Dynamic relationship between air transport demand and economic growth in the United States: A new look

This paper examines the short- and long-run effects of economic growth and market shocks (e.g., 9/11 terrorist attacks, Iraq war, SARS epidemic, and 2008 financial crisis) on air passenger and freight services using an autoregressive distributed lag (ARDL) approach to cointegration. Results show that, in the long-run, both air passenger and freight services tend to increase with economic growth. In the short-run, however, only air passenger service is responsive to economic growth. Finally, only the 9/11 terrorist attacks and the SARS have detrimental effects on air passenger demand both in the short- and long-run, and in the long-run, respectively. However, these market shocks are found to have little impact on air freight demand.

• Record URL:
  • https://doi.org/10.1016/j.tranpol.2013.03.005
• Record URL:
  • http://www.sciencedirect.com/science/article/pii/S0967070X13000516
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/29485010
• Supplemental Notes:
  • Abstract reprinted with permission from Elsevier.
• Authors:
  • Chi, Junwook
  • Baek, Jungho
• Publication Date: 2013-9

Language

• English

Media Info

• Media Type: Print
• Features: Figures; References; Tables;
• Pagination: pp 257-260
• Serial:
  • Transport Policy
  • Volume: 29
  • Issue Number: 0
  • Publisher: Elsevier
  • ISSN: 0967-070X
  • Serial URL: http://www.elsevier.com/locate/issn/096707X

Subject/Index Terms

• TRT Terms: Air transportation; Economic growth; Economic impacts; Freight traffic; Passenger traffic; Travel demand
• Geographic Terms: United States
• Subject Areas: Aviation; Economics; Freight Transportation; Passenger Transportation; Planning and Forecasting; I10: Economics and Administration;

Filing Info

• Accession Number: 01499524
• Record Type: Publication
• Files: TRIS
• Created Date: Nov 21 2013 9:21AM