Naslov
Seaports and Economic Growth: Panel Data Analysis of EU Port Regions

Autori
Mudronja, Gorana ; Jugović, Alen ; Škalamera- Alilović, Dunja

Izvornik
Journal of marine science and engineering (2077-1312) 8 (2020), 12; 1017, 17

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
seaports ; EU port regions ; regional economies ; panel data analysis ; endogenous growth theory

Sažetak
Seaports are an important factor in regional economies since their operations create positive effects on the economy. The application of new technologies and innovations is important for the successful operation of seaports ; their use reduces costs, facilitates business, increases transparency, and attracts new business entities. This paper analyses the impact of seaports on the growth of regional economies within the endogenous growth theory based on research and development (R&D) for a sample of 107 European Union’s (EU) port regions observed over the period from 2005 to 2015. The model was tested by using the two-step generalized method of moments. The results of the research indicate that seaports have a significant impact on the economic growth of the EU port regions, yet it is necessary to consider other factors that affect the growth of regional economies such as investments in R&D and human capital. These factors are often underestimated in relation to investment in transport infrastructure ; therefore, the guidelines for partial diversion of funds might follow such a path.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
This research was funded by the project
“Kompleksni multiplikativni učinci morskih luka i
njihov utjecaj na gospodarstvo” (University of
Rijeka, Faculty of Maritime Studies) and by the
project number [uniri-drustv-18-166] (University
of Rijeka).

POVEZANOST RADA