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Air transport demand and economic growth in Brazil: A time series analysis

Marcial Marazzo, Rafael Scherre

2006ptair transporteconomic growthtime seriesco-integrationBrazil

Abstract

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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.

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Cite This Work

@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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