Dominant Carrier Performance and International Liberalisation: The case of North East Asia

Xiaowen Fu and Tae H. Oum

No 2015/3, International Transport Forum Discussion Papers from OECD Publishing

Abstract: Numerous studies on the aviation industry have confirmed that significant benefits can be brought by liberalizing the international market. After a comprehensive review of the recent studies on this issue, Fu and Oum (2014) concluded that there is strong evidence that liberalisation introduces substantial economic benefits to the countries involved. In the airline industry, liberalisation has led to increased airline competition, decreased average fares, increased frequency, improved load factor and airline productivity, increased traffic volumes and new route services. These changes not only lead to higher employment and economic output in the aviation industry, but also provide better inputs to other related sectors such as tourism, trade and logistics. Yet despite such well recognized benefits, mostly developed countries have liberalised their air service agreements, notably the United States followed by the EU. As of 2003, 57 liberalisation agreements out of 87 involved the U.S. As of October 2012, over 400 liberalized agreements were reached among 145 economies, among which more than 100 were U.S. open-skies agreements (ICAO 2013). In most other markets, air liberalisation has made limited progress over the past decades, even in regions characterized with strong economic and international trade growth.

Date: 2015-01-01
New Economics Papers: this item is included in nep-int and nep-tre
References: Add references at CitEc
Citations: View citations in EconPapers (27)

Downloads: (external link)
https://doi.org/10.1787/5jrw14h18ls5-en (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oec:itfaab:2015/3-en

Access Statistics for this paper

More papers in International Transport Forum Discussion Papers from OECD Publishing Contact information at EDIRC.
Bibliographic data for series maintained by ( this e-mail address is bad, please contact ).