The Economic Impacts of Port Activity in Antwerp: A Disaggregated Analysis

Abstract

The importance of ports is usually measured by indicators such as added value, employment and investment on a much aggregated level. This paper tries to define the importance of the port of Antwerp for the regional and national economy on a disaggregated level. It attempts to identify, quantify and locate the mutual relationships between the different players in the port and between these players and other industries. Finally, it proposes a method to calculate the effects of changes in port activity at a detailed level. A sector analysis is done by means of a reduced regional input-output table, through a bottom-up approach. The most important customers and suppliers of the port's key players or stakeholders are identified. A geographical analysis is feasible by using data on a disaggregated level. Each customer or supplier can be located by means of their postcode. In this way, the extent of the economic impact of the port of Antwerp is quantified.