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Economic Crisis and Consequences for the Transport Sector

In: Transport Moving to Climate Intelligence

Author

Listed:
  • Werner Rothengatter

    (Karlsruhe Institute of Technology)

Abstract

The World economy has experienced the most severe economic crisis in 2007/2008 since 1929. Although the crisis started in the financial sector it has become obvious that the globalization bubble has increased the severeness of the economic downturn. As globalization is stimulating international trade, and trade is feeding the transport sector, it is natural that the sector of freight transport and logistics has been affected badly. But a deep crisis also has positive long-term effects: It helps to change routines of the economic agents such that they become more open for applying innovations and long-term challenges (“Schumpeter hypothesis”). This will induce structural changes in the economy, which may also change the patterns of freight transport and logistics. In the paper, a Schumpeter Scenario is developed to study the potential change of economic structures and the impacts on the transport markets, nationally and worldwide. There may be a chance by former transport sector to change to a more sustainable trajectory earlier than expected in the trend scenarios, if new technologies will become more compatible with the long-term issues of energy and CO2 saving.

Suggested Citation

  • Werner Rothengatter, 2011. "Economic Crisis and Consequences for the Transport Sector," Transportation Research, Economics and Policy, in: Werner Rothengatter & Yoshitsugu Hayashi & Wolfgang Schade (ed.), Transport Moving to Climate Intelligence, chapter 0, pages 9-28, Springer.
    • Handle: RePEc:spr:trachp:978-1-4419-7643-7_2
    DOI: 10.1007/978-1-4419-7643-7_2
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    Citations

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    Cited by:

    1. Silvia Andrés González‐Moralejo & Juan Francisco López Miquel, 2022. "Impacts of Covid‐19 Confinement on Transport Companies and Perishable Food Manufacturers in Spain," EuroChoices, The Agricultural Economics Society, vol. 21(2), pages 72-78, August.
    2. Cascajo, Rocío & Diaz Olvera, Lourdes & Monzon, Andrés & Plat, Didier & Ray, Jean-Baptiste, 2018. "Impacts of the economic crisis on household transport expenditure and public transport policy: Evidence from the Spanish case," Transport Policy, Elsevier, vol. 65(C), pages 40-50.
    3. Igor Štimac & Andrija Vidović & Tomislav Mihetec & Miroslav Drljača, 2020. "Optimization of Airport Capacity Efficiency by Selecting Optimal Aircraft and Airline Business Model," Sustainability, MDPI, vol. 12(10), pages 1-18, May.
    4. Magdalena Osińska & Wojciech Zalewski, 2023. "Vulnerability and resilience of the road transport industry in Poland to the COVID-19 pandemic crisis," Transportation, Springer, vol. 50(1), pages 331-354, February.
    5. Maitra, Debasish & Rehman, Mobeen Ur & Dash, Saumya Ranjan & Kang, Sang Hoon, 2021. "Oil price volatility and the logistics industry: Dynamic connectedness with portfolio implications," Energy Economics, Elsevier, vol. 102(C).
    6. Nocera, Silvio & Tonin, Stefania & Cavallaro, Federico, 2015. "Carbon estimation and urban mobility plans: Opportunities in a context of austerity," Research in Transportation Economics, Elsevier, vol. 51(C), pages 71-82.
    7. Moschovou, Tatiana P., 2017. "Freight transport impacts from the economic crisis in Greece," Transport Policy, Elsevier, vol. 57(C), pages 51-58.
    8. Wang, Hui & Han, Jiaying & Su, Min & Wan, Shulin & Zhang, Zhenchao, 2021. "The relationship between freight transport and economic development: A case study of China," Research in Transportation Economics, Elsevier, vol. 85(C).
    9. Dimitrios Folinas & Naoum Tsolakis & Dimitrios Aidonis, 2018. "Logistics Services Sector and Economic Recession in Greece: Challenges and Opportunities," Logistics, MDPI, vol. 2(3), pages 1-16, August.
    10. Luca Tiozzo Pezzoli & Elisa Tosetti, 2022. "Seismonomics: Listening to the heartbeat of the economy," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 185(S2), pages 288-309, December.
    11. Rocío Cascajo & Lourdes Diaz Olvera & Andrés Monzon & Didier Plat & Jean-Baptiste Ray, 2018. "Impacts of the economic crisis on household transport expenditure and public transport policy: Evidence from the Spanish case," Post-Print halshs-01672812, HAL.

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