TY  - JOUR
T1  - Volatility Spillover from Global Container Freight Indices to Port Throughputs in Turkey
TT  - Küresel Konteyner Navlun Endekslerinden Türkiye’deki Limanların Çıktısına Oynaklık Yayılımı
AU  - Açık, Abdullah
PY  - 2019
DA  - March
DO  - 10.20979/ueyd.519545
JF  - Uluslararası Ekonomi ve Yenilik Dergisi
JO  - UEYD
PB  - Seyfettin ARTAN
WT  - DergiPark
SN  - 2149-6838
SP  - 101
EP  - 113
VL  - 5
IS  - 1
LA  - en
AB  - The purpose of thisstudy is to determine the relationship between the container freight rates andthe volume of container handled at Turkish ports. To do this, causality invariance analysis is used which enables to determine the volatility spilloverfrom global container freight indices, which are Shanghai Containerized FreightIndex (SCFI) and China Containerized Freight Index (CCFI), to container volumehandled in Turkish ports. The data set used in the study consists of 93observations on a monthly basis covering the dates between November 2010 andJuly 2018. According to the results obtained, a significant volatilityspillover has been only detected from the CCFI variable to the containervolume. In addition, it has been found that the container volume in Turkishports has reacted negatively to a positive shock in China container freightindex. It is hoped that these results will help the port operators in thepolicy development stages by providing a leading indicator.
KW  - Turkish ports
KW  - Container freight indices
KW  - Transport costs
KW  - Causality in variance
N2  - Bu çalışmanın amacı konteyner navlun endeksleriyleTürk limanlarında elleçlenen konteyner hacmi arasındaki ilişkiyi tespitetmektir. Küresel konteyner navlun endekslerinden olan Şangay KonteynırlaşmışNavlun Endeksi (SCFI) ve Çin Konteynırlaşmış Navlun Endeksi (CCFI)değişkenlerinden Türk limanlarında elleçlenen konteyner hacmine olan oynaklıkyayılımını tespit etmeyi sağlayan varyansta nedensellik analizi kullanılmıştır.Çalışmada kullanılan veri seti Kasım 2010 ve Temmuz 2018 tarihleri arasınıkapsayan aylık bazda 93 gözlemden oluşmaktadır. Elde edilen sonuçlara göresadece CCFI endeksinden konteyner hacmine anlamlı bir oynaklık yayılımı tespitedilmiştir. Ayrıca, Türk limanlarındaki konteyner hacminin Çin navlunendeksindeki pozitif şoklara negatif tepki verdiği belirlenmiştir. Busonuçların liman işletmecilerine bir öncü gösterge sağlayarak politikageliştirme süreçlerinde yardımcı olacağı umulmaktadır.
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UR  - https://doi.org/10.20979/ueyd.519545
L1  - https://dergipark.org.tr/tr/download/article-file/675062
ER  -