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Importance économique du Port Autonome de Liège: rapport 2003

Author

Listed:
  • Frédéric Lagneaux

    (National Bank of Belgium, Microeconomic Information Department)

Abstract
The Port Autonome de Liège, with its 26 kilometres of berths and several multimodal platforms, plays an important role in the Walloon and Belgian economy. This update paper gives an extensive overview of the economic importance and the latest developments of the Port Autonome de Liège, through revised results for the period 1997 - 2003. Focusing on the three major variables of value added, employment and investment, it also provides some information about the financial situation of a few vital sectors. An indication concerning the financial health of the companies studied is also provided, using the National Bank's bankruptcy prediction model. In addition, it includes figures of several cargo traffics and draws a picture of social developments in the Port Autonome de Liège. 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 these port activities are estimated in terms of value added (VA) and employment, on the basis of data from the National Accounts Institute. In the Liège harbour's network, direct VA came to 1 billion euro and total VA - the sum of direct and indirect VA - to 2 billion euro in 2003. In the same year direct and total employment respectively attained 12,400 and 28,500 fulltime equivalents, while investment directly linked with the port fell to 121 million euro. The position of the Port Autonome de Liège as the second largest inland port in Europe is threatened by the planned closure of the Cockerill Sambre's blast furnaces. This will take place gradually but will be completed by 2009. 2,700 direct and 4,500 indirect jobs are concerned, as well as 8 million tonnes of transhipment. However new spaces will be opened up, which means that new businesses will be created in the port area. New development sites are under construction and will soon be operative. An overall restructuring of the Liège harbour's network is under way and constitutes the main challenge for the Port Autonome de Liège's authorities in the next five years. In spite of this climate of uncertainty, the Port Autonome de Liège is striving to establish itself as a major logistic centre in the region, able to add value to the goods passing through it, in order to withstand the climate of increasing regional and international competition.

Suggested Citation

  • Frédéric Lagneaux, 2005. "Importance économique du Port Autonome de Liège: rapport 2003," Working Paper Document 75, National Bank of Belgium.
    • Handle: RePEc:nbb:docwpp:200510-75
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    File URL: https://www.nbb.be/doc/ts/publications/wp/wp75en.pdf
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    Cited by:

    1. Frédéric Lagneaux & David Vivet, 2009. "The Belgian Iron and Steel Industry in the International Context," Working Paper Document 160, National Bank of Belgium.

    More about this item

    Keywords

    branch survey; maritime cluster; subcontracting; indirect effects; transport intermodality; public investments.;
    All these keywords.

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • H57 - Public Economics - - National Government Expenditures and Related Policies - - - Procurement
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L91 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Transportation: General
    • L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
    • R34 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Input Demand Analysis
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise

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