Air traffic and economic growth: the case of developing countries

Abstract : This paper investigates the relationship between air traffic and economic growth in various developing regions and compares it with an “enduring industry fact” of an elasticity around 2 for the developed world. The analysis is conducted from two distinct databases, both with regional aggregates and with country-level ECM estimations. We conclude that there does not seem to be substantial differences in elasticities across the various regions and we show that the introduction of autonomous country-specific time trends leads to a substantial reduction of elasticity estimates.
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https://halshs.archives-ouvertes.fr/halshs-01305412
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Submitted on : Thursday, April 21, 2016 - 9:57:54 AM
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Long-term archiving on : Tuesday, November 15, 2016 - 7:58:29 AM

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François Bourguignon, Pierre-Emmanuel Darpeix. Air traffic and economic growth: the case of developing countries. 2016. ⟨halshs-01305412⟩

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