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Determinants of air travel demand in Middle Income Countries

Valdes, V.

Journal of air transport management. VOL 42, ; 2015, 75-84 -- Elsevier Science B.V., Amsterdam. Part; (pages 75-84) -- 2015

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  • Title:
    Determinants of air travel demand in Middle Income Countries
  • Author: Valdes, V.
  • Found In: Journal of air transport management. VOL 42, ; 2015, 75-84
  • Journal Title: Journal of air transport management.
  • Subjects: LCC: HE9781; Dewey: 658
  • Publication Details: Elsevier Science B.V., Amsterdam.
  • Language: English
  • Abstract: The aim of this paper is to calculate the effects of air travel demand determinants in Middle Income Countries (MICs). Through static and dynamic panel data models from 32 countries during the period from 2002 to 2008, we found that the income elasticity is the most important determinant and that it is slightly higher than one. Income growth multiplied by income elasticity accounts for 75 percent of total passenger growth. Public policies such as an open skies agreements with the European Union have a positive effect on passenger growth, whereas structural changes, such as Low Cost Carrier (LCC) growth, have a marginal effect.
  • Identifier: Journal ISSN: 0969-6997
  • Publication Date: 2015
  • Physical Description: Physical
  • Accrual Information: Monthly
  • Shelfmark(s): 4926.550000
  • UIN: ETOCRN365489050

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