International Trade and Maritime Transport in North America: An Analysis of Productivity and Foreign Direct Investment

IF 0.2 Q4 BUSINESS

Inquietud Empresarial Pub Date : 2022-12-01 DOI:10.19053/01211048.14234

María Guadalupe Cortés-Medina, Irma Cristina Espitia Moreno, Dalia García-Orozco, O. V. de la Torre-Torres

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引用次数: 0

Abstract

Port logistics activity is a vital element in foreign trade. In a globalized environment that demands greater competitiveness, trade agreements and synergies between trade blocs through maritime transport allow commercial development between economies. This research analyzes the relationship between international trade through seaports and investment in the countries that make up the North American Free Trade Agreement (NAFTA) from 1997 to 2017. An econometric panel data model is used to measure the relationship between the variables, and unit root tests, cointegration tests (Kao and Fisher-Johansen tests), and heterogeneous causality tests (Hurlin and Dumitrescu test) are performed. The results show a positive relationship between trade and productivity, as well as a positive relationship between commerce and direct foreign investment; hence, an increase in investment causes a growth in international trade between Mexico, the United States, and Canada. JEL Codes: F40 Received: 18/04/2022. Accepted: 26/07/2022. Published: 01/12/2022.

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北美的国际贸易和海运:生产率和外国直接投资分析

港口物流活动是对外贸易的重要组成部分。在需要更大竞争力的全球化环境中，贸易协定和贸易集团之间通过海上运输的协同作用使各经济体之间的商业发展成为可能。本研究分析了1997年至2017年北美自由贸易协定(NAFTA)成员国通过海港进行的国际贸易与投资之间的关系。采用计量面板数据模型测量变量之间的关系，并进行单位根检验、协整检验(Kao和Fisher-Johansen检验)和异质性因果检验(Hurlin和Dumitrescu检验)。结果表明，贸易与生产率之间存在正相关关系，商业与外国直接投资之间也存在正相关关系;因此，投资的增加导致了墨西哥、美国和加拿大之间国际贸易的增长。JEL代码:f40收稿日期:18/04/2022。接受:26/07/2022。发表:01/12/2022。

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来源期刊

Inquietud Empresarial BUSINESS-

自引率

37.50%

发文量

审稿时长

15 weeks