Seaports Activity (A)synchronicity, Trade Intensity and Business Cycle Convergence: A Panel Data Analysis
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In the present paper we suggest and test a general model that aims to explain the determinants and the extent of parallel moving (i.e. the synchronization) of trading ports activities. The model adopts a macro-approach and its main constituents are a) the business cycle (GDP) convergence, b) the intensity of trade between the countries of origin and destination, and c) the variables associated to international shipping developments. The present study makes possible the identification of distinc...
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