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The dry-bulk shipping market: a small econometric model

Author

Listed:
  • Evangelia Kasimati

    (Bank of Greece)

  • Nikolaos Veraros

    (King’s College London and Athens Laboratory of Business Administration (ALBA))

Abstract

Dry-bulk shipping is of paramount importance for the safe and efficient transportation of goods around the world. This paper introduces a small econometric model describing the main dynamics and interactions within this sector. In addition, we have efficiently integrated the influence of global trade demand on freight rates, addressing a limitation that has persisted in many similar models. We consider that our model could assist market participants to take more educated decisions in chartering and investing.

Suggested Citation

  • Evangelia Kasimati & Nikolaos Veraros, 2024. "The dry-bulk shipping market: a small econometric model," Working Papers 331, Bank of Greece.
    • Handle: RePEc:bog:wpaper:331
    DOI: 10.52903/wp2024331
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    More about this item

    Keywords

    International shipping; freight rates; seaborne trade; econometric model; forecasting;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • F47 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Forecasting and Simulation: Models and Applications

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