IDEAS home Printed from https://ideas.repec.org/a/mes/chinec/v39y2006i6p19-38.html
   My bibliography  Save this article

Economic Contribution to Hong Kong of the Aviation Sector: A Value-Added Approach

Author

Listed:
  • Michael Ka-Yiu Fung
  • Japhet Sebastian Law
  • Louise Wing-Kam Ng

Abstract

The emergence of air transport has greatly facilitated long-distance travel and the exchange of goods. The industry also contributes substantially to the economy. Our study measures the benefits that the aviation industry has brought to the Hong Kong economy using the value-added (VA) approach. We find that air transport itself and services that are incidental to the sector (direct benefits) contributed about 2.54 percent of gross domestic product (GDP) at factor cost (at current prices) in 2003, while trade services and the tourism industry (indirect benefits) contributed 4.48 percent. Hence, the total benefit brought by the aviation industry was 7.02 percent of GDP at factor cost (at current prices) in 2003. This demonstrates that the industry is a major component of the Hong Kong economy, and our findings should aid in understanding the effects of recent changes in aviation policies, which have altered the business environment of the aviation market.

Suggested Citation

  • Michael Ka-Yiu Fung & Japhet Sebastian Law & Louise Wing-Kam Ng, 2006. "Economic Contribution to Hong Kong of the Aviation Sector: A Value-Added Approach," Chinese Economy, Taylor & Francis Journals, vol. 39(6), pages 19-38, December.
    • Handle: RePEc:mes:chinec:v:39:y:2006:i:6:p:19-38
    as

    Download full text from publisher

    File URL: http://mesharpe.metapress.com/link.asp?target=contribution&id=T742257242636814
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yuxiu Chen & Jian Yu & Li Li & Linlin Li & Long Li & Jie Zhou & Sang-Bing Tsai & Quan Chen, 2018. "An Empirical Study of the Impact of the Air Transportation Industry Energy Conservation and Emission Reduction Projects on the Local Economy in China," IJERPH, MDPI, vol. 15(4), pages 1-20, April.
    2. Tsui, Wai Hong Kan & Fu, Xiaowen & Yin, Chuanzhong & Zhang, Huaxin, 2021. "Hong Kong's aviation and tourism growth - An empirical investigation," Journal of Air Transport Management, Elsevier, vol. 93(C).
    3. Tsui, Wai Hong Kan & Fung, Michael Ka Yiu, 2016. "Analysing passenger network changes: The case of Hong Kong," Journal of Air Transport Management, Elsevier, vol. 50(C), pages 1-11.
    4. Yuan, Xue-Ming & Low, Joyce M.W. & Ching Tang, Loon, 2010. "Roles of the airport and logistics services on the economic outcomes of an air cargo supply chain," International Journal of Production Economics, Elsevier, vol. 127(2), pages 215-225, October.
    5. Arora, Swapan Deep & Mathur, Sameer, 2020. "Effect of airline choice and temporality on flight delays," Journal of Air Transport Management, Elsevier, vol. 86(C).
    6. Zhao, Bing & Wu, Hao & Wang, Nuo, 2022. "Changing characteristics of the industrial correlation and economic contribution of air transport in China: An input–output analysis," Journal of Air Transport Management, Elsevier, vol. 104(C).
    7. Yuen, Andrew & Zhang, Anming & Hui, Yer Van & Leung, Lawrence C. & Fung, Michael, 2017. "Is developing air cargo airports in the hinterland the way of the future?," Journal of Air Transport Management, Elsevier, vol. 61(C), pages 15-25.
    8. Dube, Kaitano & Nhamo, Godwell & Chikodzi, David, 2021. "COVID-19 pandemic and prospects for recovery of the global aviation industry," Journal of Air Transport Management, Elsevier, vol. 92(C).
    9. Chuntao Wu & Maozhu Liao & Chengliang Liu, 2019. "Acquiring and Geo-Visualizing Aviation Carbon Footprint among Urban Agglomerations in China," Sustainability, MDPI, vol. 11(17), pages 1-16, August.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:chinec:v:39:y:2006:i:6:p:19-38. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MCES20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.