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Title: The shipping account in the balance of payments : the case of Greece
Author: Haralambides, Hercules E.
ISNI:       0000 0001 3531 1851
Awarding Body: University of Wales Institute of Science and Technology (UWIST)
Current Institution: Cardiff University
Date of Award: 1985
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The thesis of the present study is the construction of an econometric model that will be able to connect the activities of the Greek shipping industry with Greece's transport account in the balance of payments and through there with the national economy by and large. The shipping industry is, thus, modelled on the basis of its level of activity, labour force and investment programme. The functioning of the industry is subsequently linked with the transport account figures and through them with such macroeconomic variables as inflation, exchange rate parities, external merchandise trade and wage rates. In this way, the model is also suitable for explaining Greece's transport account. Within this framework, two main hypotheses are tested: first that transport account credits are independent of short-term fluctuations in the level of shipping activity, as this can be described by freight rates or laid-up percentages, and second, contrary to what is normally the case with other goods and services traded internationally, devaluations of the national currency have an unfavourable effect on Greece's income from shipping.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available
Keywords: Economics & economic theory