Investigating the Impact of Macroeconomic Variables on the Container Trading in Iranian Ports of the Persian Gulf
Nowadays, maritime trade plays an important role in the economy of some countries, including Iran. Especially, some of the ports in Iran that are located on the Persian Gulf border carry out container shipping operations. Therefore, in the present study, we investigate the impact of the most importa...
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| Format: | Article |
| Language: | English |
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University of Sistan and Baluchestan
2022-12-01
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| Series: | International Journal of Business and Development Studies |
| Subjects: | |
| Online Access: | https://ijbds.usb.ac.ir/article_7475_7f911bbcbcd5d542e9ff88a5ff73d8fa.pdf |
| _version_ | 1797803267062759424 |
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| author | Reza Roshan |
| author_facet | Reza Roshan |
| author_sort | Reza Roshan |
| collection | DOAJ |
| description | Nowadays, maritime trade plays an important role in the economy of some countries, including Iran. Especially, some of the ports in Iran that are located on the Persian Gulf border carry out container shipping operations. Therefore, in the present study, we investigate the impact of the most important macroeconomic factors on the container trading in Iranian ports in the Persian Gulf. For this purpose, we employed the autoregressive distributive lag (ARDL) approach for the estimating effect of oil price, gross national production, industrialization and exchange rate on the container trading volume. The used data are quarterly. Container business data is related to the ports of Shahid Rajaei, Bushehr, Imam Khomeini, Khorramshahr, Shahid Bahonar, which are obtained from the Ports and Maritime Organization. The results of this study show a negative impact of increasing oil price on Iran's container trading. Moreover, our empirical findings indicate that the effect of industrial indicator (INDS) on the container trading volume is positively. Also, one percent increases in gross national production (GNP) leads to %0.37 increase in container trading, and one percent increase in exchange rate (EXH) leads to %.17 decrease in container trading, respectively. Finally, coefficient of ECM is -0.54. It means that speed of adjustment in the function of container trading volume is relatively high, and in each period, 54 percent deviation from long run direction of container trading volume to be corrected by variables of model. |
| first_indexed | 2024-03-13T05:19:16Z |
| format | Article |
| id | doaj.art-7ff782ced1e34d27ad1af80e032be98e |
| institution | Directory Open Access Journal |
| issn | 2538-3302 2538-3310 |
| language | English |
| last_indexed | 2024-03-13T05:19:16Z |
| publishDate | 2022-12-01 |
| publisher | University of Sistan and Baluchestan |
| record_format | Article |
| series | International Journal of Business and Development Studies |
| spelling | doaj.art-7ff782ced1e34d27ad1af80e032be98e2023-06-15T17:04:59ZengUniversity of Sistan and BaluchestanInternational Journal of Business and Development Studies2538-33022538-33102022-12-01142455610.22111/ijbds.2022.74757475Investigating the Impact of Macroeconomic Variables on the Container Trading in Iranian Ports of the Persian GulfReza Roshan0Associate Professor of Economics, Faculty of Business and Economics, Persian Gulf University, Bushehr, Iran.Nowadays, maritime trade plays an important role in the economy of some countries, including Iran. Especially, some of the ports in Iran that are located on the Persian Gulf border carry out container shipping operations. Therefore, in the present study, we investigate the impact of the most important macroeconomic factors on the container trading in Iranian ports in the Persian Gulf. For this purpose, we employed the autoregressive distributive lag (ARDL) approach for the estimating effect of oil price, gross national production, industrialization and exchange rate on the container trading volume. The used data are quarterly. Container business data is related to the ports of Shahid Rajaei, Bushehr, Imam Khomeini, Khorramshahr, Shahid Bahonar, which are obtained from the Ports and Maritime Organization. The results of this study show a negative impact of increasing oil price on Iran's container trading. Moreover, our empirical findings indicate that the effect of industrial indicator (INDS) on the container trading volume is positively. Also, one percent increases in gross national production (GNP) leads to %0.37 increase in container trading, and one percent increase in exchange rate (EXH) leads to %.17 decrease in container trading, respectively. Finally, coefficient of ECM is -0.54. It means that speed of adjustment in the function of container trading volume is relatively high, and in each period, 54 percent deviation from long run direction of container trading volume to be corrected by variables of model.https://ijbds.usb.ac.ir/article_7475_7f911bbcbcd5d542e9ff88a5ff73d8fa.pdfcontainer tradingiranian ports in the persian gulfmacroeconomic variablesardl approach |
| spellingShingle | Reza Roshan Investigating the Impact of Macroeconomic Variables on the Container Trading in Iranian Ports of the Persian Gulf International Journal of Business and Development Studies container trading iranian ports in the persian gulf macroeconomic variables ardl approach |
| title | Investigating the Impact of Macroeconomic Variables on the Container Trading in Iranian Ports of the Persian Gulf |
| title_full | Investigating the Impact of Macroeconomic Variables on the Container Trading in Iranian Ports of the Persian Gulf |
| title_fullStr | Investigating the Impact of Macroeconomic Variables on the Container Trading in Iranian Ports of the Persian Gulf |
| title_full_unstemmed | Investigating the Impact of Macroeconomic Variables on the Container Trading in Iranian Ports of the Persian Gulf |
| title_short | Investigating the Impact of Macroeconomic Variables on the Container Trading in Iranian Ports of the Persian Gulf |
| title_sort | investigating the impact of macroeconomic variables on the container trading in iranian ports of the persian gulf |
| topic | container trading iranian ports in the persian gulf macroeconomic variables ardl approach |
| url | https://ijbds.usb.ac.ir/article_7475_7f911bbcbcd5d542e9ff88a5ff73d8fa.pdf |
| work_keys_str_mv | AT rezaroshan investigatingtheimpactofmacroeconomicvariablesonthecontainertradinginiranianportsofthepersiangulf |