Economics at your fingertips  

The Effects of Economic Growth and Foreign Direct Investment on Air Transportation: Evidence from Turkey

Salih Kalayci and Gozde Yanginlar

International Business Research, 2016, vol. 9, issue 3, 154-162

Abstract: The major goal of this research paper is to investigate the relationship among Turkish Economic growth, airway transportation and FDI. Several research results consistent with this papers finding and it has been founded that the economic growth plays a crucial role in air transportation by implementing econometrical models including Multiple Linear Regression (MLR), Johansen co-integration test and VAR model. The variables have been put into the Vector Autoregressive Model (VAR) and Johansen co-integration test. According to the test result of Johansen co-integration test there is a long-term relationship between the variables of GDP, FDI and air transportation. According to the both variance decomposition and Impulse Response analysis, the effect of GDP is found to increase air transportation more than the FDI. Finally, the contribution of Turkish economy to civil aviation seems significant which is consistent with this paper’s research results.

Keywords: multivariable linear regression (MLR); ADF unit root test; Johansen co-integration test; vector autoregressive model; impulse response; variance decomposition; economic growth; FDI; air transportation (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link) (application/pdf) (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:

Access Statistics for this article

More articles in International Business Research from Canadian Center of Science and Education Contact information at EDIRC.
Bibliographic data for series maintained by Canadian Center of Science and Education ().

Page updated 2022-03-02
Handle: RePEc:ibn:ibrjnl:v:9:y:2016:i:3:p:154-162