Air traffic and economic growth: the case of developing countries
Pre-print, Working paper: 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.
Author(s)
François Bourguignon, Pierre-Emmanuel Darpeix
Date of publication
- 2016
Keywords JEL
Keywords
- Air transportation
- Panel cointegration
- Error correction model
- GDP-elasticities
- Development
Internal reference
- G-MonD Working Paper n°46
URL of the HAL notice
Version
- 1