Author : Mr.Serkan Arslanalp
Publisher : International Monetary Fund
ISBN 13 : 1513521128
Total Pages : 34 pages
Book Rating : 4.5/5 (135 download)
Book Synopsis Big Data on Vessel Traffic: Nowcasting Trade Flows in Real Time by : Mr.Serkan Arslanalp
Download or read book Big Data on Vessel Traffic: Nowcasting Trade Flows in Real Time written by Mr.Serkan Arslanalp and published by International Monetary Fund. This book was released on 2019-12-13 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Vessel traffic data based on the Automatic Identification System (AIS) is a big data source for nowcasting trade activity in real time. Using Malta as a benchmark, we develop indicators of trade and maritime activity based on AIS-based port calls. We test the quality of these indicators by comparing them with official statistics on trade and maritime statistics. If the challenges associated with port call data are overcome through appropriate filtering techniques, we show that these emerging “big data” on vessel traffic could allow statistical agencies to complement existing data sources on trade and introduce new statistics that are more timely (real time), offering an innovative way to measure trade activity. That, in turn, could facilitate faster detection of turning points in economic activity. The approach could be extended to create a real-time worldwide indicator of global trade activity.