Article
Port economics
The author of this book is the Frederick W. Beazley Professor of Economics and Executive Director of the Maritime Institute at Old Dominion University, USA. He is also the Deputy Editor-in-Chief of Asian Journal of Shipping and Logistics. Recently economic mechanism of port is one of themost interesting research themes in maritime economics. According to the author’s definition, port economics is the study of economic decisions (and consequences) of the users and providers of port services, and a port is an “engine” for economic development by providing employment, worker incomes, business earnings, and taxes for its region. The reviewer evaluates this book is the excellent microeconomic textbook of port behavior, which gives us not only the introduction to port economics but also its research method. The introductory chapter targets the foundation of port mechanism and analyses the vessel port call networks, the economic benefit of ports, the effect of containerization on ports, and the competition of container port.
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