Exploring the link between port throughput and economic activity: some comments on space- and time-related issues
Faculty of Applied Economics
Jönköping , 2010
Proceedings of the 50th Anniversary European Congress of the Regional Science Association International (ERSA) Sustainable regional growth and development in the creative knowledge economy, 19th-23rd August 2010 Jönköping, Sweden
University of Antwerp
The link between economic activity and (freight) transport is a classic issue in regional science. A subtopic is the impact of economic activity on the demand for maritime transport through ports. Understanding this relationship contributes to a better understanding of the dynamics of port throughput, which is important for infrastructure planning and other strategic decisions. This paper focuses on the port of Antwerp (Belgium) and explores the link between port throughput and GDP. An exploratory analysis reveals that not only the GDP of Belgium matters, but also that of neighbouring countries. Furthermore, different results are obtained for different commodity groups, and the most appropriate time-lag is not the same for each country. On the basis of these findings, we formulate some recommendations for port throughput models.