The dynamics between freight volatility and fleet size growth in dry bulk shipping markets

► We examine the determinants of freight volatility in dry bulk shipping markets. ► We adopt a two-step model specification: a GARCH model and a GMM regression. ► Fleet size growth has a positive impact on freight volatility. ► Freight rate volatility is time varying. This paper studies the relation...

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Veröffentlicht in:	Transportation research. Part E, Logistics and transportation review Logistics and transportation review, 2011-11, Vol.47 (6), p.983-991
Hauptverfasser:	Xu, Jane Jing, Yip, Tsz Leung, Marlow, Peter B.
Format:	Artikel
Sprache:	eng
Schlagworte:	Fleet size Freight Freight markets Freight volatility GARCH Motor vehicle fleets Shipping industry Stochastic models Studies Transportation problem (Operations research) Volatility
Online-Zugang:	Volltext
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