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Air transport demand and economic growth in Brazil: A time series analysis

Author

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  • Marazzo, Marcial
  • Scherre, Rafael
  • Fernandes, Elton

Abstract

We investigate the relationship between air transport demand (passenger-kilometer: PAX) and economic growth (GDP) between 1966 and 2006 in Brazil. Special attention is paid to stationary features and the existence of a long-run equilibrium between variables to work in a vector autoregressive environment. Our findings suggest that GDP and PAX are co-integrated. Impulse-response analysis indicates a strong positive reaction of PAX due to a positive change in GDP. However, GDP reacts to a change in PAX in a slower and moderated way. We interpret these findings as an empirical evidence of air transport multiplier effects in the economy.

Suggested Citation

  • Marazzo, Marcial & Scherre, Rafael & Fernandes, Elton, 2010. "Air transport demand and economic growth in Brazil: A time series analysis," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 46(2), pages 261-269, March.
  • Handle: RePEc:eee:transe:v:46:y:2010:i:2:p:261-269
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    Citations

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    Cited by:

    1. Isabelle Laplace & Chantal Latgé-Roucolle, 2016. "Deregulation of the ASEAN air Transport Market: Measure of Impacts of Airport Activities on Local Economies," Post-Print hal-01338251, HAL.
    2. Samir, Saidi & Shahbaz, Muhammad & Akhtar, Pervaiz, 2018. "The Long-Run Relationship between Transport Energy Consumption and Transport Infrastructure on Economic Growth in MENA Countries," MPRA Paper 85037, University Library of Munich, Germany, revised 06 Mar 2018.
    3. repec:eee:transa:v:101:y:2017:i:c:p:22-29 is not listed on IDEAS
    4. Bilal Mehmood & Zahid Irshad Younas & Amna Shahid, 2014. "Aviation Demand as Covariate of Economic Growth in Bangladesh: Cointegration Estimation and Causality Analysis," International Journal of Economics and Empirical Research (IJEER), The Economics and Social Development Organization (TESDO), vol. 2(8), pages 301-307, August.
    5. Bilal Mehmood & Amna Shahid & Saddam Ilyas, 2015. "Co-integration Analysis of Aviation Demand and Economic Growth in Philippines," International Journal of Economics and Empirical Research (IJEER), The Economics and Social Development Organization (TESDO), vol. 3(6), pages 271-277, June.
    6. Profillidis, V. & Botzoris, G., 2015. "Air passenger transport and economic activity," Journal of Air Transport Management, Elsevier, vol. 49(C), pages 23-27.
    7. Bilal Mehmood & Acleo Feliceo & Amna Shahid, 2014. "What Causes What? Aviation Demand And Economic Growth In Romania: Cointegration Estimation And Causality Analysis," Romanian Economic Business Review, Romanian-American University, vol. 9(1), pages 21-33, March.
    8. Murakami, Jin & Matsui, Yurika & Kato, Hironori, 2016. "Airport rail links and economic productivity: Evidence from 82 cities with the world’s 100 busiest airports," Transport Policy, Elsevier, vol. 52(C), pages 89-99.
    9. repec:eee:transa:v:100:y:2017:i:c:p:319-336 is not listed on IDEAS
    10. Chi, Junwook & Baek, Jungho, 2013. "Dynamic relationship between air transport demand and economic growth in the United States: A new look," Transport Policy, Elsevier, vol. 29(C), pages 257-260.
    11. Lo, Winnie Wai Ling & Wan, Yulai & Zhang, Anming, 2015. "Empirical estimation of price and income elasticities of air cargo demand: The case of Hong Kong," Transportation Research Part A: Policy and Practice, Elsevier, vol. 78(C), pages 309-324.
    12. Junwook, Chi & Jungho, Baek, 2013. "Dynamic Effects Of Economic Growth On U.s. Air Passenger And Freight Services," 54th Annual Transportation Research Forum, Annapolis, Maryland, March 21-23, 2013 206948, Transportation Research Forum.
    13. Koo, Tay T.R. & Tan, David T. & Duval, David Timothy, 2013. "Direct air transport and demand interaction: A vector error-correction model approach," Journal of Air Transport Management, Elsevier, vol. 28(C), pages 14-19.
    14. Wheat, Phill & Wardman, Mark, 2017. "Effects of timetable related service quality on rail demand," Transportation Research Part A: Policy and Practice, Elsevier, vol. 95(C), pages 96-108.
    15. Dantas, Tiago Mendes & Cyrino Oliveira, Fernando Luiz & Varela Repolho, Hugo Miguel, 2017. "Air transportation demand forecast through Bagging Holt Winters methods," Journal of Air Transport Management, Elsevier, vol. 59(C), pages 116-123.
    16. repec:rej:journl:v:20:y:2017:i:63:p:126-146 is not listed on IDEAS
    17. repec:eee:transa:v:111:y:2018:i:c:p:78-95 is not listed on IDEAS

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