Air traffic and economic growth: the case of developing countries

François Bourguignon and Pierre-Emmanuel Darpeix
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Pierre-Emmanuel Darpeix: PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, PSE - Paris-Jourdan Sciences Economiques - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique

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Abstract: This paper investigates the relationship between air traffic and economic growth in various developing regions and compares it with an "enduring industry fact" of an elasticity around 2 for the developed world. The analysis is conducted from two distinct databases, both with regional aggregates and with country-level ECM estimations. We conclude that there does not seem to be substantial differences in elasticities across the various regions and we show that the introduction of autonomous country-specific time trends leads to a substantial reduction of elasticity estimates.

Keywords: Air transportation; panel cointegration; error correction model; GDP-elasticities; development; F23; F43; F63; L93 (search for similar items in EconPapers)
Date: 2016-04
New Economics Papers: this item is included in nep-tre
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01305412v1
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Citations: View citations in EconPapers (3)

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Related works:
Working Paper: Air traffic and economic growth: the case of developing countries (2016)
Working Paper: Air traffic and economic growth: the case of developing countries (2016)
Working Paper: Air traffic and economic growth: the case of developing countries (2016)
Working Paper: Air traffic and economic growth: the case of developing countries (2016)
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