Abstract

http://ssrn.com/abstract=2111338
 
 

References (38)



 


 



Economic Importance of the Belgian Ports: Flemish Maritime Ports, Liège Port Complex and the Port of Brussels – Report 2010


Claude Mathys


National Bank of Belgium

July 2012

National Bank of Belgium Working Paper No. 225

Abstract:     
This paper is an annual publication issued by the Microeconomic Analysis service of the National Bank of Belgium. The Flemish maritime ports (Antwerp, Ghent, Ostend, Zeebrugge), the Autonomous Port of Liège and the port of Brussels play a major role in their respective regional economies and in the Belgian economy, not only in terms of industrial activity but also as intermodal centers facilitating the commodity flow. This update paper provides an extensive overview of the economic importance and development of the Flemish maritime ports, the Liège port complex and the port of Brussels for the period 2005-2010, with an emphasis on 2010. Focusing on the three major variables of value added, employment and investment, the report also provides some information based on the social balance and an overview of the financial situation in these ports as a whole. These observations are linked to a more general context, along with a few cargo statistics. Annual accounts data from the Central Balance Sheet Office were used for the calculation of direct effects, the study of financial ratios and the analysis of the social balance sheet. The indirect effects of the activities concerned were estimated in terms of value added and employment, on the basis of data from the National Accounts Institute. After the decline seen in 2009, maritime cargo traffic in the Flemish ports reversed the trend and recorded a rise in 2010. Direct value added increased in each of the four ports in Flanders. Both maritime and non-maritime branches as a whole are up. The only decrease in value added occurred in the maritime branches in the port of Ostend and the non-maritime branches of the port of Zeebrugge. Of the six ports, the port of Brussels recorded the strongest growth rate for value added in the maritime cluster, and the port of Ostend recorded the strongest increase in the non-maritime cluster. Direct employment in the Flemish ports as a whole declined during the year 2010. This is true of both the maritime and non-maritime cluster. Except for Zeebrugge, investment decreased in all the Flemish ports. The decline in investment was around 17 percent in the ports of Antwerp, Ghent and Ostend, whereas Zeebrugge recorded a growth rate of more than four-fifths in its investment levels in 2010. The volume of cargo handled in the port of Liège increased in 2010. Direct value added rose slightly, whereas employment registered a significant decline. There were job losses in both maritime and nonmaritime branches. In the non-maritime cluster, investment diminished substantially because of a lack of projects. The volume of cargo handled at the port of Brussels rose in 2010. Both value added and employment increased in maritime branches. Value added in non-maritime branches remained steady but employment contracted. The downturn in investment recorded during 2009 continued throughout 2010. This report provides a comprehensive account of these issues, giving details for each economic sector, although the comments are confined to the main changes that occurred in 2010.

Number of Pages in PDF File: 97

Keywords: branch survey, maritime cluster, subcontracting, indirect effects, transport, intermodality, public investments

JEL Classification: C67, H57, J21, L22, L91, L92, R15, R34, R41

working papers series





Download This Paper

Date posted: July 18, 2012  

Suggested Citation

Mathys, Claude, Economic Importance of the Belgian Ports: Flemish Maritime Ports, Liège Port Complex and the Port of Brussels – Report 2010 (July 2012). National Bank of Belgium Working Paper No. 225. Available at SSRN: http://ssrn.com/abstract=2111338 or http://dx.doi.org/10.2139/ssrn.2111338

Contact Information

Claude Mathys (Contact Author)
National Bank of Belgium ( email )
Brussels, B-1000
Belgium
Feedback to SSRN


Paper statistics
Abstract Views: 306
Downloads: 35
References:  38

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo5 in 0.250 seconds