Empirical analysis of the relationship between trade wars and sea—air transportation

  • 1 Iskenderun Technical University, Faculty of Aeronautics and Astronautics, Department of Aviation Management, Central Campus, 31200, Iskenderun, Hatay, Turkey
  • 2 Iskenderun Technical University, Barbaros Hayrettin Faculty of Naval Architecture and Maritime, Maritime Transportation Management Engineering, Central Campus, 31200, Iskenderun, Hatay, Turkey

Abstract

The aim of this paper is to empirically analyse the relationship between the trade wars and modes of transport for selected countries. For this purpose the causality relationship between trade value and sea transport / air transportation for EU–G20 and US–G20 countries was examined. Panel causality analysis was used as a method in the study. The empirical findings of the study show the existence of a causality relationship between the trade value and modes of transport (sea transport and air transport) for country groups. This shows that the countries’ sea and air transport will be adversely affected by trade wars.

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