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

Duc Cong VU; Kihwan LEE; Hoang Long VU

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

Duc Cong VU * §

Contact

Kihwan LEE

Contact

Hoang Long VU

Contact

Ocean University (KMOU)

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

Article Fingerprint

ReserarchID

MBRCTWTN

AI TAKEAWAY

Connecting with the Eternal Ground

Abstract

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.

References

31 Cites in Article

Reference Format

Amir Alizadeh,H Amir (2013). Trading volume and volatility in the shipping forward freight market.
Julius Anyanwu,Okechukwu (2013). Analysis of the Interelationship between the Various Shipping Markets.
D Asteriou,Stephen (2007). Applied Econometrics: A Modern Approach Using Eviews and Microfit.
Emrah Bulut (2011). Vector Autoregression Modelling For the Forecasting Freight Rates in the Dry Bulk Shipping Sector.
James Corbett (2008). The Impacts of Globalization on International Maritime Transport Activity, International Transport Forum.
Niall Coffey,Warren Hrung,Asani Sarkar (2009). Capital Constraints, Counterparty Risk, and Deviations from Covered Interest Rate Parity.
Kevin Currey (2014). Some Evolving Trends at the World Bank: Lending, Funding, Staffing, Natural Resources and Suitable Development.
David Dickey,Wayne Fuller (1979). Distribution of the Estimators for Autoregressive Time Series With a Unit Root.
Robert Engle,C Granger (1987). Co-Integration and Error Correction: Representation, Estimation, and Testing.
Neil Ericsson,James Mackinnon (2000). Distributions of error correction tests for cointegration.
Veerachai Gosasang (2011). A Comparison of Traditional and Neural Networks Forecasting Techniques for Container Throughput at Bangkok Port.
Costas Grammenos,Th (2010). The Handbook of Maritime Economics and Business, 2nd Edition, Lloyd's List.
George Gratsos (2013). Sustainable Evolution in an Ever-Changing Environment.
Hans Heiberg,Out (2012). Development of the world merchant fleet.
(2012). The Global Enabling Trade Report.
Craig Hiemstra,Jonathan Jones (1994). Testing for Linear and Nonlinear Granger Causality in the Stock Price‐Volume Relation.
Yanni Huang,Taha Rashidi,Lauren Gardner (2015). Modelling the global maritime container network.
Soren Johansen (1988). Statistical Analysis of Cointegration Vectors.
Søren Johansen,Katarina Juselius (1990). MAXIMUM LIKELIHOOD ESTIMATION AND INFERENCE ON COINTEGRATION — WITH APPLICATIONS TO THE DEMAND FOR MONEY.
Kpmg (2012). Davidson, Christopher Kenneth, (born 15 June 1957), Director, Tax Management Consulting, KPMG UK, since 2014.
Friederike Niepmann (2014). International Trade, Risk, and the Roles of Banks.
(2015). ITF Transport Outlook 2015.
Jean Rodrigue,Paul (2016). The Gepgraphy of Transport Systems.
Gisela Rua (2014). Diffusion of Containerization.
Jan Selen,Olof (2009). Implications for liner shipping connectivity.
Martin Stopford (2009). Maritime Economics.
(2002). 3 Session I – World Economy, Trade and Shipping.
Dimitrios Tsomocos,Bahattacharya,Sudipto,Charles Goodhart,Alexandros Vardoulakis (2011). Minsky's Financial Instability Hyphthesis and the Leverage Cycle, 30.
Duc Vu,; Cong,Kihwan Lee,Hoang Vu,Long (2016). An Empirical Analysis of the Prominent Roles of Taxations in the Synchronicity on Boost of Maritime Industry in Singapore.
Sweder Wijnbergen,Van (1988). Fiscal Policy, Trade Intervention, and World Interest Rates: An Empirical Analysis.
David Wignall,Mark Wignall (2014). Seaborne Trade between South Asia and Southeast Asia.

Download References

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Duc VU, Kihwan LEE, Hoang VU. 2016. "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". Global Journal of Management and Business Research, Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 16 (GJMBR Volume 16 Issue B3).

More Citation Formats

Select Citation Style:

Download Citation

GJMBR Volume 16 Issue B3

Explore Journals Explore Volume Read This Issue

Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

Not Found

Classification

GJMBR-B Classification JEL Code: O10

Submission ReceivedDecember 8, 2015
Peer Review Double Blind
Handling Editor
Accepted January 3, 2016
Published January 15, 2016

Version of record

v1.2

Issue date

April 6, 2016

Language

English

Experiance in AR

Explore published articles in an immersive Augmented Reality environment. Our platform converts research papers into interactive 3D books, allowing readers to view and interact with content using AR and VR compatible devices.

View in VR

Read in 3D

Your published article is automatically converted into a realistic 3D book. Flip through pages and read research papers in a more engaging and interactive format.

View in 3D

Article Matrices

Total Score: 150

Country: Unknown

Subject: Global Journal of Management and Business Research

Authors: Duc Cong VU, Kihwan LEE, Hoang Long VU (PhD/Dr. count: 0)

View Count (all-time): 295

Total Views (Real + Logic): 1431

Total Downloads (simulated): 96

Publish Date: 2016 01, Fri

Monthly Totals (Real + Logic):

Month 1: 41 views
Month 2: 43 views
Month 3: 33 views
Month 4: 27 views
Month 5: 33 views
Month 6: 39 views
Month 7: 43 views
Month 8: 30 views
Month 9: 19 views
Month 10: 44 views
Month 11: 45 views
Month 12: 45 views
Month 13: 42 views
Month 14: 32 views
Month 15: 29 views
Month 16: 23 views
Month 17: 29 views
Month 18: 35 views
Month 19: 34 views
Month 20: 30 views
Month 21: 33 views
Month 22: 25 views
Month 23: 30 views
Month 24: 45 views
Month 25: 27 views
Month 26: 41 views
Month 27: 42 views
Month 28: 33 views
Month 29: 29 views
Month 30: 39 views
Month 31: 24 views
Month 32: 25 views
Month 33: 33 views
Month 34: 42 views
Month 35: 47 views
Month 36: 38 views
Month 37: 27 views
Month 38: 43 views
Month 39: 29 views
Month 40: 33 views
Month 41: 44 views
Month 42: 28 views
Month 43: 29 views
Month 44: 35 views
Month 45: 13 views
Month 46: 23 views
Month 47: 28 views
Month 48: 41 views
Month 49: 26 views
Month 50: 37 views
Month 51: 31 views
Month 52: 23 views
Month 53: 37 views
Month 54: 30 views
Month 55: 42 views
Month 56: 31 views
Month 57: 23 views
Month 58: 28 views
Month 59: 33 views
Month 60: 31 views
Month 61: 39 views
Month 62: 20 views
Month 63: 27 views
Month 64: 32 views
Month 65: 24 views
Month 66: 34 views
Month 67: 11 views
Month 68: 25 views
Month 69: 20 views
Month 70: 42 views
Month 71: 34 views
Month 72: 17 views
Month 73: 34 views
Month 74: 46 views
Month 75: 32 views
Month 76: 29 views
Month 77: 40 views
Month 78: 27 views
Month 79: 45 views
Month 80: 40 views
Month 81: 38 views
Month 82: 35 views
Month 83: 43 views
Month 84: 27 views
Month 85: 16 views
Month 86: 27 views
Month 87: 23 views
Month 88: 41 views
Month 89: 35 views
Month 90: 28 views
Month 91: 36 views
Month 92: 43 views
Month 93: 25 views
Month 94: 31 views
Month 95: 38 views
Month 96: 38 views
Month 97: 20 views
Month 98: 45 views
Month 99: 31 views
Month 100: 32 views
Month 101: 38 views
Month 102: 29 views
Month 103: 30 views
Month 104: 28 views
Month 105: 36 views
Month 106: 23 views
Month 107: 23 views
Month 108: 40 views
Month 109: 17 views
Month 110: 26 views
Month 111: 23 views
Month 112: 44 views
Month 113: 39 views
Month 114: 18 views
Month 115: 19 views
Month 116: 43 views
Month 117: 35 views
Month 118: 31 views
Month 119: 68 views
Month 120: 36 views
Month 121: 44 views
Month 122: 43 views
Month 123: 30 views
Month 124: 32 views
Month 125: 34 views
Month 126: 29 views
Month 127: 60 views
Month 128: 41 views

Total Views: 1.4K

Total Downloads: 96

All Trends