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Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/32035
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dc.contributor.authorDrobetz, Wolfgangen_UK
dc.contributor.authorGavriilidis, Konstantinosen_UK
dc.contributor.authorKrokida, Styliani-Irisen_UK
dc.contributor.authorTsouknidis, Dimitrisen_UK
dc.date.accessioned2020-12-02T01:25:36Z-
dc.date.available2020-12-02T01:25:36Z-
dc.date.issued2021en_UK
dc.identifier.urihttp://hdl.handle.net/1893/32035-
dc.description.abstractWe examine the effects of geopolitical risk (GPR) and economic policy uncertainty (EPU) on shipping freight rates using a Bayesian VAR model. A positive shock to global GPR has an immediate positive, but gradually diminishing, effect on dry bulk shipping freight rates. This effect is driven by global rather than country-specific GPR shocks. Positive shocks to EPU indices for the U.S., Brazil, and China trigger a negative response of dry bulk shipping freight rates that builds gradually over several months. Historical cumulative effects of both GPR and EPU shocks on freight rates can be large and of different signs during different subperiods. Our results are important for both shipowners and charterers when fixing chartering strategies and prioritizing investments in newbuilding or secondhand vessels.en_UK
dc.language.isoenen_UK
dc.publisherRoutledgeen_UK
dc.relationDrobetz W, Gavriilidis K, Krokida S & Tsouknidis D (2021) The effects of geopolitical risk and economic policy uncertainty on dry bulk shipping freight rates. Applied Economics, 53 (19), pp. 2218-2229. https://doi.org/10.1080/00036846.2020.1857329en_UK
dc.rightsThis item has been embargoed for a period. During the embargo please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study. This is an Accepted Manuscript version of the following article, accepted for publication in Applied Economics. Drobetz W, Gavriilidis K, Krokida S & Tsouknidis D (2020) The effects of geopolitical risk and economic policy uncertainty on dry bulk shipping freight rates. Applied Economics. https://doi.org/10.1080/00036846.2020.1857329. It is deposited under the terms of the Creative Commons Attribution-NonCommercial License (http://creativecommons.org/licenses/by-nc/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited.en_UK
dc.rights.urihttp://creativecommons.org/licenses/by-nc/4.0/en_UK
dc.subjectGeopolitical risken_UK
dc.subjecteconomic policy uncertaintyen_UK
dc.subjectshipping freight ratesen_UK
dc.subjectBayesian VAR JEL classification: C1, D80, R40en_UK
dc.titleThe effects of geopolitical risk and economic policy uncertainty on dry bulk shipping freight ratesen_UK
dc.typeJournal Articleen_UK
dc.rights.embargodate2022-06-18en_UK
dc.rights.embargoreason[DGKT R1 09-10-2020.pdf] Publisher requires embargo of 18 months after formal publication.en_UK
dc.identifier.doi10.1080/00036846.2020.1857329en_UK
dc.citation.jtitleApplied Economicsen_UK
dc.citation.issn1466-4283en_UK
dc.citation.issn0003-6846en_UK
dc.citation.volume53en_UK
dc.citation.issue19en_UK
dc.citation.spage2218en_UK
dc.citation.epage2229en_UK
dc.citation.publicationstatusPublisheden_UK
dc.citation.peerreviewedRefereeden_UK
dc.type.statusAM - Accepted Manuscripten_UK
dc.author.emailkonstantinos.gavriilidis@stir.ac.uken_UK
dc.citation.date17/12/2020en_UK
dc.contributor.affiliationUniversity of Hamburgen_UK
dc.contributor.affiliationAccounting & Financeen_UK
dc.contributor.affiliationAthens University of Economics And Businessen_UK
dc.contributor.affiliationUniversity of Piraeusen_UK
dc.identifier.isiWOS:000599384800001en_UK
dc.identifier.scopusid2-s2.0-85097622288en_UK
dc.identifier.wtid1679039en_UK
dc.contributor.orcid0000-0001-9935-5431en_UK
dc.date.accepted2020-11-07en_UK
dcterms.dateAccepted2020-11-07en_UK
dc.date.filedepositdate2020-12-01en_UK
rioxxterms.apcnot requireden_UK
rioxxterms.typeJournal Article/Reviewen_UK
rioxxterms.versionAMen_UK
local.rioxx.authorDrobetz, Wolfgang|en_UK
local.rioxx.authorGavriilidis, Konstantinos|0000-0001-9935-5431en_UK
local.rioxx.authorKrokida, Styliani-Iris|en_UK
local.rioxx.authorTsouknidis, Dimitris|en_UK
local.rioxx.projectInternal Project|University of Stirling|https://isni.org/isni/0000000122484331en_UK
local.rioxx.freetoreaddate2022-06-18en_UK
local.rioxx.licencehttp://www.rioxx.net/licenses/under-embargo-all-rights-reserved||2022-06-17en_UK
local.rioxx.licencehttp://creativecommons.org/licenses/by-nc/4.0/|2022-06-18|en_UK
local.rioxx.filenameDGKT R1 09-10-2020.pdfen_UK
local.rioxx.filecount1en_UK
local.rioxx.source1466-4283en_UK
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