The economic impacts of air transport liberalization

Martin Grancay

MPRA Paper from University Library of Munich, Germany

Abstract: Air transport liberalization constitutes a whole new level of globalization. The impacts it brings can be divided into direct, indirect, induced and catalytic. The magnitude of impacts is determined by various factors, including air transport liberalization multiplier, market saturation and the degree of liberalization of other sectors. Airlines profit from increased efficiency derived from economies of scale, economies of scope and density economies. On the demand side, the passengers enjoy better range of available destinations, higher frequency of service and new business models, such as was the entrance of low-cost carriers to the EU market in the second half of the 1990s.

Keywords: air transport; liberalization; multiplier; elasticity (search for similar items in EconPapers)
JEL-codes: L91 L93 (search for similar items in EconPapers)
Date: 2009-07
New Economics Papers: this item is included in nep-tur and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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