An empirical investigation of the seaport’s economic impact: Evidence from major ports in China

In this study, we investigate the impact of the seaport on host city’s economic development. Based on data from 41 major port cities in China over the period 2003–2010, our econometric analysis shows that port cargo throughput has a positive effect on the economic growth of the host city. In addition, the competing ports in the neighborhood have an even larger positive association with the local port city. Through examining some of the most dynamic ports in the world, this study provides a renewed understanding of the economic importance of seaports.

[1]  R. P. Medina,et al.  Economic impact of western Mediterranean leisure ports , 2008 .

[2]  C. Granger.  Investigating Causal Relations by Econometric Models and Cross-Spectral Methods , 1969 .

[3]  Rose Gripaios,et al.  THE IMPACT OF A PORT ON ITS LOCAL ECONOMY: THE CASE OF PLYMOUTH. , 1995 .

[4]  Sandra Poncet,et al.  Could Financial Distortions Be No Impediment to Economic Gowth after All? Evidence from China , 2008 .

[5]  M. Pesaran.  General diagnostic tests for cross-sectional dependence in panels , 2004, Empirical Economics.

[6]  Jeffrey M. Wooldridge,et al.  Solutions Manual and Supplementary Materials for Econometric Analysis of Cross Section and Panel Data , 2003 .

[7]  The Role of Ports in the Development of Mediterranean Islands , 2008 .

[8]  W. Yap,et al.  Competition dynamics between container ports in East Asia , 2006 .

[9]  D. Weil,et al.  A Contribution to the Empirics of Economic Growth Author ( s ) : , 2008 .

[10]  Dong-Wook Song,et al.  Port co-opetition in concept and practice , 2003 .

[11]  Jan Oosterhaven,et al.  Clusters, Linkages and Interregional Spillovers: Methodology and Policy Implications for the Two Dutch Mainports and the Rural North , 2001 .

[12]  R. Fabling,et al.  Any port in a storm: Impacts of new port infrastructure on exporter behaviour , 2013 .

[13]  C. Chiang,et al.  Cooperation and Competitiveness of Intra-Regional Container Ports , 2010 .

[14]  Susheng Wang,et al.  Financial development and economic growth: Recent evidence from China , 2012 .

[15]  Claudio Ferrari,et al.  The impact of port throughput on local employment: Evidence from a panel of European regions , 2013 .

[16]  Kristen Monaco,et al.  Ports and Highways Infrastructure , 2008 .

[17]  G. Mulligan,et al.  REGRESSION ESTIMATES OF ECONOMIC BASE MULTIPLIERS FOR SMALL COMMUNITIES , 1984 .

[18]  Elias Tzavalis,et al.  Inference for unit roots in dynamic panels where the time dimension is fixed , 1999 .

[19]  Port city factors and port production : analysis of Chinese ports , 2011 .

[20]  V. Agarwal,et al.  Economic Impact of a Port on a Regional Economy: Note , 1987 .

[21]  C. Ferrari,et al.  Ports and Local Development: Evidence from Italy , 2010 .

[22]  Theo Notteboom,et al.  Complementarity and Substitutability among Adjacent Gateway Ports , 2009 .

[23]  Jeffrey M. Wooldridge,et al.  Introductory Econometrics: A Modern Approach , 1999 .

[24]  José Villaverde Castro,et al.  PORT ECONOMIC IMPACT: METHODOLOGIES AND APPLICATION TO THE PORT OF SANTANDER. , 1998 .

[25]  Dong-Wook Song,et al.  Regional container port competition and co-operation: the case of Hong Kong and South China , 2002 .

[26]  A. Venables,et al.  The Spatial Economy: Cities, Regions, and International Trade , 1999 .

[27]  G. Mulligan.  MULTIPLER EFFECTS AND STRUCTURAL CHANGE: APPLYING ECONOMIC BASE ANALYSIS TO SMALL ECONOMIES , 1994 .

[28]  David Pickernell,et al.  Assessing the economic significance of port activity: evidence from ABP Operations in industrial South Wales , 2006 .

[29]  T. Notteboom,et al.  Structural changes in logistics: how will port authorities face the challenge? , 2001 .

[30]  John R. Freeman.  Granger Causality and the Time Series Analysis of Political Relationships , 1983 .

[31]  G. Mulligan,et al.  Using Dummy Variables to Estimate Economic Base Multipliers , 1994 .