Abstract
The hub-and-spoke systems are frequently connected with maritime, air and road transport. The international container traffic in maritime transport is developed under this model. For a port to achieve a “Hub Status” in maritime container transport, its traffic should exceed 1,000,000 tons per year and be provided with the necessary equipment to use simultaneously three post-panamax cranes for a new-generation vessel. Huge container vessels dock only at Hub ports and international shipping companies transfer their containers from these ports to their round the world and feeder 1 lines.
It is known that feeder vessels are used for the transport of containers from or to minor ports which are not served by the huge vessels pertaining to the round the world lines, and make only intermediate stops at the large transoceanic stations. Since feeder vessels operate mainly in small ports with less gauge, these usually have a lower capacity, between 500 and 700 tons, although some may reach 1,500 tons. In contrast with the huge container vessels and, in view of the limited provision of mobile facilities in the small ports where they operate, the vessels are indeed provided with their own loading and unloading means; they usually have two cranes located in the middle-line or on the port side of the vessel.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Amisano, G. and Giannini, C: Topics in Structural VAR Econometrics. Springer 1997
Blanchad, O. J. and Quah, D. T.: The Dinamics Effects of Aggregate of Demand and Supply Disturbances. The American Economic Review 79(4), 655–673 (1989)
Breitung, J.: A convenient representation for structural vector autoregressions. Empirical Economics 26, 447–459 (2001)
Cochrane, J. H.: What do the VARs Mean? Measuring the Output Effects of Monetary Policy. Journal of Monetary Economics 41(2), 277–300 (1998)
Eviews 4 User’s Guide. U. S. A.: Quantitative Micro Software 2002
DeSerres, A. and Guay, A.: Estimating and Projecting Potential Output Using Structural Var Methodology. Working Paper 95-2. Bank of Canada 1995
Dwyer, M.: Impulse Response Priors for Discriminating Structural Vector Autoregresions. Working Paper. UCLA 1999
Faust, J.: The Robustness of Identified VAR Conclusions About Money. Carnegie-Rochester Conference on Public Policy 49, 207–244 (1998)
Faust, J., and Leeper, E. M.: When Do Long-Run Identifying Restrictions Give Reliable Results?. Journal of Business and Economic Statistics 15(3), 345–353 (1997)
Gottshalk, J.: An Introduction into the SVAR Methodology: Identification, Interpretation and Limitations of SVAR models. Kiel Working Paper 1072. Germany 2001
Hamilton, J. D.: Time Series Analysis. Princeton University Press 1994
Jang, K.: Impulse Response Analysis with Long Run Restrictions on Error Models. Working Paper 01–04. Ohio University 2001
Phillips, P. C. B. and Perron, P.: Testing for a Unit Root in Time Series Regression. Biometrika 75, 335–346(1988)
Rudebusch, G. D.: Do Measures of Policy in a VAR Make Sense?. International Economic Review 39(4), 907–931 (1998)
Sims, C. A.: Comment on Glen Rudebusch’s Do Measures of Monetary Policy in a VAR Make Sense?. International Economic Review 39(4), 933–941 (1998)
Urzua, C. M. (1997). Omnibus Tests for Multivariate Normality Based on a Class of Maximum Entropy Distributions. In: Advances in Econometrics Volume 12, 341-358. JAI Press 1997
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2004 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
Castillo-Manzano, J.I., Coto-Millán, P., López-Valpuesta, L. (2004). An Approach to the Hub-and-Spoke Systems from SVARs Models. A Practical Application to Container Traffic between the Port of Bahía de Algeciras and Other Ports of the Spanish Port System (Bahía de Cádiz and Las Palmas). In: Coto-Millán, P. (eds) Essays on Microeconomics and Industrial Organisation. Contributions to Economics. Physica, Heidelberg. https://doi.org/10.1007/978-3-7908-2670-8_5
Download citation
DOI: https://doi.org/10.1007/978-3-7908-2670-8_5
Publisher Name: Physica, Heidelberg
Print ISBN: 978-3-7908-0104-0
Online ISBN: 978-3-7908-2670-8
eBook Packages: Springer Book Archive