Causal nexus between air transportation and economic growth in BRICS countries

Rafaqet Ali, Khuda Bakhsh and Muhammad Asim Yasin

Journal of Air Transport Management, 2023, vol. 107, issue C

Abstract: Air transportation is important factor which helps to vibrate economic activities in any economy. This paper explore causal nexus between air transportation and economic growth in BRICS countries by using balanced panel date for the period 1993–2019. Numbers of air passengers and air freight are used as measures of air transportation. Panel time series econometric techniques coupled with panel Vector Error Correction Model and Dumitrescu and Hurlin tests are applied for causal analysis. Unidirectional long run causalities are found from air passengers and airfreight to economic growth in these countries. Likewise, one way short run causal relation from air transportation to economic growth is found in these countries. Based on the findings of this, there is economic significance of air transportation in these countries, hence, important policy implications are discussed.

Keywords: Air transport; Growth; Panel data; BRICS (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jaitra:v:107:y:2023:i:c:s0969699722001545

DOI: 10.1016/j.jairtraman.2022.102335

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