Acciaro, Michele and Enrico Musso

Measuring the Economic Impact of Decision Making in Maritime Studies

International Journal of Transport Economics, 42 (2): 152-147, (2015).

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Abstract: This article serves as an introduction to this special issue that presents papers from the International Association of Maritime Economists (IAME) Annual Conference, held in Norfolk, Virginia, USA from July 15-18, 2014. The authors of this introduction stress that the analysis of economic impacts has become one of the main building blocks of economic theory, primarily by designing and revising measures used for the assessment of economic welfare. They go on to discuss this in some detail, covering a history of the contributions of maritime transport on societies; methods that can be used to investigate the economic, environmental, and social impacts of activities such as infrastructure expansion; cost-benefit analyses; the evaluation of modal shift and traffic flows; the balance of economic interests against larger environmental and societal factors; microeconomics; and the assessment of carbon emissions in shipping. They conclude that maritime and more general transportation studies offer many opportunities to conduct research that is not only economically sound and beneficial but that also may benefit society as a whole.

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