M. Laura Ojeda , M. Priscila Ramos , Carlos A. Romero , Juan I. Mercatante , Juan Carlos Hallak
{"title":"Unveiling the Panama Canal's economic influence: An input-output measuring","authors":"M. Laura Ojeda , M. Priscila Ramos , Carlos A. Romero , Juan I. Mercatante , Juan Carlos Hallak","doi":"10.1016/j.rtbm.2025.101508","DOIUrl":null,"url":null,"abstract":"<div><div>This paper offers a comprehensive analysis of the economic impact of the Panama Canal on the Panamanian economy in 2022. Utilizing an Input-Output model calibrated with a detailed Social Accounting Matrix and Employment Satellite Account, the study examines the direct contributions of the Canal, exploring its interindustry connections, labor dynamics, and effects on government finances. The Hypothetical Extraction exercise within the Input-Output framework quantifies the broader economic ramifications. Results highlight the Canal's pivotal role, extending beyond direct contributions, and emphasize its significance in shaping the national economy. The Canal's total contribution to GDP is estimated at 7.7 %, exceeding 23 % in government revenues (mainly dividends). Regarding exports, 15.9 % can be attributed to the Canal. Additionally, the Canal significantly contributes to job creation, accounting for 2.9 % of total employment. This approach and case study provide valuable insights for policymakers and stakeholders, aiding informed decision-making and development strategies in Panama's ongoing economic journey.</div></div>","PeriodicalId":47453,"journal":{"name":"Research in Transportation Business and Management","volume":"63 ","pages":"Article 101508"},"PeriodicalIF":4.4000,"publicationDate":"2025-09-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Research in Transportation Business and Management","FirstCategoryId":"5","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S2210539525002238","RegionNum":2,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0
Abstract
This paper offers a comprehensive analysis of the economic impact of the Panama Canal on the Panamanian economy in 2022. Utilizing an Input-Output model calibrated with a detailed Social Accounting Matrix and Employment Satellite Account, the study examines the direct contributions of the Canal, exploring its interindustry connections, labor dynamics, and effects on government finances. The Hypothetical Extraction exercise within the Input-Output framework quantifies the broader economic ramifications. Results highlight the Canal's pivotal role, extending beyond direct contributions, and emphasize its significance in shaping the national economy. The Canal's total contribution to GDP is estimated at 7.7 %, exceeding 23 % in government revenues (mainly dividends). Regarding exports, 15.9 % can be attributed to the Canal. Additionally, the Canal significantly contributes to job creation, accounting for 2.9 % of total employment. This approach and case study provide valuable insights for policymakers and stakeholders, aiding informed decision-making and development strategies in Panama's ongoing economic journey.
期刊介绍:
Research in Transportation Business & Management (RTBM) will publish research on international aspects of transport management such as business strategy, communication, sustainability, finance, human resource management, law, logistics, marketing, franchising, privatisation and commercialisation. Research in Transportation Business & Management welcomes proposals for themed volumes from scholars in management, in relation to all modes of transport. Issues should be cross-disciplinary for one mode or single-disciplinary for all modes. We are keen to receive proposals that combine and integrate theories and concepts that are taken from or can be traced to origins in different disciplines or lessons learned from different modes and approaches to the topic. By facilitating the development of interdisciplinary or intermodal concepts, theories and ideas, and by synthesizing these for the journal''s audience, we seek to contribute to both scholarly advancement of knowledge and the state of managerial practice. Potential volume themes include: -Sustainability and Transportation Management- Transport Management and the Reduction of Transport''s Carbon Footprint- Marketing Transport/Branding Transportation- Benchmarking, Performance Measurement and Best Practices in Transport Operations- Franchising, Concessions and Alternate Governance Mechanisms for Transport Organisations- Logistics and the Integration of Transportation into Freight Supply Chains- Risk Management (or Asset Management or Transportation Finance or ...): Lessons from Multiple Modes- Engaging the Stakeholder in Transportation Governance- Reliability in the Freight Sector