Air traffic and economic growth: the case of developing countries
Pré-publication, Document de travail: 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.
Auteur(s)
François Bourguignon, Pierre-Emmanuel Darpeix
Date de publication
- 2016
Mots-clés JEL
Mots-clés
- Air transportation
- Panel cointegration
- Error correction model
- GDP-elasticities
- Development
- F23
- F43
- F63
- L93
Référence interne
- PSE Working Papers n°2016-09
URL de la notice HAL
Version
- 1