Article

The impact of the financial tsunami on Hong Kong port

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We apply intervention analysis to examine the impact of the financial tsunami on container throughputs for Hong Kong port quantitatively. Evidences from ARIMA-intervention model show that the real impact of the financial tsunami on Hong Kong port happened earlier than the observable fall in the throughput data, namely significant impact started around May 2008, while the forecasting model with considering financial tsunami from Sept. 2008 to Oct. 2009 is superior. VAR-intervention analysis is employed to compare the Hong Kong and Shenzhen ports. Our findings suggest that Shenzhen port is more sensitive to the financial tsunami than Hong Kong port, showing an earlier and deeper impact. Their relationship also changed after the financial tsunami, namely Hong Kong and Shenzhen ports become less dependent on each other. These findings remind us that, when considering the impact of the financial tsunami on port, one should not casually choose a starting time point based on the visual observation from the data because there is a time delay between the real impact on container throughput and its manifestation in the throughput data series.

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Ketersediaan

Informasi Detail

Judul Seri

The asian JOurnal of Shipping and logistic

No. Panggil

ATC PO KOU t

Penerbit

United Kingdom : Palgrave Macmillan., 2011

Deskripsi Fisik

20 pages

Bahasa

English

ISBN/ISSN

-

Klasifikasi

PO

Tipe Isi

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Tipe Media

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Tipe Pembawa

online resource

Edisi

Vol. 27

Subjek

Container throughput
Financial Tsunami
Hong Kong Port
Intervention Analysis

Info Detail Spesifik

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Pernyataan Tanggungjawab

KOU, Ying

Versi lain/terkait

Lampiran Berkas

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