global-journal-of-management-and-business-research-b-economic-commerce Global Journal of Management and Business Research - B: Economic & Commerce 0975-5853 2249-4588 Global Journals Publishing Group Incorporated 57590 An Empirical Analysis of the Impact of the Change of LIBOR on the Volume of Global Seaborne Trade and the Growth of World Gross Domestic Product -Cointegration and Causal Nexuses VUDuc Cong LEEKihwan VUHoang Long NORTH KOREA, Ocean University (KMOU) 15 01 2016 16 B3 65 75

Ship finance (SF), global seaborne trade (WST), world gross domestic product (WGDP) and, the London Interbank Offered Rate (LIBOR) really are the fascinating issues to the ship owners, financial institutes, bankers, banking risk managers and, maritime researchers. The remarkable developments of global shipbuilding and sea transportation are important and significantly created more productivities and businesses to the world economy today compared to last 20 th century, special in the containerization, oil tankers, liquefied petroleum gas (LPG), liquefied natural gas (LNG), dry bulk carriers and others. The ship investors normally require the large amount of capital and always seek for the suitable financial sources.

 Seaborne trade ship finance Maritime fleet Libor Johansen and Juselius cointegration VECM Granger causality Full Text

Ship finance (SF), global seaborne trade (WST), world gross domestic product (WGDP) and, the London Interbank Offered Rate (LIBOR) really are the fascinating issues to the ship owners, financial institutes, bankers, banking risk managers and, maritime researchers. The remarkable developments of global shipbuilding and sea transportation are important and significantly created more productivities and businesses to the world economy today compared to last 20th century, special in the containerization, oil tankers, liquefied petroleum gas (LPG), liquefied natural gas (LNG), dry bulk carriers and others. The ship investors normally require the large amount of capital and always seek for the suitable financial sources.