The Importance of Maritime Transport for Economic Growth in the European Union: A Panel Data Analysis
| Autor: | Andrei Hrebenciuc, Ioana Andrada Gavril (Moldovan), Alexandra Fratila (Adam), Sorin Cristian Nita |
|---|---|
| Rok vydání: | 2021 |
| Předmět: |
Pollution
Natural resource economics media_common.quotation_subject Geography Planning and Development 0211 other engineering and technologies Air pollution TJ807-830 02 engineering and technology Management Monitoring Policy and Law TD194-195 medicine.disease_cause Renewable energy sources 0502 economics and business medicine pollution media_common.cataloged_instance GE1-350 021108 energy blue economy European union maritime transport media_common 050210 logistics & transportation Environmental effects of industries and plants Renewable Energy Sustainability and the Environment 05 social sciences sustainability Investment (macroeconomics) economic growth Port (computer networking) Environmental sciences Blue economy Sustainability Business panel data analysis Panel data |
| Zdroj: | Sustainability Volume 13 Issue 14 Sustainability, Vol 13, Iss 7961, p 7961 (2021) |
| ISSN: | 2071-1050 |
| Popis: | Maritime transport is one of the main activities of the blue economy, which plays an important role in the EU. In this paper, we aim to assess the impact of maritime transport, related investment, and air pollution on economic growth within 20 countries of the European Union, using eight panel data regression models from 2007 to 2018. Our results confirm that maritime transport, air pollutants (NOx and SO2) from maritime transport, and investment in maritime port infrastructure are indeed positively correlated with economic growth. In other words, an increase of 10% in these factors has generated an associated increase in economic growth rate of around 1.6%, 0.4%, 0.8%, and 0.7% respectively. Alongside the intensity of economic maritime activities, pollution is positively correlated with economic growth, and thus it is recommended that policymakers and other involved stakeholders act to diminish environmental impacts in this sector using green investment in port infrastructure and ecological ships, in accordance with the current European trends and concerns. |
| Databáze: | OpenAIRE |
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