Critique to pro-cyclical admission in maritime higher education.
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ACOMI, O. and ACOMI, N. 2016. Critique to pro-cyclical admission in maritime higher education. In the European proceedings of social and behavioural sciences [EpSBS]; 15th World lumen congress [WLC 2016], 12-17 April 2016, Lasi, Romania. London: Future academy [online], pages 16-20. Available from: https://doi.org/10.15405/ejpsbs.2016.09.3.
The paper represents a critical analysis of the options ahead of maritime universities in terms of number of students admitted, particularly in periods of industry downturns. The study refers to the global maritime industry and analyses the patterns of the industry cycle. These patterns are characterised in macroeconomic terms by peaks, troughs and secular long term trends. The current maritime industry faces chronic global trade imbalances in the context of slow global economic. The secular trend has flattened and the industry is clearly in the downturn. These patterns envisage both cyclical and structural unemployment components. This paper addresses the maritime universities' options associated with cyclical unemployment of maritime graduates. These options include pro-cyclical, counter- cyclical or level capacity approaches in the students' admission capacity planning, depicted by the duration of studies and the offset between admission and graduation. The analysis overlays the graduate studies and industry cycles and proposes to evaluate the different scenarios based on industry outlook and to determine the optimum admission policy solution.