Work

Port capital formation and economic development in Japan: A vector autoregression approach

Year: 2004

Type: article

Abstract: . Applying the lag-augmented vector autoregression approach developed by Toda and Yamamoto (1995), we analyse the causal relationships among GDP, private capital, transport user cost, and port capital in Japan, and investigates the dynamic and accumulated effects of port capital formation on other variables from 1966 to 1997. Results from our analysis indicate that the causal relationships between port capital and other variables are significant. Port capital development leads to accrual of considerable magnitudes of both flow and stock effects. We conclude that structural economic effects of forming port capital are substantial for Japan.

Source: Papers of the Regional Science Association

DOI: 10.1007/s10110-004-0214-2

Authors: Tetsu Kawakami, Masayuki Doi

Institution: University of Tsukuba

Language: English

Topic: Maritime Ports and Logistics

Subfield: Industrial and Manufacturing Engineering

Field: Engineering

Domain: Physical Sciences

SDGs: Industry, innovation and infrastructure, Decent work and economic growth

Open Access status: hybrid

Estimated APC paid: $2,740