Logistics, energy, and inflation in trade-dependent economies: A political economy of shock transmission across maritime supply chains

Basit Öğe Kaydı
dc.authorid0000-0002-2684-184X
dc.contributor.authorTarkun, Savas
dc.date.accessioned2026-02-08T15:15:28Z
dc.date.available2026-02-08T15:15:28Z
dc.date.issued2025
dc.departmentBursa Teknik Üniversitesi
dc.description.abstractThis study examines how external price shocks originating in global energy markets (Brent and Dubai oil) and maritime freight systems (BDTI and BCTI) are transmitted to consumer price indices (CPI) in four economies of the Global South: China, India, South Korea, and Saudi Arabia. Using a time-frequency connectedness framework, the analysis captures the evolving intensity and directionality of inflationary spillovers across short, medium, and long-term horizons. The findings reveal that freight indices not only mediate energy shocks but increasingly act as independent inflationary forces-suggesting the emergence of logistics infrastructures as systemic amplifiers of global price volatility. The analysis shows that energy-importing economies such as China and South Korea are persistently exposed to externally induced price instability, particularly in economies with high energy-import dependence such as China and South Korea, though the categorization does not imply a uniform geopolitical or developmental status. These results challenge domestic-centered views of inflation and underscore the need for a structural understanding of global price formation that accounts for trade dependence, transport asymmetries, and geopolitical exposure.
dc.identifier.doi10.1016/j.retrec.2025.101642
dc.identifier.issn0739-8859
dc.identifier.issn1875-7979
dc.identifier.scopus2-s2.0-105017565734
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1016/j.retrec.2025.101642
dc.identifier.urihttps://hdl.handle.net/20.500.12885/5781
dc.identifier.volume113
dc.identifier.wosWOS:001578554400001
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherElsevier Sci Ltd
dc.relation.ispartofResearch in Transportation Economics
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzWOS_KA_20260207
dc.subjectEnergy prices
dc.subjectFreight costs
dc.subjectConsumer price index
dc.subjectConnectedness
dc.subjectGlobal politicial economy
dc.subjectShock transmission
dc.titleLogistics, energy, and inflation in trade-dependent economies: A political economy of shock transmission across maritime supply chains
dc.typeArticle

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