Price and income elasticities of demand for air transportation: Empirical evidence from US airfreight industry

Junwook Chi and Jungho Baek

Journal of Air Transport Management, 2012, vol. 20, issue C, 18-19

Abstract: This paper examines the demand for airfreight in the US as a function of real income and the price of airfreight between 1996 and 2010. Results show that a unique long-run equilibrium relationship exists between the volume of the US airfreight and the selected variables. The estimated long-run price and income elasticities indicate that US airfreight industry is price and income elastic. It is also found that income is a more powerful determinant of the long-run behavior of US airfreight industry than airfreight price.

Keywords: Airfreight transportation; Airfreight demand analysis (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (15)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jaitra:v:20:y:2012:i:c:p:18-19

DOI: 10.1016/j.jairtraman.2011.09.005

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