Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/217519 
Year of Publication: 
2018
Citation: 
[Journal:] Journal of Shipping and Trade (JST) [ISSN:] 2364-4575 [Volume:] 3 [Issue:] 1 [Publisher:] SpringerOpen [Place:] London [Year:] 2018 [Pages:] 1-19
Publisher: 
SpringerOpen, London
Abstract: 
Considering 91 countries with seaports, this study conducted an empirical inquiry into the broader economic contribution of seaborne trade, from a port infrastructure quality and logistics performance perspective. Investment in quality improvement of port infrastructure and its contribution to economy are often questioned by politicians, investors and general public. A structural equation model (SEM) is used to provide empirical evidence of significant economic impacts of port infrastructure quality and logistics performance. Furthermore, analysis of a multi-group SEM is performed by dividing countries into developed and developing economy groups. The results reveal that it is vital for developing countries to continuously improve the quality of port infrastructure as it contributes to better logistics performance, leading to higher seaborne trade, yielding higher economic growth. However, this association weakens as the developing countries become richer.
Subjects: 
international trade
economic growth
developing economies
structural equation modeling
multi group analysis
neoclassical growth theory
liner shipping connectivity
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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