Persistence on airline accidents
AbstractThis paper analyses airline accidents data from 1927-2006. The fractional integration methodology is adopted. It is shown that airline accidents are persistent and (fractionally) cointegrated with airline traffic. Thus, there exists an equilibrium relation between air accidents and airline traffic, with the effect of the shocks to that relationship disappearing in the long run. Policy implications are derived for countering accidents events.
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Bibliographic InfoPaper provided by School of Economics and Business Administration, University of Navarra in its series Faculty Working Papers with number 08/09.
Length: 27 pages
Date of creation: 01 Nov 2009
Date of revision:
Publication status: Forthcoming in Disasters
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Web page: http://www.unav.es/facultad/econom
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