J. Brida, Pablo D. Monterubbianesi, Sandra Zapata-Aguirre
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Exploring causality between economic growth and air transport demand for Argentina and Uruguay
This paper investigates the effects in the long-term between air transportation and the economic growth in Uruguay and Argentina. Employing annual data from 1970 to 2011, the study uses cointegration analysis to consider the existence of a long-run relation between real GDP and the number of air passengers in each country. Results show that for both considered countries, the series are cointegrated and it is possible to estimate an error correction model (ECM). The Granger causality test shows that causality goes unidirectionally from GDP to air-transport for both countries. The elasticity and impulse-response function analysis shows that the effect of a GDP shock on the number of passengers is higher in Uruguay than in Argentina, which is consistent with the characteristics of the air market and the geographical conditions of each country. The results suggest different policy and planning implications.
期刊介绍:
There is an increasing demand for transportation solutions that are responsive, safe, sustainable, smart and cost-efficient. This has resulted in increased emphasis on responsive intermodal transportation systems. WRITR provides an international forum for the critical evaluation and dissemination of research and development in all areas related to intermodal transportation. Research disseminated via WRITR has significant impact on both theory and practice, and is of value to academics, practitioners and policy makers in this field. Topics covered include: -International trade and transportation -Infrastructure, network design and optimisation -Design, planning and control of transportation systems -Intermodal, intelligent and sustainable transportation solutions -Transportation modes (air, rail, road, sea, pipe) -Transportation cost/benefit analysis -Railroad, terminal and port development -Port/terminal operations and management -Warehousing and inventory management -Transportation regulations, standards and security -Environmental impact, liability and insurance -Risk analysis and management -Information technology and decision support systems -Strategic alliances and relationship management -Government involvement and incentives