International Journal of Economics & Management Sciences

In this paper we proceed with an econometric analysis revealing the importance of specific spatial and economic characteristics for a commercially progressing urbanization process, especially in the shores of the Black Sea. Our estimation concludes on the factors that used to be significant for the development of Black Sea Ports. Linking this to the present situation in the area enables us to proceed with political hypotheses for a prosperous, collaborative future in a region that becomes more and more significant with respect to environmental, political and socio-economic aspects.