Melting ice Caps and the Economic Impact of Opening the Northern Sea Route
Bibliographic Data
| ID | 9712573 |
|---|---|
| Authors | Eddy Bekkers (0000-0002-3311-4659, University of Bern), Joseph Francois (0000-0002-4686-7780, University of Bern), Joseph F Francois (University of Bern and CEPR), Hugo Rojas‐Romagosa (0000-0003-3711-7993, CPB Netherlands Bureau for Economic Policy Analysis) |
| Year | 2018 |
| Volume | 128 |
| Issue | 610 |
| Pages | 1095-1127 |
| Publication date | 2018-05-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/ecoj.12460 |
| OpenAlex | W2270554616 |
| Language | EN |
| Citations received | 19 |
| References cited | 57 |
A consequence of melting Arctic ice caps is the commercial viability of the Northern Sea Route, connecting North-East Asia with North-Western Europe. This will represent a sizeable reduction in shipping distances and a decrease in the average transportation days by around one-third compared to the currently used Southern Sea Route. We examine the economic impact of the opening of the Northern Sea Route. This includes a remarkable shift of bilateral trade flows between Asia and Europe, diversion of trade within Europe, heavy shipping traffic in the Arctic, and a substantial drop in traffic through Suez. These global trade changes are reflected in real income effects for the countries involved and moderate labour displacement for specific industries. The estimated redirection of trade has also major geopolitical implications: the reorganisation of global supply chains within Europe and between Europe and Asia, and the highlighted political interest and environmental pressure on the Arctic
Arctic · Arctic ice pack · Business · Geography · Habitat · Ice caps · International trade · Meteorology · Physical geography · Sea ice · The arctic · Threatened species · Arctic and Russian Policy Studies · Ecology · Environmental Science · Geology · Indigenous Studies and Ecology · Oceanography · Polar Research and Ecology
Melting ice, growing trade
Çin'in Deniz Taşımacılık Koridorları Çerçevesinde Arktik ve Akdeniz Geçitlerinin Konumları Hakkında Bir Karşılaştırma
The impact of climate change on international trade
How widespread is the usage of the Northern Sea Route as a commercially viable shipping route? A statistical analysis of ship transits from 2011 to 2018 based on empirical data
Short and long-term solutions for mitigating black carbon emissions in Arctic shipping
The opening of the Transpolar Sea Route
International governance of Arctic shipping black carbon emissions
Increased maritime traffic in the Arctic
China and the Islamic World
Arctic Sea Routes
Exploring the Role of Energy Consumption and Labour Productivity in Understanding the Effects of Climate Change on International Trade
Unwelcome exchange
Re-defining Sustainability
Solar geoengineering and carbon removal significantly lower economic climate damages
Social cost of carbon under a carbon-neutral pathway
Cross‐border dimensions of Arctic climate change impacts and implications for Europe
Melting Arctic sea ice
A framework for assessing the economic impacts of Arctic change
Análisis de la militarización del Océano Ártico en base a su importancia en la sociedad internacional del Siglo XXI
Networks, Crowds, and Markets
Further simulation evidence on the performance of the Poisson pseudo-maximum likelihood estimator
Technology, Geography, and Trade
The design of international trade agreements
Estimates of the Trade and Welfare Effects of Nafta
Time as a Trade Barrier
The Arctic’s rapidly shrinking sea ice cover
Notes on Cepii’s Distances Measures
Structural gravity and fixed effects
Infrastructure, Geographical Disadvantage, Transport Costs, and Trade
China’s Demographic History and Future Challenges
An Overview of the GTAP 9 Data Base
The World Trade Network
Forecasting The Path of U.S. CO 2 Emissions Using State-Level Information
The Log of Gravity
World Carbon Dioxide Emissions
Sources of multi-decadal variability in Arctic sea ice extent
Arctic sea ice
Polar super seaways? Maritime transport in the Arctic
The potential economic viability of using the Northern Sea Route (NSR) as an alternative route between Asia and Europe
Port efficiency, maritime transport costs, and bilateral trade
The Northern Sea Route versus the Suez Canal
Transportation Costs and International Trade in the Second Era of Globalization
Intensification of geo-cultural homophily in global trade
| Unique citing works | 19 |
|---|---|
| Citations per year | 1,9 |
| Citation span | 2016 - 2026 (11) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 18 |