The Influencing Factors of Cross-Taiwan-Straits Direct Shipping

• Published in: Journal of coastal research Vol. 109; no. sp1; pp. 105 - 109
• Main Authors: Pan, Ziwei, Huang, Weilun
• Format: Journal Article
• Language: English
• Published: Fort Lauderdale Coastal Education and Research Foundation 01.09.2020; Allen Press Publishing; Allen Press Inc
• Subjects: Cargo; Cargo ships; Coastal inlets; Coastal research; Coastal zone; Coasts; Cooperation; Correlation analysis; COVID-19; Economic analysis; Economic development; Economic growth; Economics; Empirical equations; financial risks; GDP; Gross Domestic Product; Growth rate; Heterogeneity; Hypotheses; industrial cooperation; Passengers; Policies; Ports; Shipping; Shipping trade; Socioeconomic aspects; Statistical analysis; Statistical methods; Sustainable development; Tariffs; Trends; China; Taiwan
• ISSN: 0749-0208; 1551-5036
• DOI: 10.2112/JCR-SI109-017.1

Pan, Z. and Huang, W., 2020. The influencing factors of Cross-Taiwan-Straits direct shipping. In: Wan, Z. (ed.), Coordinated Sustainable Development in Coastal Areas: Environment and Economy. Journal of Coastal Research, Special Issue No. 109, pp. 105–109. Coconut Creek (Florida), ISSN 0749-0208. This paper aims to study the long-term relationships among Cross-Taiwan-Straits direct shipping passengers and cargo and their socio-economic performances. According to the methods of descriptive statistics, correlation analysis, regression equation, and hypothesis verification. The empirical results are: Cross-Taiwan-Straits direct shipping passenger and cargo have increased significantly from 2004 to 2019; The significant influencing factors of Cross-Taiwan-Straits direct shipping are the nominal GDP of China and Taiwan and the economic growth rate of China; Cross-Taiwan-Straits direct shipping should be with regional heterogeneity. The suggestions of this paper are: The stable Cross-Taiwan-Straits political environment should be an essential issue on Cross-Taiwan-Straits direct shipping policies; Cross-Taiwan-Straits direct shipping is an important economic issue of China and Taiwan; Cross-Taiwan-Straits direct shipping should be important in the efficiency improvement policies which could solve the economic problems of COVID-19, trade disputes between China and the United States, population aging, and financial risks; Cross-Taiwan-Straits direct shipping should consider CTS' industrial cooperation.