International transmission of shocks in the airline industry

David Gillen and Ashish Lall

Journal of Air Transport Management, 2003, vol. 9, issue 1, 37-49

Abstract: There is a large literature on the international transmission of financial and other economic crises. This paper borrows from macroliterature to study an industry specific issue. It examines the impact of an industry specific real shock on firms within that industry, but in countries other than the crisis. In particular, it examines the impact of the events of September 11, 2001 on the market value of non-US airlines. In addition is attempts to identify both graphically and statistically, the importance of trade linkages and airline alliances in the international transmission of shocks.

Keywords: Airline industry; Industry shocks; Propagation mechanisms (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (22)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jaitra:v:9:y:2003:i:1:p:37-49

DOI: 10.1016/S0969-6997(02)00068-6

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