2307/1912791
- S. Johansen and K. Juselius, “Maximum Likelihood Estimation and Inference on Cointegration-with Applications to the Demand for Money,” Oxford Bulletin of Economics and Statistics, Vol. 52, No. 2, 1990, pp. 169-210. doi:10.1111/j.1468-0084.1990.mp52002003.x
- R. Engle and C. Granger, “Co-Integration and Error Correction: Representation, Estimation and Testing,” Econometrica, Vol. 55, No. 2, 1987, pp. 251-276. doi:10.2307/1913236