Seaports and Economic Growth: Panel Data Analysis of EU Port Regions

Journal of Marine Science and Engineering

Dunja Škalamera-Alilović¹  Alen Jugović²  Gorana Mudronja² 

[1] Department of Economic Theory, Faculty of Economics and Business, University of Rijeka, Ivana FIlipovića 4, 51000 Rijeka, Croatia;Department of Maritime Logistics and Management, Faculty of Maritime Studies, University of Rijeka, Studentska ulica 2, 51000 Rijeka, Croatia;

关键词: seaports;    EU port regions;    regional economies;    panel data analysis;    endogenous growth theory;   

DOI  :  10.3390/jmse8121017

来源: DOAJ

【 摘 要 】

Seaports are an important factor in regional economies since their operations create positive effects on the economy. The application of new technologies and innovations is important for the successful operation of seaports; their use reduces costs, facilitates business, increases transparency, and attracts new business entities. This paper analyses the impact of seaports on the growth of regional economies within the endogenous growth theory based on research and development (R&D) for a sample of 107 European Union’s (EU) port regions observed over the period from 2005 to 2015. The model was tested by using the two-step generalized method of moments. The results of the research indicate that seaports have a significant impact on the economic growth of the EU port regions, yet it is necessary to consider other factors that affect the growth of regional economies such as investments in R&D and human capital. These factors are often underestimated in relation to investment in transport infrastructure; therefore, the guidelines for partial diversion of funds might follow such a path.

【 授权许可】

Unknown