The nexus between air transport and economic growth geographically: An evidence based on heterogeneous panel data models
This study examines the nexus between air transport and economic growth on continents by considering the heterogeneity in panel data with the data of 91 countries for the period 2002–2021. According to the result of the Pedroni's cointegration test, economic growth affects air transport in the long-run. These results are also supported by the results of the error correction model. In the short-run, economic growth is found to affect air transport in a few countries in Europe, while in the long-run, this effect is found to be valid for all countries. On the other hand, Dumitrescu and Hurlin panel Granger causality test shows that air transport causes economic growth in the short-run in at least one panel. This causality is found to be statistically significant in 9 Asian countries, 6 European countries, 4 American countries, 2 Oceanian countries, and 2 African countries in the sample.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/oclc/31005945
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Supplemental Notes:
- © 2023 Elsevier Ltd. All rights reserved. Abstract reprinted with permission of Elsevier.
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Authors:
- Kaya, Gizem
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0000-0002-6870-7219
- Aydın, Umut
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0000-0003-4802-8793
- Publication Date: 2024-3
Language
- English
Media Info
- Media Type: Web
- Features: References;
- Pagination: 102528
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Serial:
- Journal of Air Transport Management
- Volume: 115
- Issue Number: 0
- Publisher: Elsevier
- ISSN: 0969-6997
- Serial URL: http://www.sciencedirect.com/science/journal/09696997
Subject/Index Terms
- TRT Terms: Air transportation; Continents; Economic growth; Economic impacts
- Subject Areas: Aviation; Economics; Finance;
Filing Info
- Accession Number: 01905065
- Record Type: Publication
- Files: TRIS
- Created Date: Jan 19 2024 8:54AM