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.
Highlights
Trade wars have been one of the most discussed issues both in the academic community and in politics recently
In this study it is assumed that trade wars between countries will affect the trade value of the country and the sea and air transportation sectors used in the realization of trade activities will be affected
In this study which examines the effects of trade wars between countries on maritime and air transport the literature will be discussed under the heading on the relationships between air and sea transportation and economic developments
Summary
Trade wars have been one of the most discussed issues both in the academic community and in politics recently. In this study it is assumed that trade wars between countries will affect the trade value of the country and the sea and air transportation sectors used in the realization of trade activities will be affected. This study examines the causality relationship between trade value and sea transport / air transportation for EU–G20 and US–G20 countries. The impact of the trade wars on sea transport and air transport is to be examined in the context of the G20 countries In this context it is aimed at determining the effect of trade wars on G20 countries. The last is to examine the relationship between two modes of transport (sea transport and air transport) and commercial activities This will enable the assessment of the impact of the trade wars on transport modes for the G20 countries.
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