International air passenger traffic, trade openness and exchange rate in Brazil: A Granger causality test

Ricardo Rodrigues Pacheco and Elton Fernandes

Transportation Research Part A: Policy and Practice, 2017, vol. 101, issue C, 22-29

Abstract: Brazil has invested substantially in encouraging international air passenger traffic. The results, however, have fallen far short of expectations, raising the question of what factors should be considered in policy-making to encourage the development of international passenger air traffic in Brazil. Based on indications in the literature, this study explores relations between international trade-related factors and international air passenger movement in Brazil, using the Granger causality methodology. The study results show evidence that changes in international trade indicators hold a long-term relationship with, and precede, variations in international air passenger movement. These indicators also show significant impact on the evolution of international air passenger movement in Brazil. The study indicates a need to rethink policy and may serve as a point of reference for other developing countries.

Keywords: Air passenger traffic; Brazil; Exchange rate; Granger causality; Trade (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (12)

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DOI: 10.1016/j.tra.2017.04.026

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