Dynamic relationship between air transport demand and economic growth in the United States: A new look
Identifieur interne : 003E15 ( Ncbi/Merge ); précédent : 003E14; suivant : 003E16Dynamic relationship between air transport demand and economic growth in the United States: A new look
Auteurs : Junwook Chi [États-Unis] ; Jungho Baek [États-Unis]Source :
- Transport Policy [ 0967-070X ] ; 2013.
Abstract
This paper examines the short- and long-run effects of economic growth and market shocks (e.g., 9/11 terrorist attacks, Iraq war, SARS epidemic, and 2008 financial crisis) on air passenger and freight services using an autoregressive distributed lag (ARDL) approach to cointegration. Results show that, in the long-run, both air passenger and freight services tend to increase with economic growth. In the short-run, however, only air passenger service is responsive to economic growth. Finally, only the 9/11 terrorist attacks and the SARS have detrimental effects on air passenger demand both in the short- and long-run, and in the long-run, respectively. However, these market shocks are found to have little impact on air freight demand.
Url:
DOI: 10.1016/j.tranpol.2013.03.005
PubMed: NONE
PubMed Central: 7127131
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Results show that, in the long-run, both air passenger and freight services tend to increase with economic growth. In the short-run, however, only air passenger service is responsive to economic growth. Finally, only the 9/11 terrorist attacks and the SARS have detrimental effects on air passenger demand both in the short- and long-run, and in the long-run, respectively. However, these market shocks are found to have little impact on air freight demand.</p></div></front><back><div1 type="bibliography"><listBibl><biblStruct><analytic><author><name sortKey="Ba Fail, A O" uniqKey="Ba Fail A">A.O. Ba-Fail</name></author><author><name sortKey="Abed, S Y" uniqKey="Abed S">S.Y. Abed</name></author><author><name sortKey="Jasimuddin, S M" uniqKey="Jasimuddin S">S.M. Jasimuddin</name></author></analytic></biblStruct><biblStruct><analytic><author><name sortKey="Blunk, S S" uniqKey="Blunk S">S.S. Blunk</name></author><author><name sortKey="Clark, D E" uniqKey="Clark D">D.E. Clark</name></author><author><name sortKey="Mcgibany, J M" uniqKey="Mcgibany J">J.M. McGibany</name></author></analytic></biblStruct><biblStruct><analytic><author><name sortKey="Chang, Y H" uniqKey="Chang Y">Y.H. Chang</name></author><author><name sortKey="Chang, Y W" uniqKey="Chang Y">Y.W. Chang</name></author></analytic></biblStruct><biblStruct></biblStruct><biblStruct><analytic><author><name sortKey="Elliot, G" uniqKey="Elliot G">G. Elliot</name></author><author><name sortKey="Rothenberg, T" uniqKey="Rothenberg T">T. Rothenberg</name></author><author><name sortKey="Stock, J" uniqKey="Stock J">J. Stock</name></author></analytic></biblStruct><biblStruct><analytic><author><name sortKey="Engle, R F" uniqKey="Engle R">R.F. Engle</name></author><author><name sortKey="Granger, C W J" uniqKey="Granger C">C.W.J. Granger</name></author></analytic></biblStruct><biblStruct></biblStruct><biblStruct><analytic><author><name sortKey="Ito, H" uniqKey="Ito H">H. Ito</name></author><author><name sortKey="Lee, D" uniqKey="Lee D">D. Lee</name></author></analytic></biblStruct><biblStruct><analytic><author><name sortKey="Johansen, S" uniqKey="Johansen S">S. Johansen</name></author></analytic></biblStruct><biblStruct></biblStruct><biblStruct><analytic><author><name sortKey="Lai, S L" uniqKey="Lai S">S.L. Lai</name></author><author><name sortKey="Lu, W L" uniqKey="Lu W">W.L. Lu</name></author></analytic></biblStruct><biblStruct><analytic><author><name sortKey="Liew, C K" uniqKey="Liew C">C.K. Liew</name></author><author><name sortKey="Liew, C J" uniqKey="Liew C">C.J. Liew</name></author></analytic></biblStruct><biblStruct><analytic><author><name sortKey="Marazzo, M" uniqKey="Marazzo M">M. Marazzo</name></author><author><name sortKey="Scherre, R" uniqKey="Scherre R">R. Scherre</name></author><author><name sortKey="Fernandes, E" uniqKey="Fernandes E">E. Fernandes</name></author></analytic></biblStruct><biblStruct><analytic><author><name sortKey="Panapoulou, E" uniqKey="Panapoulou E">E. Panapoulou</name></author><author><name sortKey="Pittis, N" uniqKey="Pittis N">N. Pittis</name></author></analytic></biblStruct><biblStruct></biblStruct><biblStruct><analytic><author><name sortKey="Pesaran, M H" uniqKey="Pesaran M">M.H. Pesaran</name></author><author><name sortKey="Shin, Y" uniqKey="Shin Y">Y. Shin</name></author><author><name sortKey="Smith, R J" uniqKey="Smith R">R.J. Smith</name></author></analytic></biblStruct><biblStruct></biblStruct><biblStruct></biblStruct><biblStruct></biblStruct><biblStruct></biblStruct></listBibl></div1></back></TEI><pmc article-type="brief-report"><pmc-dir>properties open_access</pmc-dir>
<front><journal-meta><journal-id journal-id-type="nlm-ta">Transp Policy (Oxf)</journal-id><journal-id journal-id-type="iso-abbrev">Transp Policy (Oxf)</journal-id><journal-title-group><journal-title>Transport Policy</journal-title></journal-title-group><issn pub-type="ppub">0967-070X</issn><issn pub-type="epub">1879-310X</issn><publisher><publisher-name>Elsevier</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="pmc">7127131</article-id><article-id pub-id-type="publisher-id">S0967-070X(13)00051-6</article-id><article-id pub-id-type="doi">10.1016/j.tranpol.2013.03.005</article-id><article-categories><subj-group subj-group-type="heading"><subject>Article</subject></subj-group></article-categories><title-group><article-title>Dynamic relationship between air transport demand and economic growth in the United States: A new look</article-title></title-group><contrib-group><contrib contrib-type="author" id="au0005"><name><surname>Chi</surname><given-names>Junwook</given-names></name><email>jwchi@hawaii.edu</email><xref rid="aff0005" ref-type="aff">a</xref><xref rid="cor1" ref-type="corresp">⁎</xref><xref rid="fn1" ref-type="fn">1</xref></contrib><contrib contrib-type="author" id="au0010"><name><surname>Baek</surname><given-names>Jungho</given-names></name><xref rid="aff0010" ref-type="aff">b</xref><xref rid="fn1" ref-type="fn">1</xref></contrib></contrib-group><aff id="aff0005"><label>a</label>School of Travel Industry Management, University of Hawaii at Manoa, 2560 Campus Road, George Hall 346, Honolulu, HI 96822, USA</aff><aff id="aff0010"><label>b</label>Department of Economics, School of Management, University of Alaska Fairbanks, Fairbanks, AK 99775, USA</aff><author-notes><corresp id="cor1"><label>⁎</label>Corresponding author. Tel.: +1 808 956 2229; fax: +1 808 956 5378. <email>jwchi@hawaii.edu</email></corresp><fn id="fn1"><label>1</label><p id="ntp0010">These authors contributed equally to the work and share first authorship.</p></fn></author-notes><pub-date pub-type="pmc-release"><day>12</day><month>5</month><year>2013</year></pub-date><pmc-comment> PMC Release delay is 0 months and 0 days and was based on .</pmc-comment>
<pub-date pub-type="ppub"><month>9</month><year>2013</year></pub-date><pub-date pub-type="epub"><day>12</day><month>5</month><year>2013</year></pub-date><volume>29</volume><fpage>257</fpage><lpage>260</lpage><permissions><license><license-p>Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.</license-p></license></permissions><abstract id="ab0005"><p>This paper examines the short- and long-run effects of economic growth and market shocks (e.g., 9/11 terrorist attacks, Iraq war, SARS epidemic, and 2008 financial crisis) on air passenger and freight services using an autoregressive distributed lag (ARDL) approach to cointegration. Results show that, in the long-run, both air passenger and freight services tend to increase with economic growth. In the short-run, however, only air passenger service is responsive to economic growth. Finally, only the 9/11 terrorist attacks and the SARS have detrimental effects on air passenger demand both in the short- and long-run, and in the long-run, respectively. However, these market shocks are found to have little impact on air freight demand.</p></abstract><abstract abstract-type="author-highlights" id="ab0010"><title>Highlights</title><p><list list-type="simple" id="li0005"><list-item id="u0005"><label>•</label><p id="p0005">We examine the dynamic impacts of economic growth on US airline industry.</p></list-item><list-item id="u0010"><label>•</label><p id="p0010">In the long-run, air passenger and freight services increase with economic growth.</p></list-item><list-item id="u0015"><label>•</label><p id="p0015">Only air passenger service is responsive to economic growth in the short-run.</p></list-item><list-item id="u0020"><label>•</label><p id="p0020">The 9/11 terrorist attacks have short- and long-run effects on passenger demand.</p></list-item></list></p></abstract><kwd-group id="keys0005"><title>Keywords</title><kwd>Autoregressive distributed lag (ARDL) approach</kwd><kwd>Economic growth</kwd><kwd>Error correction model</kwd><kwd>US air travel and freight demand</kwd></kwd-group></article-meta></front></pmc><affiliations><list><country><li>États-Unis</li></country><region><li>Alaska</li><li>Hawaï</li></region></list><tree><country name="États-Unis"><region name="Hawaï"><name sortKey="Chi, Junwook" sort="Chi, Junwook" uniqKey="Chi J" first="Junwook" last="Chi">Junwook Chi</name></region><name sortKey="Baek, Jungho" sort="Baek, Jungho" uniqKey="Baek J" first="Jungho" last="Baek">Jungho Baek</name></country></tree></affiliations></record>Pour manipuler ce document sous Unix (Dilib)
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