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-01332085
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Submitted on : Wednesday, June 15, 2016 - 11:09:10 AM
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  • HAL Id : halshs-01332085, version 1

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François Bourguignon, Pierre-Emmanuel Darpeix. Air traffic and economic growth: the case of developing countries . 2016. ⟨halshs-01332085⟩

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