1. Ktisis Cyprus University of Technology
  2. Cyprus University of Technology (Research Output)
  3. Άρθρα/Articles
Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.14279/27029
DC FieldValueLanguage
dc.contributor.authorMichail, Nektarios A.-
dc.contributor.authorMelas, Konstantinos D.-
dc.contributor.authorCleanthous, Lena-
dc.date.accessioned2022-11-11T11:32:23Z-
dc.date.available2022-11-11T11:32:23Z-
dc.date.issued2022-12-
dc.identifier.citationInternational Economics, 2022, vol. 172, pp. 40-49en_US
dc.identifier.issn21107017-
dc.identifier.urihttps://hdl.handle.net/20.500.14279/27029-
dc.description.abstractConsumer inflation across the globe has rebounded during 2021 due to supply-side disruptions, one of which is the increase in freight costs. To elaborate on the relationship between inflation and shipping costs, we employ a Vector Error Correction Model (VECM) and use disaggregated monthly data from January 2009 to August 2021, using both constant tax and the standard price indices. Following a shock in freight rates, the most hard-hit sectors appear to be garments and major household appliances, items that have traditionally been manufactured outside the euro area. In addition, using a threshold regression methodology, we show that when freight rates rise more than $1300-$1500 per day, the sensitivity of inflation to freight changes increases.en_US
dc.formatpdfen_US
dc.language.isoenen_US
dc.relation.ispartofInternational Economicsen_US
dc.rights© CEPII (Centre d’Etudes Prospectives et d’Informations Internationales)en_US
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectInflationen_US
dc.subjectShippingen_US
dc.subjectFreight ratesen_US
dc.subjectSupply shocken_US
dc.titleThe relationship between shipping freight rates and inflation in the Euro Areaen_US
dc.typeArticleen_US
dc.collaborationCentral Bank of Cyprusen_US
dc.collaborationCyprus University of Technologyen_US
dc.collaborationUniversity of Western Macedoniaen_US
dc.collaborationMetropolitan Collegeen_US
dc.subject.categoryEconomics and Businessen_US
dc.journalsSubscriptionen_US
dc.countryCyprusen_US
dc.countryGreeceen_US
dc.subject.fieldSocial Sciencesen_US
dc.publicationPeer Revieweden_US
dc.identifier.doi10.1016/j.inteco.2022.08.004en_US
dc.identifier.scopus2-s2.0-85137380860-
dc.identifier.urlhttps://api.elsevier.com/content/abstract/scopus_id/85137380860-
dc.relation.volume172en_US
cut.common.academicyear2021-2022en_US
item.fulltextNo Fulltext-
item.cerifentitytypePublications-
item.grantfulltextnone-
item.openairecristypehttp://purl.org/coar/resource_type/c_6501-
item.openairetypearticle-
item.languageiso639-1en-
crisitem.author.deptDepartment of Finance, Accounting and Management Science-
crisitem.author.facultyFaculty of Management and Economics-
crisitem.author.orcid0000-0001-9003-3225-
crisitem.author.parentorgFaculty of Management and Economics-
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