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A review of the transport sector: Notes from the post-COVID-19 era

Author

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  • Chatzinikolaou, Dimos

    (Democritus University of Thrace, Department of Economics)

  • Vlados, Charis

    (Democritus University of Thrace, Department of Economics)

Abstract

The transport industry is one of the fundamental development pillars of all socioeconomic systems nowadays. This article aims to examine whether the current pandemic crisis of COVID-19—which significantly repositions all socioeconomic dimensions—accelerates developments, especially in the transport sector. This introduction investigates critical perspectives from the history of transport, ending up with the trends that (seemingly) existed before the current crisis. The primary finding corresponds to the acceleration caused by COVID-19, especially in trends related to increased digitalization and the need for investment in new infrastructure across the world. Also, the de-carbonization and the rise of the “prosumer” (the individual who consumes and produces value simultaneously) are accelerating forces in the transport industry.

Suggested Citation

  • Chatzinikolaou, Dimos & Vlados, Charis, 2021. "A review of the transport sector: Notes from the post-COVID-19 era," DUTH Research Papers in Economics 21-2021, Democritus University of Thrace, Department of Economics.
    • Handle: RePEc:ris:duthrp:2021_021
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    More about this item

    Keywords

    transport sector; COVID-19 crisis; history of transport; investment infrastructure; digitalization; de-carbonization; prosumer;
    All these keywords.

    JEL classification:

    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • L91 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Transportation: General
    • N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative

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