Recent searches

No recent searches

Search options

Only available when logged in.
sigmoid.social is one of the many independent Mastodon servers you can use to participate in the fediverse.
A social space for people researching, working with, or just interested in AI!

Administered by:

Server stats:

599
active users

sigmoid.social: AboutProfiles directoryPrivacy policy

Mastodon: AboutGet the appKeyboard shortcutsView source codev4.4.2

#portinfrastructure

1 post1 participant0 posts today
ScienceOpen

'Port Infrastructural Investments and Maritime Industry Performance : Evidence From Nigeria' - a new article in the Ibadan Journal of #Sociology by Pluto Journals on #ScienceOpen:

🔗 scienceopen.com/hosted-documen

ScienceOpenPORT INFRASTRUCTURAL INVESTMENTS AND MARITIME INDUSTRY PERFORMANCE : EVIDENCE FROM NIGERIA<p xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" class="first" dir="auto" id="d1751951e100">This study investigates the relationship between port infrastructural investments and maritime industry performance in Nigeria. The study aims to evaluate the impact of port infrastructure investments on maritime industry performance and examine how vessel turn-around time influences this performance. The research employed Maritime sector gross domestic product contribution (MSRGDP) as the dependent variable while Infrastructure index (INFRIN) and Vessel turn-around time (VESTAT) served as the independent variables. The work used econometric techniques such as ordinary least square (OLS) regression analysis, and co-integration to study the relationship between the variables at 5% confidence level. The study using the modified model with an R-Square value of 0.7224, indicating the model’s goodness of fit, found that investments in port infrastructure (INFRIN) (with coefficient = 0.3067; p-value = 0.0363) and reductions in vessel turn-around time (VESTAT) (with coefficient = -0.1642; p-value = 0.0137) are positively associated with maritime sector GDP (MSRGDP). The results suggest that in the short term, port infrastructure investments showed an immediate impact on MSRGDP, while co-integration analysis revealed sustained benefits (p-value = 0.0001 & 0.0245 for trace and maximum eigenvalue respectively) over several years. Also, reduction in vessel turn-around time revealed an immediate impact on MSRGDP in the short term and the co-integration analysis depicts endured benefits (p-value = 0.0001 & 0.0475 for trace and maximum eigenvalue) over longer years. The study recommends that the government should prioritise modernising port facilities, streamlining cargo handling processes/procedures, and implementing advanced logistics systems to optimise turn-around time. </p>
#Research#PortInfrastructure#MaritimeIndustry
TrendingLive feeds
About