International trade flow analysis using the gravity model - The Nigerian conondrum
Date
2014
Journal Title
Journal ISSN
Volume Title
Publisher
MNK Publications
Abstract
he work surveyed several international trade flow models applied to transportation and spatial interaction analysis. The connectivity between international trade flow, port development and hinterland acquisition were analyzed based on evolving market demands.The relevance of the gravity model both to the international trade and port hinterland analysis were identified. Methods for the estimation of trade flows using natural logarithms applied to the gravity model were developed. Furthermore, the work assessed the rising influence of both hub and dry ports in the world of international trade. While the later is situated in the hinterland, the former is situated at few major world ports. The relevance of the gravity model in determining the location of these port types was emphasized. The strategic roles of rising hub ports to world trade were also discussed. Relevant data were picked from the Nigerian Import and Export environment.
Description
The article has table
Keywords
Gravity model, International trade flow, Port location, Nigeria, spatial analysis, Department of Maritime Management Technologyy
Citation
Onyemachi, C., Igboanusi, C. C. & Ezenwa, A. E. (2014). International trade flow analysis using the gravity model - The Nigerian conondrum. International Journal of Latest Research in Science and Technology, 3(4),181 - 185.