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Journals / Sosyoekonomi / 2019 / Cilt: 27 - Sayı: 42

The Impact of Steel Price on Ship Demolition Prices: Evidence from Heterogeneous Panel of Developing Countries

Çelik Fiyatının Gemi Hurdası Fiyatlarına Etkisi: Gelişmekte Olan Ülkeler Heterojen Panelinden Bulgular

Mehtap TUNÇ
Abdullah AÇIK
Pages
227–240
Publication Date
2019-10-31
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

As a result of the study, a collective causality relationship from steel price to demolition prices is determined and individual causality relationships for all countries except Bangladesh are identified.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In this study, the causal relationship between global steel prices and demolition prices in five developing countries (Bangladesh, China, India, Pakistan, and Turkey) that host five main ship scrap centers in the world are examined.
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Key Findings & Data:The data set used in this study consists of 289 weekly observations from January 8, 2013 to July 16, 2018.
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Conclusion & Impact:As a result of the study, a collective causality relationship from steel price to demolition prices is determined and individual causality relationships for all countries except Bangladesh are identified.
🔬Design:Research Article
📍Scope:2013 Verileri
⚙️Variables:Çelik Fiyatı · Gemi Hurda Fiyatı · Bootstrap Panel Nedensellik

Abstract

In this study, the causal relationship between global steel prices and demolition prices in five developing countries (Bangladesh, China, India, Pakistan, and Turkey) that host five main ship scrap centers in the world are examined. The bootstrap panel Granger causality analysis is employed to take heterogeneity and cross-sectional dependence into account. The data set used in this study consists of 289 weekly observations from January 8, 2013 to July 16, 2018. As a result of the study, a collective causality relationship from steel price to demolition prices is determined and individual causality relationships for all countries except Bangladesh are identified.

Özet

Bu çalışmada, küresel çelik fiyatlarıyla, gelişmekte olan ve dünyadaki başlıca 5 gemi söküm merkezleri olan Bangladeş, Çin, Hindistan, Pakistan ve Türkiye’deki gemi hurda fiyatları arasındaki nedensellik ilişkisi incelenmektedir. Çalışmada heterojenliği ve yatay kesit bağımlılığını dikkate alan bootstrap Granger panel nedensellik analizi kullanılmaktadır. Çalışmada kullanılan veri seti 8 Ocak 2013 ve 16 Temmuz 2018 tarihleri arasını kapsayan haftalık bazda 289 gözlemden oluşmaktadır. Çalışmanın sonucunda çelik fiyatından hurda fiyatlarına bir bütün olarak nedensellik ilişkisi tespit edilmiştir ve Bangladeş dışındaki tüm ülkelerin hurda fiyatlarına bireysel olarak nedensellik ilişkileri olduğu belirlenmiştir.

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Cite This Article

TUNÇ, M., AÇIK, A. (2019). The Impact of Steel Price on Ship Demolition Prices: Evidence from Heterogeneous Panel of Developing Countries. Sosyoekonomi, Cilt: 27 - Sayı: 42, 227–240. https://ajindex.com/articles/139843

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