Widening the Panama Canal and U.S. ports: historical and economic impact analyses

The economic history of the U.S. illustrates how the role of many cities has been changed by being seaports or located on navigable rivers or lakes. Based on the widening of the Panama Canal in 2016, the West Coast ports that include the west coast seaports of California, Oregon, and Washington were...

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Bibliographic Details
Published in:Maritime policy and management 2020-04, Vol.47 (3), p.419-433
Main Authors: Park, Changkeun, Richardson, Harry W., Park, Jiyoung
Format: Article
Language:English
Subjects:
Coping
Development strategies
Econometric models
Economic analysis
Economic history
Economic impact
economic impacts
Economic models
Economics
Harbours
Impact analysis
Interocean canals
Lakes
Logistics
Measurement
Navigable rivers
NIEMO
Panama Canal expansion
Policy making
Port authorities
Ports
Rivers
Supply-side economics
US port history
West Coast seaports
Widening
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Summary:The economic history of the U.S. illustrates how the role of many cities has been changed by being seaports or located on navigable rivers or lakes. Based on the widening of the Panama Canal in 2016, the West Coast ports that include the west coast seaports of California, Oregon, and Washington were expected to become less important, while the freight shares of the East Coast and Gulf ports would increase. By how much it has been not easy to measure or predict so far, but this study attempted to define some of the key parameters in the measurement. As well as several relevant background topics, both the demand- and supply-side versions of the National Interstate Economic Model, have been applied for the measurement of economic impacts. U.S. port authorities and policy makers at the local and national levels who respond and develop plans for coping with the new realities of the Panama Canal are able to understand the extent to which changes in shippers' and land-mode transporters' behaviors would undermine the logistics and the costs of their activities. Therefore, this study is important for a diverse spectrum of port development strategies in the U.S. to respond to the Canal expansion.
ISSN:0308-8839
1464-5254
DOI:10.1080/03088839.2020.1721583