Do oil price fluctuations influence air travel Demand? Symmetric and asymmetric insights from Korea and Japan

IF 3.6 2区工程技术 Q2 TRANSPORTATION

Journal of Air Transport Management Pub Date : 2025-07-07 DOI:10.1016/j.jairtraman.2025.102856

Jungho Baek , Soojoong Nam

引用次数: 0

Abstract

This article investigates how fluctuations in oil prices influence air travel demand in Korea and Japan, considering short- and long-term impacts. Using both ARDL and NARDL models, the study reveals that oil prices significantly influence air travel demand, with asymmetrical impacts more pronounced in Korea than in Japan. While both countries show short-term sensitivity to oil prices, Korea also experiences long-term effects. Economic growth and exchange rates are also critical factors affecting air travel demand. These findings suggest tailored policy approaches for Korea and Japan to enhance the resilience of their aviation sectors in response to oil price changes.

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油价波动会影响航空旅行需求吗？韩国和日本的对称和不对称见解

本文研究了油价波动如何影响韩国和日本的航空旅行需求，考虑了短期和长期的影响。通过使用ARDL和NARDL模型，研究表明油价显著影响航空旅行需求，韩国的不对称影响比日本更明显。两国都对油价表现出短期的敏感性，但韩国也受到了长期的影响。经济增长和汇率也是影响航空旅行需求的关键因素。这些发现为韩国和日本提供了量身定制的政策方法，以增强其航空业应对油价变化的弹性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Air Transport Management TRANSPORTATION-

CiteScore

12.40

自引率

11.70%

发文量

期刊介绍： The Journal of Air Transport Management (JATM) sets out to address, through high quality research articles and authoritative commentary, the major economic, management and policy issues facing the air transport industry today. It offers practitioners and academics an international and dynamic forum for analysis and discussion of these issues, linking research and practice and stimulating interaction between the two. The refereed papers in the journal cover all the major sectors of the industry (airlines, airports, air traffic management) as well as related areas such as tourism management and logistics. Papers are blind reviewed, normally by two referees, chosen for their specialist knowledge. The journal provides independent, original and rigorous analysis in the areas of: • Policy, regulation and law • Strategy • Operations • Marketing • Economics and finance • Sustainability