The econometric analysis of the factors affecting the revenue of Bangkok Port
Abstract
The dissertation attempts to study the econometric analysis of the factors affecting the revenue of Bangkok Port. The quantitative method of the Linear Regression Model is used to analyse the influential internal and external factors affecting the revenue of Bangkok Port and illustrates the positive and negative relationships between variables and the revenue of Bangkok Port as well as the priority of variables. Monthly dataset from 2010 to 2017 is used for the analysis. A forecasting techniques is also used to anticipate the revenue of Bangkok Port. Further, this will also recommend viable solutions to increase the revenue and prioritise development projects. Market uncertainties make it difficult for decision making which leads to the decline in Bangkok Port’s revenue. This study identifies the significant factors affecting the revenue generation of Bangkok Port. This helps in efficient budget and recourse allocation for the port to maximise the revenue for the port. The revenue forecasting for public ports is arduous, time-consuming and confidential. Hence there exist limited academic literature identifying significant variables for the public port revenue and thereby the profit. Additionally, there is no study for Thailand and South East Asian ports. Therefore, this dissertation will be the first study which will act as a benchmark to analyse the important factors on which the revenue public port for Thailand port. Furthermore, this contributes to the literature on the Revenue Forecasting of Port, the important of Port as well as Thailand economy and Bangkok Port situation in the maritime international trade. The study illustrates that the Container Import, Exchange rate, and the value of Land and property trading are positive significantly performs with the revenue of Bangkok Port. Especially, Exchange rate is the highest contributed to the revenue of the port following by the Container Import and the value of Land and property trading respectively. While the number of TEUs in Bangkok Port’s warehouse is observed to have a negative relationship to the revenue of the port.