International Trade and Maritime Transport in North America: An Analysis of Productivity and Foreign Direct Investment
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...
| Main Authors: | , , , |
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| Format: | Online |
| Language: | eng |
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Unidad Editorial UPTC
2022
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| Subjects: | |
| Online Access: | https://revistas.uptc.edu.co/index.php/inquietud_empresarial/article/view/14234 |
| _version_ | 1801706711283662848 |
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| author | Cortés-Medina , María Guadalupe Espitia Moreno , Irma Cristina García Orozco, Dalia de la Torre-Torres , Oscar V. |
| author_facet | Cortés-Medina , María Guadalupe Espitia Moreno , Irma Cristina García Orozco, Dalia de la Torre-Torres , Oscar V. |
| author_sort | Cortés-Medina , María Guadalupe |
| collection | OJS |
| description | 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. |
| format | Online |
| id | oai:oai.revistas.uptc.edu.co:article-14234 |
| institution | Revista Inquietud Empresarial |
| language | eng |
| publishDate | 2022 |
| publisher | Unidad Editorial UPTC |
| record_format | ojs |
| spelling | oai:oai.revistas.uptc.edu.co:article-142342024-03-27T03:27:24Z International Trade and Maritime Transport in North America: An Analysis of Productivity and Foreign Direct Investment Comercio internacional y transporte marítimo en América del Norte: un análisis de productividad e inversión extranjera directa Cortés-Medina , María Guadalupe Espitia Moreno , Irma Cristina García Orozco, Dalia de la Torre-Torres , Oscar V. international trade North America NAFTA maritime transport econometrics comercio internacional América del Norte TLCAN transporte marítimo econometría 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. La actividad logística portuaria es un elemento vital en el comercio exterior. En un entorno globalizado que exige mayor competitividad, los acuerdos comerciales y las sinergias entre bloques comerciales a través del transporte marítimo permiten el desarrollo comercial entre economías. En esta investigación se analiza la relación entre el comercio internacional a través de puertos marítimos y la inversión en los países que integran el Tratado de Libre Comercio de América del Norte (TLCAN) durante el período de 1997 a 2017. Se utiliza un modelo econométrico de datos de panel para medir la relación entre las variables, y se realizan pruebas de raíz unitaria, pruebas de cointegración (pruebas de Kao y Fisher-Johansen) y pruebas de causalidad heterogénea (prueba de Hurlin y Dumitrescu). Los resultados muestran una relación positiva entre comercio y productividad, así como una relación positiva entre comercio e inversión extranjera directa; por lo tanto, un aumento en la inversión provoca un incremento en el comercio internacional entre México, Estados Unidos y Canadá. Códigos JEL: F40 Recibido: 18/04/2022. Aceptado: 26/07/2022. Publicado: 01/12/2022. Unidad Editorial UPTC 2022-12-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf text/xml https://revistas.uptc.edu.co/index.php/inquietud_empresarial/article/view/14234 10.19053/01211048.14234 Inquietud Empresarial; Vol. 22 No. 2 (2022): Inquietud Empresarial 22(2) July-December 2022; 85-96 Inquietud Empresarial; Vol. 22 Núm. 2 (2022): Inquietud Empresarial 22(2) Julio-Diciembre 2022; 85-96 0121-1048 eng https://revistas.uptc.edu.co/index.php/inquietud_empresarial/article/view/14234/12393 https://revistas.uptc.edu.co/index.php/inquietud_empresarial/article/view/14234/13034 Derechos de autor 2022 María Guadalupe Cortés-Medina , Irma Cristina Espitia Moreno , Dalia García Orozco, Oscar V. de la Torre-Torres https://creativecommons.org/licenses/by-nc-nd/4.0/ |
| spellingShingle | international trade North America NAFTA maritime transport econometrics comercio internacional América del Norte TLCAN transporte marítimo econometría Cortés-Medina , María Guadalupe Espitia Moreno , Irma Cristina García Orozco, Dalia de la Torre-Torres , Oscar V. International Trade and Maritime Transport in North America: An Analysis of Productivity and Foreign Direct Investment |
| title | International Trade and Maritime Transport in North America: An Analysis of Productivity and Foreign Direct Investment |
| title_alt | Comercio internacional y transporte marítimo en América del Norte: un análisis de productividad e inversión extranjera directa |
| title_full | International Trade and Maritime Transport in North America: An Analysis of Productivity and Foreign Direct Investment |
| title_fullStr | International Trade and Maritime Transport in North America: An Analysis of Productivity and Foreign Direct Investment |
| title_full_unstemmed | International Trade and Maritime Transport in North America: An Analysis of Productivity and Foreign Direct Investment |
| title_short | International Trade and Maritime Transport in North America: An Analysis of Productivity and Foreign Direct Investment |
| title_sort | international trade and maritime transport in north america an analysis of productivity and foreign direct investment |
| topic | international trade North America NAFTA maritime transport econometrics comercio internacional América del Norte TLCAN transporte marítimo econometría |
| topic_facet | international trade North America NAFTA maritime transport econometrics comercio internacional América del Norte TLCAN transporte marítimo econometría |
| url | https://revistas.uptc.edu.co/index.php/inquietud_empresarial/article/view/14234 |
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