Marcial Marazzo, Rafael Scherre
We investigate the relationship between air transport demand (passenger-kilometer: PAX) and economic growth (GDP) between 1966 and 2006 in Brazil. Special attention is paid to stationary features and the existence of a long-run equilibrium between variables to work in a vector autoregressive environment. Our findings suggest that GDP and PAX are co-integrated. Impulse-response analysis indicates a strong positive reaction of PAX due to a positive change in GDP. However, GDP reacts to a change in PAX in a slower and moderated way. We interpret these findings as empirical evidence of air transport multiplier effects in the economy.
@article{3dfa8840-29ca-4fa9-bf8b-ce559a3c6b36,
title={Air transport demand and economic growth in Brazil: A time series analysis},
author={Marcial Marazzo and Rafael Scherre},
year={2006},
language={pt}
}TY - JOUR TI - Air transport demand and economic growth in Brazil: A time series analysis AU - Marcial Marazzo AU - Rafael Scherre PY - 2006 LA - pt ER -
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