Determinants of air travel demand in Middle Income Countries
نویسنده
چکیده
The aim of this paper is to calculate the effects of air travel demand determinants in Middle Income Countries (MICs). Through static and dynamic panel data models from 32 countries during the period from 2002 to 2008, we found that the income elasticity is the most important determinant and that it is slightly higher than one. Income growth multiplied by income elasticity accounts for 75 percent of total passenger growth. Public policies such as an open skies agreements with the European Union have a positive effect on passenger growth, whereas structural changes, such as Low Cost Carrier (LCC) growth, have a marginal effect. © 2014 Elsevier Ltd. All rights reserved.
منابع مشابه
Initiatives in Medical Volunteerism Aimed at Reducing the Burden of Orthopedic Disease in Low- and Middle-Income Countries
While infectious disease garners much attention and research funding globally, initiatives aimed at treating traumatic orthopedic injuries are underfunded despite such injuries accounting for a significant degree of morbidity worldwide. In recent years, a number of organizations have sought to alleviate this burden through treatment and educational initiatives in low- and middle-income countrie...
متن کاملARMAX Modelling of International Tourism Demand
One of the basic goals of tourism demand modelling is to estimate income and/or price elasticities, which can then be used in developing better informed public and private policies. The focus of econometric studies is to determine the extent to which the data support a particular theory. In reviews of empirical studies on international tourism demand and its determinants, Lim (1999, 2006) argue...
متن کاملDetermination of Effective Travel Variables on Air Transport Demand with Using Structural Equation
Air transport system has always been involved in all aspects of life because of its high potential in transporting passengers and goods. In this research we surveys the effects of travel variables on demand of domestic air transport, and for gathering required information from passengers, a questionnaire was designed including 20 effective parameters on air transport demand with questions These...
متن کاملThe Determinants of Tourist Arrivals in Africa: a Panel Data Regression Analysis
Africa’s tourism potential is acknowledged to be significant but underdeveloped. This paper uses both cross-section data as well as panel data for the period 1996 to 2000 to identify the determinants of tourism arrivals in 43 African countries, taking into account the country of origin of tourists. The results strongly suggest that political stability, tourism infrastructure, marketing and info...
متن کاملElectricity Demand in MENA Countries: A Panel Cointegration Analysis
Abstract In this study, we applied recently developed panel unit root and cointegration techniques to examine the long-run real income per capita and price elasticities for demand of electricity in selected Middle East and North African (MENA) countries using an annual data series from 1990 to 2011.Our main finding from the panel analysis is that the demand for electricity is highly price ela...
متن کامل