Determinants of the demand of international maritime transport

Abstract

This paper analyses the behaviour of the functions of importing and exporting goods by maritime transport mode in Spain during the period 1994.I-1998. IV Cointegration techniques are used in the estimations to obtain long-term price and income elasticities. These estimations can be used to assess the effects of price modifications in the volume of imports and exports and, hence, to carry out forecasts on international trade and maritime transport. © 2010 Springer-Verlag Berlin Heidelberg.