The causality analysis of air transport and socio-economics factors: the case of OECD countries

Name: The causality analysis of air transport and socio-economics factors: the case of OECD countries
Author: Küçükönal, Hatice, Sedefoğlu, Gülşah

İsim	The causality analysis of air transport and socio-economics factors: the case of OECD countries
Yazar	Küçükönal, Hatice, Sedefoğlu, Gülşah
Basım Tarihi:	2017
Basım Yeri	- Elsevier
Konu	Air transport, Challenges, Panel causality
Tür	Belge
Dil	İngilizce
Dijital	Evet
Yazma	Hayır
Kütüphane:	Özyeğin Üniversitesi
Demirbaş Numarası	2352-1465
Kayıt Numarası	c781e438-152f-4335-9b96-3b691a7061f4
Lokasyon	Professional Flight Program, Aviation Management
Tarih	2017
Örnek Metin	Air transport is one of the most important industries in the world with its rapid growth, and direct and indirect contribution to world economy. In other words, GDP, tourism and employment are the key factors causing that growth in air transport and an increase in those factors boost the demand for air transport. However, uncertainty in economy, rising unemployment and increased terrorist attacks towards tourism would be a big threat to the growth of air transport in the future. To understand the importance of the mentioned factors, we first aim to apply an econometric approach which is panel Granger causality analysis. To achieve that, data from World Bank data set for OECD countries between the year of 2000 and 2013 is used in this study. We apply Pesaran CDLM test and Friedman’s test which are preferred when the number of units (N) is higher than the time (T) to test cross-sectional dependence and we then perform Granger causality analysis in order to see whether there is a causal relationship (unidirectional or bidirectional) or not among air transport, tourism, economic growth and employment. Econometric results indicate that there is a unidirectional short run causal relationship between economic growth, tourism, employment and air transport and that those factors play an important role in the growth of air transport. In this paper, we also aim to discuss the future challenges for air transport within the frame of econometric results and statistical analysis.
Editör	Kazda, A., Smojver, I.
DOI	10.1016/j.trpro.2017.12.164
Cilt	28

Kaynağa git Özyeğin Üniversitesi

Aramaya Dön

Özyeğin Üniversitesi

Kaynağa git

The causality analysis of air transport and socio-economics factors: the case of OECD countries

Yazar Küçükönal, Hatice, Sedefoğlu, Gülşah

Basım Tarihi 2017

Basım Yeri - Elsevier

Konu Air transport, Challenges, Panel causality

Tür Belge

Dil İngilizce

Dijital Evet

Yazma Hayır

Kütüphane Özyeğin Üniversitesi

Demirbaş Numarası 2352-1465

Kayıt Numarası c781e438-152f-4335-9b96-3b691a7061f4

Lokasyon Professional Flight Program, Aviation Management

Tarih 2017

Örnek Metin Air transport is one of the most important industries in the world with its rapid growth, and direct and indirect contribution to world economy. In other words, GDP, tourism and employment are the key factors causing that growth in air transport and an increase in those factors boost the demand for air transport. However, uncertainty in economy, rising unemployment and increased terrorist attacks towards tourism would be a big threat to the growth of air transport in the future. To understand the importance of the mentioned factors, we first aim to apply an econometric approach which is panel Granger causality analysis. To achieve that, data from World Bank data set for OECD countries between the year of 2000 and 2013 is used in this study. We apply Pesaran CDLM test and Friedman’s test which are preferred when the number of units (N) is higher than the time (T) to test cross-sectional dependence and we then perform Granger causality analysis in order to see whether there is a causal relationship (unidirectional or bidirectional) or not among air transport, tourism, economic growth and employment. Econometric results indicate that there is a unidirectional short run causal relationship between economic growth, tourism, employment and air transport and that those factors play an important role in the growth of air transport. In this paper, we also aim to discuss the future challenges for air transport within the frame of econometric results and statistical analysis.

Editör Kazda, A., Smojver, I.

DOI 10.1016/j.trpro.2017.12.164

Cilt 28