Persistence on airline accidents
This 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.
|Date of creation:||01 Nov 2009|
|Publication status:||Forthcoming in Disasters|
|Contact details of provider:|| Web page: http://www.unav.edu/web/facultad-de-ciencias-economicas-y-empresariales|
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- Hualde, J. & Robinson, P.M., 2010. "Semiparametric inference in multivariate fractionally cointegrated systems," Journal of Econometrics, Elsevier, vol. 157(2), pages 492-511, August.
- Haoming Liu & Jinli Zeng, 2007. "Airline passenger fatality and the demand for air travel," Applied Economics, Taylor & Francis Journals, vol. 39(14), pages 1773-1781. Full references (including those not matched with items on IDEAS)
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