Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1023958 | Transportation Research Part E: Logistics and Transportation Review | 2010 | 9 Pages |
Abstract
We investigate the relationship between air transport demand (passenger-kilometer: PAX) and economic growth (GDP) between 1966 and 2006 in Brazil. Special attention is paid to stationary features and the existence of a long-run equilibrium between variables to work in a vector autoregressive environment. Our findings suggest that GDP and PAX are co-integrated. Impulse-response analysis indicates a strong positive reaction of PAX due to a positive change in GDP. However, GDP reacts to a change in PAX in a slower and moderated way. We interpret these findings as an empirical evidence of air transport multiplier effects in the economy.
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Authors
Marcial Marazzo, Rafael Scherre, Elton Fernandes,