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Air Transport and Economic Growth of the Regions: Cointegration and Analysis of Causation in Bulgaria

Author

Listed:
  • Stela Todorova

    (Agricultural University Plovdiv)

Abstract

Air services provide important economic and social benefits, but very little research has been done on the link between regional air transport and economic growth as measured by its gross domestic product(GDP). This study provides the first empirical evidence that there is a short-term and long-term causal link between regional aviation and economic growth. The author analyzed three airports in Bulgaria during the period 1995-2015.

Suggested Citation

  • Stela Todorova, 2018. "Air Transport and Economic Growth of the Regions: Cointegration and Analysis of Causation in Bulgaria," Regional Economy and Sustainable Development, Conference Proceedings 2017, Research Institute, University of Economics - Varna, issue 1, pages 215-224, March.
    • Handle: RePEc:vra:pr1803:y:2018:i:1:p:215-224
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    References listed on IDEAS

    as
    1. Granger, C. W. J., 1988. "Causality, cointegration, and control," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 551-559.
    2. Bruce A. Blonigen & Anca D. Cristea, 2012. "Airports and Urban Growth: Evidence from a Quasi-Natural Policy Experiment," NBER Working Papers 18278, National Bureau of Economic Research, Inc.
    3. Richard K. Green, 2007. "Airports and Economic Development," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 35(1), pages 91-112, March.
    4. Granger, C W J, 1969. "Investigating Causal Relations by Econometric Models and Cross-Spectral Methods," Econometrica, Econometric Society, vol. 37(3), pages 424-438, July.
    5. Zhang, Anming & Zhang, Yimin, 2001. "Airport charges, economic growth, and cost recovery," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 37(1), pages 25-33, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    air transport; economic growth; region; GDP; pax.;
    All these keywords.

    JEL classification:

    • A00 - General Economics and Teaching - - General - - - General

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