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Empirical analysis of the relationship between trade wars and sea-air transportation

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Kiracı K., Akan E.
Economics and Business Review
|
2020
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vol. 6(20)
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issue 3
23-44
EN
The aim of this paper is to empirically analyse the relationship between the trade wars and modes of transport for selected countries. For this purpose the causality relationship between trade value and sea transport / air transportation for EU-G20 and US-G20 countries was examined. Panel causality analysis was used as a method in the study. The empirical findings of the study show the existence of a causality relationship between the trade value and modes of transport (sea transport and air transport) for country groups. This shows that the countries' sea and air transport will be adversely afected by trade wars.
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Trade wars and the changing international order: a crisis of globalization?

88%
Mihaylov V., Sitek S.
Miscellanea Geographica. Regional Studies on Development
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2021
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vol. 25
|
issue 2
99-109
EN
Increased geopolitical competition and growing economic nationalism after 2014 have gradually started to slow the trend of liberalization of international trade. Relations among certain national states have turned into trade wars – a hybrid phenomenon shaped at the intersection of geopolitics and geoeconomics. The paper explores global and regional trends in trade regulations introduced by the world’s largest economies and, at the same time, its major military powers. The G20 countries’ role in these processes was illustrated through references to empirical data on the dynamics of the introduced trade regulations in 2009–2018. The effectiveness of the regulations index is proposed. Apart from the harm that deepening such negative trends in the global geostrategic balance does to broader bilateral relations, the role of trade wars in re-shaping globalization’s established conditions is also discussed.
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