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Liberalism in Foreign Trade versus Liberalism in Air Transportation - Is there a Link?

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  • Martin Grancay
  • Nora Szikorova

Abstract

The aim of this paper is to determine whether there is a statistically significant link between regulation of international civil aviation and protectionism against foreign trade. We use weighted air liberalization index (WALI) as a proxy for the level of regulation in a country’s foreign aviation relations; trade tariff restrictiveness index (TTRI) and overall trade restrictiveness index (OTRI) as proxies for the level of protectionism in a country’s foreign trade. Correlation analysis shows that there is no statistically significant link between the indicators. Hence, our research confirms the view that air transportation is a specific sector and it is subject to a different kind of policies than trade in goods. We also demonstrate that large high-income countries tend to have a more liberal approach to international civil aviation than small low-income countries. Key words: Liberalism, Protectionism, Foreign trade, Air transportation.JEL: F13, L93.

Suggested Citation

  • Martin Grancay & Nora Szikorova, 2014. "Liberalism in Foreign Trade versus Liberalism in Air Transportation - Is there a Link?," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 61(6), pages 709-721.
    • Handle: RePEc:voj:journl:v:61:y:2014:i:6:p:709-721:id:491
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    More about this item

    Keywords

    Liberalism; Protectionism; Foreign trade; Air transportation;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • L93 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Air Transportation

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