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A NEW LOOK AT THE RELATIONSHIP BETWEEN AVIATION DEMAND AND ECONOMIC GROWTH: STRUCTURAL MODEL ESTIMATION FOR THE CASE OF TURKEY

Nisa SEÇİLMİŞ, Levent KORAP

2017enaviationeconomic growthtime seriesTurkeydemand

Abstract

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This study aims to consider the relationship between aviation demand and economic growth in an empirical way. For this purpose, the Turkish data are used in light of the advances in time series estimation techniques. The results reveal that cointegration between the variables cannot be rejected. Aviation demand is found like a luxury good and economic growth tend to act as a constraint on demand conditions. Further, a positive real income shock in a structural vector error correction framework leads nearly one-to-one significant response in aviation demand. The forecast error variance decomposition findings give support to these results.

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Cite This Work

@article{cee8227e-3a65-4c82-a843-52eededcf57c,
  title={A NEW LOOK AT THE RELATIONSHIP BETWEEN AVIATION DEMAND AND ECONOMIC GROWTH: STRUCTURAL MODEL ESTIMATION FOR THE CASE OF TURKEY},
  author={Nisa SEÇİLMİŞ and Levent KORAP},
  year={2017},
  language={en}
}
TY  - JOUR
TI  - A NEW LOOK AT THE RELATIONSHIP BETWEEN AVIATION DEMAND AND ECONOMIC GROWTH: STRUCTURAL MODEL ESTIMATION FOR THE CASE OF TURKEY
AU  - Nisa SEÇİLMİŞ
AU  - Levent KORAP
PY  - 2017
LA  - en
ER  -

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