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Scientific paper - Original scientific paper
Correlation Between Freight Transport Industry and Economic Growth – Panel Analysis of CEE Countries
Promet - Traffic&Transportation, 33 (2021), 4; 517-526. https://doi.org/10.7307/ptt.v33i4.3688
Vilke, Siniša; Mance, Davor; Debelić, Borna; Maslarić, Marinko

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Vilke, S., Mance, D., Debelić, B. & Maslarić, M. (2021). Correlation Between Freight Transport Industry and Economic Growth – Panel Analysis of CEE Countries. Promet - Traffic&Transportation, 33. (4), 517-526. doi: 10.7307/ptt.v33i4.3688

Vilke, Siniša, et al. "Correlation Between Freight Transport Industry and Economic Growth – Panel Analysis of CEE Countries." Promet - Traffic&Transportation, vol. 33, no. 4, 2021, pp. 517-526. https://doi.org/10.7307/ptt.v33i4.3688

Vilke, Siniša, Davor Mance, Borna Debelić and Marinko Maslarić. "Correlation Between Freight Transport Industry and Economic Growth – Panel Analysis of CEE Countries." Promet - Traffic&Transportation 33, no. 4 (2021): 517-526. https://doi.org/10.7307/ptt.v33i4.3688

Vilke, S., et al. (2021) 'Correlation Between Freight Transport Industry and Economic Growth – Panel Analysis of CEE Countries', Promet - Traffic&Transportation, 33(4), pp. 517-526. doi: 10.7307/ptt.v33i4.3688

Vilke S, Mance D, Debelić B, Maslarić M. Correlation Between Freight Transport Industry and Economic Growth – Panel Analysis of CEE Countries. Promet - Traffic&Transportation [Internet]. 2021 [cited 2024 May 11];33(4):517-526. doi: 10.7307/ptt.v33i4.3688

S. Vilke, D. Mance, B. Debelić and M. Maslarić, "Correlation Between Freight Transport Industry and Economic Growth – Panel Analysis of CEE Countries", Promet - Traffic&Transportation, vol. 33, no. 4, pp. 517-526, 2021. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:192:912173. [Accessed: 11 May 2024]

Metadata
Title (english)Correlation Between Freight Transport Industry and Economic Growth – Panel Analysis of CEE Countries
AuthorSiniša Vilke
AuthorDavor Mance
AuthorBorna Debelić
AuthorMarinko Maslarić
Author's institutionUniversity of Rijeka
Faculty of Economics and Business
Author's institutionUniversity of Rijeka
Faculty of Maritime Studies, Rijeka
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Scientific / art field,
discipline and subdiscipline		TECHNICAL SCIENCES
Traffic and Transport Technology
Abstract (english)
The paper tests for statistical association between employment and value added of freight transport industry and its component activities against overall economy in a ten-year panel ranging from 2008 to 2017 of the thirteen newest European Union member countries. In this paper, the nature of correlation between economic growth as the independent variable and freight transport industry as a dependent variable is examined. To achieve stationarity, and to lose autocorrelation and the idiosyncratic effects, the variables are first differenced. The results of the “Granger causality” tests show the null hypothesis of no-causation may be rejected for most conjectures with high F-Statistics as well as high statistical significance. The results of the Panel EGLS cross-section fixed effects do not reject the results gained by the Granger test, and the same may be said for the Panel Generalised Method of Moments First Differences test. The result of the Arellano-Bond test shows no serial correlation in the residuals. It has been concluded that changes in overall economy (value added and employment) have a significant and measurably strong impact on freight transportation and warehousing sector. This conclusion is useful in assessing future impacts on freight transport industry, especially as a consequence of contingent events.
Keywords (english)
Languageenglish
Publication typeScientific paper - Original scientific paper
Publication statusPublished
Peer reviewPeer review - international
Publication versionPublished version
Journal titlePromet - Traffic&Transportation
Numberingvol. 33, no. 4, pp. 517-526
p-ISSN0353-5320
e-ISSN1848-4069
DOIhttps://doi.org/10.7307/ptt.v33i4.3688
URN:NBNurn:nbn:hr:192:912173
Publication2021
Document URLhttps://hrcak.srce.hr/270907
Type of resourceText
Access conditionsOpen access
Terms of useLicence In copyright icon
Created on2022-04-20 11:26:13