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
F14 F23 F43 F63 L93
Mots-clés
  • Air transportation
  • Panel cointegration
  • Error correction model
  • GDP-elasticities
  • Development
Référence interne
  • G-MonD Working Paper n°46
Version
  • 1