Abstract
Aim and purposesThis study conducts an across-the-board comparative analysis of the impact of the main measures used by the 10 leading maritime nations of the EU on the relative competitiveness of the fleets that they control, covering the period from 1996 to 2011. We propose two models to compare the relative effectiveness of the maritime policy measures implemented: one for the full set of countries and measures and the other specifically for each maritime nation.FindingsThe estimation results make us conclude that generally the measures adopted in national-level maritime policies (tonnage tax, second register and other measures) seem to have been effective in that they have had a positive effect on the competitiveness of controlled fleets, but with uneven impact on the fleets of each country.
Highlights
In the European Union (EU), maritime transport, despite taking a relatively small proportion of gross domestic product (1%), represents more than 640,000 direct jobs and 40% of global gross tonnage ([4], p. 6)
5 Formulation & estimation of models We propose two models to compare the relative effectiveness of the maritime policy measures implemented: one for the full set of countries and measures and the other for each maritime nation
In spite of the Community guidelines on state aid to maritime transport, the degree to which the schemes set up are used seems to mean that some European registries are more competitive than others
Summary
In the European Union (EU), maritime transport, despite taking a relatively small proportion of gross domestic product (1%), represents more than 640,000 direct jobs and 40% of global gross tonnage ([4], p. 6).
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