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A preliminary analysis of U.S. import volumes and regional effects associated with the Panama Canal expansion

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  • Medina, Jorge
  • Kim, Jong-Ho
  • Lee, EunSu

Abstract

This paper examines the regional impact of the Panama Canal expansion on U.S. import volumes by using a fixed effect model and panel data for U.S. container ports from 2000 to 2017. The increasing number of larger vessels traversing the expanded canal increases the number of containers for relatively large ports in the Gulf and Atlantic coasts. Our results reveal that the expansion of the canal increased import volumes by an average of 24.2%, compared to ports in the Pacific Coast. Various robustness checks reduce our estimations, but they remain statistically significant.

Suggested Citation

  • Medina, Jorge & Kim, Jong-Ho & Lee, EunSu, 2020. "A preliminary analysis of U.S. import volumes and regional effects associated with the Panama Canal expansion," Research in Transportation Economics, Elsevier, vol. 84(C).
    • Handle: RePEc:eee:retrec:v:84:y:2020:i:c:s0739885920301670
    DOI: 10.1016/j.retrec.2020.100969
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    References listed on IDEAS

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    1. Maurizio Bussolo & Rafael de Hoyos & Denis Medvedev, 2012. "Distributional Effects of the Panama Canal Expansion," Economía Journal, The Latin American and Caribbean Economic Association - LACEA, vol. 0(Fall 2012), pages 79-129, August.
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    3. Martinez, Camil & Steven, Adams B. & Dresner, Martin, 2016. "East Coast vs. West Coast: The impact of the Panama Canal’s expansion on the routing of Asian imports into the United States," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 91(C), pages 274-289.
    4. Lindstad, Haakon & Jullumstrø, Egil & Sandaas, Inge, 2013. "Reductions in cost and greenhouse gas emissions with new bulk ship designs enabled by the Panama Canal expansion," Energy Policy, Elsevier, vol. 59(C), pages 341-349.
    5. Joyendu Bhadury, 2016. "Panama Canal expansion and its impact on East and Gulf coast ports of U.S.A," Maritime Policy & Management, Taylor & Francis Journals, vol. 43(8), pages 928-944, November.
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    More about this item

    Keywords

    Maritime transportation; Maritime logistics; Neopanamax; Panama Canal; Container port; Port investment;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
    • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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